February Real Estate Review for Alamo

Let’s take a look at the Alamo Real Estate Market through the first two months of the year. Activity has started the year at a brisk pace and the buzzword is “lack of inventory”. There are a lot of buyers out looking and depending on the price range multiple offers are not unheard of. We see a pretty big jump in closed sales versus 2011 as well as an increase in median prices. The time it took to get homes into escrow appears longer but is most likely attributed to homes which have been on the market longer are starting to sell. In addition, the higher end is moving as well as we can see with the closing of 322 Lark Lane which was listed for $11,800,000 and sold at an undisclosed price.

There is a perfect home in Alamo for those who are looking to move up

(Click on the Photo for Virtual Tour & More Info)

2503 Royal Oaks Drive in Round Hill Country Club

2011 YEAR END REAL ESTATE REPORT FOR ALAMO