Inventory remains low—in Alamo, the total count has decreased these past two weeks, ever so slightly. There haven’t been very many new listings, and that’s part of it—but also properties are moving, and some very quickly. For example, last week on Tour, the home at the end of Justin Morgan was new to the market: a stunning home priced just under $1.8 million with a great location, amazing backyard, high-end finishes, and wonderful curb appeal—this spent only nine days on the market.
Inventory numbers now look like so:
Alamo – 63 (-1)
Danville – 133 (-20)
Blackhawk – 31 (-4)
San Ramon – 121 (-14)
Dublin – 78 (-2)
Pleasanton – 127 (+13)
Lafayette – 52 (-1)
Orinda – 32 (same)
Pleasant Hill – 55 (-12)
Walnut Creek – 107 (-9)
Rossmoor – 76 (-6)
Antioch – 162 (-6)
In Alamo, we saw 16 sales in February: ppsf ranging from $257 to $572 with a median of $338; sales prices from $737,500 to $11,000,000+ with an average of 150 days on market. Scroll down for details on each of the 16 sales.
In other towns, the sales stats for February follow:
• Danville – 37 sales, ppsf ranging from $185 to $472 with a median of $310; sales prices from $169,500 to $1,070,000 with a median of $655,100 and an average of 47 days on market.
• Blackhawk – 4 sales, ppsf ranging from $241 to $338 with a median of $261; sales prices from $530,000 to $1,330,000 with a median of $815,000 and an average of 96 days on market.
• San Ramon – 58 sales, ppsf ranging from $148 to $398 with a median of $261; sales prices from $125,000 to $1,030,000 with a median of $565,000 and an average of 32 days on market.
• Dublin – 34 sales, ppsf ranging from $162 to $323 with a median of $250; sales prices from $120,000 to $836,265 with a median of $367,500 and an average of 31 days on market.
• Pleasanton – 37 sales, ppsf ranging from $188 to $531 with a median of $307; sales prices from $170,000 to $2,150,000 with a median of $560,000 and an average of 53 days on market.
• Lafayette – 8 sales, ppsf ranging from $238 to $545 with a median of $374; sales prices from $345,000 to $855,000 with a median of $697,000 and an average of 34 days on market.
• Orinda – There were only 3 sales in Orinda: $249,000; $770,000; and $1,680,000. The low ppsf was $282 (a two bedroom condo) and the other two sales were $316 and $429 respectively. Average days on market: 15.
• Pleasant Hill – 21 sales, ppsf ranging from $126 to $340 with a median of $240; sales prices from $219,999 to $596,900 with a median of $335,000 and an average of 28 days on market.
• Walnut Creek – 56 sales, ppsf ranging from $130 to $519 with a median of $264; sales prices from $99,000 to $985,000 with a median of $527,500 and an average of 39 days on market.
• Rossmoor – 32 sales, ppsf ranging from $79 to $486 with a median of $130; sales prices from $65,000 to $1,120,000 with a median of $143,500 and an average of 66 days on market.
• Antioch – 125 sales, ppsf ranging from $27 to $152 with a median of $100; sales prices from $25,000 to $425,000 with a median of $176,000 and an average of 41 days on market.
The details on 16 homes sold in Alamo in February follow:
1611 Ramona Way $715,500 4 bedrooms, 2 bathrooms, 2207 sq feet, ½ acre lot, built in 1960. This was a bank-owned home with a nice westside location near the Trail. It sold for $737,500 or $324/sf with 20 days on market.
29 Brookdale Ct $799,900 3 bedrooms, 2 bathrooms, 2207 sq feet, .83 acre lot, built in 1977. I thought this was a charming home with a great backyard. However, I’m assuming that the reason this home spent so much time on the market was its proximity to the freeway. With the internet, buyers see the location on the map and may have missed actually visiting the house—where they may have been pleasantly surprised to find that despite being on the other side of the sound wall, Brookdale is downhill from the freeway and it’s unexpected how quiet some of these streets really are. This home first came on the market in September of 2010 for $1,049,000. It went pending in June 2011 and again in December 2011. The 3rd buyer was the charm: it pended on 2/1 and closed in the same short month, selling for $755,000 or $342/sf.
100 Kirkcrest Ct $1,150,000 3 bedrooms, 3 bathrooms, 3561 sq feet, 1 acre lot, built in 1976. Westside location, tucked away on a private road: pool and pool house. This house has a lot of history: it originally came on the market in October 2005, priced at $2,099,000. It didn’t sell then, and came back on two years later, in December 2008, priced at $1,549,950. Since then, it has been gradually reduced and went pending as a short sale in January 2010. Short sales being short sales, this didn’t close, and the property came back on the market in June 2010, priced at $1,300,000. It pended again in November after being reduced to $1,150,000 and sold for 950,000 or $267/sf.
3016 Oakraider Dr $1,150,000 4 bedrooms, 2.5 bathrooms, 3564 sf, .54 acre lot, built in 1982. This home is in a wonderful Roundhill location—it was in original condition, but with such a nice lot and location that the potential was obvious. Originally priced at $1,175,000 and sold for $1,035,000 or $290/sf with 33 days on market.
1437 Twelve Oaks Ct $1,175,000 4 bedrooms, 4.5 bathrooms, 3357 sq feet, .65 acre lot, built in 1952. This home had an absolutely lovely garden area. It was originally on the market in June 2011 priced at $1,353,000, and sold for $1,080,000 or $322/sf.
1555 Serafix Rd $1,250,000 5 bedrooms, 3 bathrooms, 3045 sq feet, 1/3 acre lot, sold in 1997. Located in the very quiet and pretty neighborhood of Stonebridge Estates. Originally priced at $1,299,000 and sold for $1,170,000 or $384/sf with 39 days on market.
250 La Serena Ave $1,295,000 4 bedrooms, 3 bathrooms, 3029 sq feet, .39 acre lot, built in 1971. One of the best westside locations: near the Trail, flat lot, very desirable area. This home sold with only 6 days on the market and for over list price: $1,350,000 or $428/sf.
150 Sugar Creek Lane $1,350,000 4 bedrooms, 4.5 bathrooms, 5323 sq feet, 2.8 acre lot, built in 1989. This house, in Roundhill North, sold back in 2004 for $2,150,000. Then it came on the market in April of 2007 for $2,475,000. It didn’t sell (although it pended briefly), and expired in February 2008. It came back on about a year and a half later, in July of 2009, for $1,799,000, dropping a month later to $1,599,000. It continued to have regular price adjustments and pended again when the home was priced at $1,429,000 but it didn’t sell and came back on the market in August of 2010. There was another buyer in December of 2010, and this was a long “escrow” finally falling apart and the house came back on the market in August of 2011. This time, priced at $1,350,000, it pended in October and finally closed last month. Short sales are not a short process, and here’s another example of that.
325 Lakeview Place $1,449,000 4 bedrooms, 3 bathrooms, 3381 sq feet, ½ acre lot, built in 1976. Great Roundhill location, the home is bright with lots of windows, and the lot is flat with a pool. This home spent only 21 days on the market and sold for $1,420,000 or $420/sf.
50 Crest Estates Dr $1,475,000 7 bedrooms, 5.5 bathrooms, 5600 sq feet, .57 acre lot, built in 1956. What a house—the theater room is spectacular, you would never want to go out to the movies again. The backyard has a pool and a pool house complete with kitchen. The location is westside, near the Trail, but on the WC border and zoned Walnut Creek schools. This home sold for $1,437,500 or $257/sf.
411 Bolla Place $1,498,000 5 bedrooms, 4 bathrooms, 4102 sq feet, .47 acre lot, built in 1974. This house oozes curb appeal and has a fantastic backyard—flat with pool and privacy. It’s located on a nice court in a great Roundhill location. It spend 230 days on market, which surprised me from day 1—such a great home. It was originally priced at $1,649,000 and sold for $1,410,000 or $344/sf.
15 Camino Monte Sol $1,699,000 4 bedrooms, 2.5 bathrooms, 2376 sq feet, 3.66 acre lot, built in 1958. This was more than a house for sale: it was three separate parcels or a very large lot—but consider that there was a great deal of value in the land. It came on the market in April of 2011, and never reduced price, selling for $1,360,000. The price per sq foot is rather meaningless with a “value in the land” purchase like this, but I’ll save you from doing the math: $572/sf.
1655 Diablo Vista $1,719,000 5 bedrooms, 3.5 bathrooms, 3820 sq feet, .85 acre lot, built in 1951. This remodel was ultra-contemporary, super sleek, and very light and bright with a huge flat backyard. It definitely grabbed the right buyer quickly as it sold in 8 days for almost full price: $1,700,000 or $445/sf.
144 Tracy Lane $1,850,000 5 bedroom, 4.5 bathroom, 6512 sq feet, 1.69 acre lot, built in 1981. This “Frank Lloyd Wright inspired custom” home is very contemporary in style. It was originally priced at $2,950,000 and spent 670 days on the market, gradually reducing to the final price. It sold for $1,750,000 or $269/sf.
4100 Stone Valley Oaks $2,195,000 5 bedrooms, 4.5 bathrooms, 4376 sq feet, 1.07 acre lot, built in 2002. Gorgeous home in a popular area: the “enclave” at Stone Valley Oaks: large lots and newer homes. This went on the market in September priced at $2,525,000, and sold for $1,967,000 or $449/sf.
322 Lark Lane $11,800,000 7 bedrooms, 7 bathrooms, 3 partial bathrooms, 10,594 sq feet, 10 acre lot, built in 2005. This home is a WIW with a tennis court and pool on the generous lot. Originally priced $15,888,000 in June 2010, the actual sales price is undisclosed.