True to form (utilizing-the-last-minute form, that is), today I was in line at our friendly Alamo Post Office with my packages. It was George who called out in his friendly way, œnext customer, Merry Christmas, when I achieved the front-of-line status. I understand from my amazingly efficient assistant Therese, there are better ways to mail your packages¦she tells me that the Post Office offers standard rate boxes and you can do everything from your computer without leaving your home. It sounds good, but that long wait at the Post Office is part of the tradition for me. Time flies, as I™m usually still addressing labels or finding the right size box for a gift as I wait in line.
George said today was expected to be the busiest day for them, but it should stay busy all week. However, the Post Office is completely out of holiday stamps, so keep that in mind if you too are still writing out your cards. I left smiling and feeling so much lighter. And pleased to see the line was even longer as I left than when I arrived. (I™m not sure why that is that so gratifying, but it is. It™s awful to be the last person in a very long line when no one ever gets in line behind you.)
Meantime, we have two weeks left in the year, both holiday weeks with fewer days open at the county recorder”so in real estate, only 8 days left in the year.
Tour on Thursday was incredibly small”only one property on tour. It was an Alamo Square townhome (past Cherebini and over the bridge; nice walk to everything in Alamo location) priced at $549,000. This is such a nice complex”although on the map you can see it is tucked next to the freeway, it™s amazing how little you notice it. The complex is large, with trees and a creek running through it. I remember my daughter™s Kindergarten end-of-school party was held at this community pool”someone in the class lived here and obtained special permission from the HOA. It was a perfect spot for 20 kids and their overprotective moms to have a pool party.
Several homes are new to the market but did not offer a Tour on Thursday. Today™s inventory is 79, and that includes two new very high-end listings (over $4 million); two new high-end listings (over $2 million), and one other home ($1.5 million) that have not yet been open for Tour.
Three sales have closed since I last reported (eight so far this month); the three new sales are:
110 Alamo Square $417,700 2 bedrooms, 2 bathrooms, 1245 sq foot townhouse, built in 1975. Single story with 2 car garage”this is the same delightful complex as the townhouse on tour last week. This sold quickly (7 days on market) for $405,000 or $325/sf.
147 Cross Rd $1,199,000 4 bedrooms, 3 bathrooms, 3665 sq feet, .95 acre lot, built in 1960. This home was remodeled beautifully with a stunning kitchen and breathtaking views. It first came on the market priced at $1,400,000 in June. The setting is lovely”large lot with pool and towering oaks. It is located in Alamo Oaks, the neighborhood off Smith Rd, which is an area I love for the large lots and country feeling. It sold for $1,150,000 or $314/sf.
50 Medlyn Lane $1,500,000 4 bedrooms, 4.5 bathrooms, 5025 sq feet, .51 acre lot, built in 2004. This was a short sale that hit the finish line–we’ve had several in Alamo lately. In fact 20 short sales have sold in Alamo this year (out of 193 total sales so far). This house sold in July of 2005 for $1.9 million, and came on the market at the beginning of this year (January 2010) starting at $1,825,000. In April, the home was œpending subject lender approval which took about six months”by October, when the bank finally said œok, the buyer was no longer interested. However, when the house got another offer, the process was much faster”about 60 days. It sold for $1,496,500 or $298/sf.
The market is still ticking; in fact this week, I have had several inquiries from agents planning to show my listings. Three of my five active listings are getting showings today or yesterday–so I’m hoping someone will send over an offer–it would be a nice Christmas present for me and my clients!