On Halloween I gave you the details on the less-than-$400/sf sales for the 6-week period and promised the “good news” next. There were 10 sales that I considered to be very strong, and now that I’m nearly recovered from all that chocolate (I have no will power), I can sum up the details for you:
20 Vernal Ct $1,228,000 4 bedrooms, 3.5 bathrooms, 2856 sq feet, 1.09 acre lot, built in 1983. This home was my listing–located in one of my favorite Alamo neighborhoods, where the lots are mostly an acre or more and zoned for horses. It’s close-in (just off Livorna), yet feels like country with the homes so spread out. There are horses, chickens, and tennis courts in the neighborhood. This home showed very beautifully–had been lovingly remodeled and had a warm contemporary feeling. Part of the acre lot is a downslope off the back of the lot, but there is a generous area of flat land as well. No pool, no big grassy area, and no family room–so it was not the perfect fit for many families. However, everyone who saw it appreciated what a lovely home it was, and it sold for $1,200,000 or $420/sf.
203 Via Bonita $1,229,000 4 bedrooms, 2 bathrooms, 2043 sq feet, .58 acre, built in 1977. Absolutely fantastic westside location, this home had curb appeal, the big flat backyard with pool, and was nicely updated throughout with a gorgeous kitchen. When I walked through the house on Tour, I thought “great house, great price.” It didn’t feel as small as the square footage indicates, received multiple offers and sold for full price or an amazing $602/sf.
2487 Royal Oaks Dr $980,000 4 bedrooms, 2 bathrooms, 2239 sq feet, .40 acre lot, built in 1967. This home had been occupied by the original owners since 1967. They enjoyed a nice location in Roundhill and a beautiful flat backyard backing to the golf course–easy to understand why they never saw a reason to move. Under a million and livable in Alamo gets attention, and this sold in just 3 days for $960,000 or $429/sf.
200 Pebble Ct $989,000 4 bedrooms, 2.5 bathrooms, 2300 sq feet, .47 acre lot, built in 1974. This home had some of the same qualities as the last one: single story, fairly original home with a stunning backyard. Located off Stone Valley Rd, close to town, this under-a-million price tag received a lot of attention. The home sold quickly with multiple offers for full price or $430/sf.
1530 Hillgrade Ave $1,029,000 3 bedroom, 2.5 bathrooms, 2110 sq feet, .6 acre lot, built in 1947. Absolutely adorable–curb appeal and the effect continued throughout the home. Huge flat backyard with pool. Sweet as this house was, I didn’t expect it to sell as quickly as it did. I expected the lack of a 4th bedroom and the busy road to hold it back a bit. Hillgrade is the dividing line for the school district; this house is across the street from the Alamo school zone, zoned Walnut Creek (also highly rated). It sold in a week for $1,025,000 or $486/sf.
1541 Ridgewood Rd $1,038,000 3 bedrooms, 2 bathrooms, 1805 sq feet, .45 acre lot, built in 1951. You might notice that a common theme in this list of “strong sales” is “quick sales”…not a surprise…but here is an exception. This house came on the market in March with a lot to offer: nicely remodeled, great westside location, fully utilized lot (gated, so the front yard becomes usable as well), flat lot with pool. It showed beautifully, but the lack of a third bedroom was a challenge. Originally priced at $1,249,000, it sold for the current asking price or $575/sf.
3100 Lunada Lane $1,300,000 4 bedrooms, 4 bathrooms, 3012 sq feet, .45 acre lot, built in 1960. Here was a home that went through a complete transformation. Located on the westside on the part of Lunada that is behind Safeway, and backing to the Trail, this home went through foreclosure and was remodeled by an investor with an imagination (it was in pretty poor shape and painted pink to boot). The end result was a gorgeous single story in a coveted location, and the house sold in 3 days for full price or $432/sf.
202 Harrington Ct $1,465,000 5 bedrooms, 3.5 bathrooms, 3450 sq feet, .49 acre lot, built in 1997. This home first came on the market in March for $1,565,000. Located in The Trails, a nice newer neighborhood just across from Livorna Park. Desirable single story and newer home; it’s suprising it didn’t sell sooner. Sold for $1,400,000 or $406/sf.
4135 Stone Valley Oaks Dr $2,650,000 5 bedrooms, 5.5 bathrooms, 4895 sq feet, 1.01 acre lot, built in 2003. This home never went on the market–sold quietly without all the fuss for this price or $541/sf.
- 200 Summit Ranch Rd $3,900,000 4 bedrooms, 6.5 bathrooms, 6652 sq feet, 10 acre lot, built in 2000. Can you believe 699 days on market? Well, a very unique property. Originally included more land–some of the acerage was sold separately. A gorgeous place to live…this is the house next to the Summit Ranch Horse Stables, all the way at the end of Serafix in Stonebridge. High on the high with lovely views, 10 acres to enjoy, a big rambling house, pool…a lot to love about this home. It sold for $3,100,000 or $466/sf.
Those are all strong sales–it’s nice to see so many homes still selling over $400/sf, a number that is a good benchmark in Alamo. Today we have 96 homes on the market, and here’s a bit about that inventory:
- Half of the homes on the market have been on for more than 60 days.
- Half of the homes on the market are priced under $1,400,000.
- More than half (51) are priced over $400/sf.
- 25 are priced over $500/sf. (6 of these have over an acre of land)
- 5 are townhomes or condos, the other 91 are detached homes.
- Of the detached homes, 19 are priced under a million.
- Of the full inventory, 9 are short sales and 4 are bank-owned.
- 21 of the homes are priced over $2 million.
- One home has been on the market for 947 days: it’s being sold as a tear-down, located in one of the best westside locations on Muir Lane off Camille. $1,199,000 for a .66 acre lot, originally priced at $1,649,000 in June of 2007.
- The lowest priced home is a one bedroom condo for $319,999.
- The highest priced home is the historic 1912 home on Camille sitting on 62 acres on the market for $38 million.
Please visit my website at www.Lauren4Homes.com if you’d like to search for homes (or join Listingbook, located at the bottom of my website home page, for more search capabilities…including sold info). Or, as always, I welcome your calls and emails.