With the Super Bowl in our rear-view mirror, many homeowners want to beat the spring rush to the market. Today was “Broker™s Tour” day in Danville and Alamo, and I was not surprised to see a lot of new activity this week.
I was one of four agents putting my sign on the corner of Del Amigo Road and Danville Boulevard, a sure sign that it was a busy day on tour. œAfter the Super Bowl has been a popular target date for some sellers (for those that missed œafter the holidays and don™t want to wait until spring).
I had a new listing on tour on Thursday in westside Danville” 490 Clipper Hill Rd., a lovely home situated on an acre with towering oak trees ( see the virtual tour). The home is priced at $1,049,000 with 2,700 square feet. I served lunch and greeted about 80 agents as they previewed the home.
It was one of 24 homes on tour in Danville. In Danville the inventory right now is 215 homes (including Diablo and Blackhawk), with 64 of those new to the market in the last two weeks.
In Alamo, ten homes were on tour on Thursday. Inventory in Alamo has grown to 81 listings, and 14 of those are new to the market in the last two weeks.
Buyers are active, there’s no doubt. Many tell me they have been looking for some time, and are now watching the market for new and interesting homes. So a growing inventory should result in some quick pending sales. If it grows too fast, prices will suffer.
Here’s some encouraging news: across all of Danville and Alamo, there are currently 99 sales that have gone pending in 2011, and 61 homes have sold so far this year.