Yesterday was Tour day in Alamo, Danville, and San Ramon–and the inventory is starting to grow. In Alamo, there were 14 homes on tour–about half were new listings (the others were price changes, or back on the market after the holidays). If you’re a realtor on Tour in Alamo on Thursday, you can usually eat pretty well–but I nearly starved this week. I was weak and light-headed by my 6th stop, where I finally found some refreshments.
Ok, I wasn’t really going to pass out, but I was peckish. Nobody sensible eats a big breakfast before Tour on Thursday, so naturally I was expecting a supplement to my mini-breakfast. Eventually I scored a half sandwich, chicken skewers dipped in peanut sauce, grapes, cookies, cookies, and cookies, and felt content.
I think food is an important part of broker’s tour: when it’s my listing, I love to ponder the right choice, pick a theme, and promote the open house accordingly. But there is a case for the idea that food is distracting. Sometimes I am telling people about a “great house I saw on tour,” and when I try to call the kitchen to mind, I remember the asparagus wrapped with prosciutto instead of the color of the cabinets or the name of the granite.
But standing there, chomping on a prosciutto-wrapped asparagus and chatting, is a nice atmosphere–and the feeling is what I remember. The kitchen was being enjoyed–and that’s important.
With 14 homes on tour in Alamo, 24 in Danville, and 19 in San Ramon, there was certainly some new inventory. Here’s a count of what is currently listed, and how it compared with the 1st of the year:
Alamo – 68 (+6)
Danville – 137 (-1)
Blackhawk – 30 (+4)
San Ramon – 129 (+3)
Lafayette – 35 (-3)
Orinda – 28 (+5)
Pleasant Hill – 55 (+12)
Walnut Creek – 125 (+1)
Rossmoor – 101 (-13)
Antioch – 199 (+2)
Not all towns show a growth in inventory–for example, Rossmoor with the greatest decrease of 13 homes. Since the first of the year, there are 15 new listings in Rossmoor–however, 17 went pending since then, and others expired or were withdrawn from the market.
In Alamo, 11 listings are new to the market since the 1st; and two (both short sales) have gone pending. So far this year, 4 homes have sold in Alamo:
– 80 Gran Via 4 bedrooms, 3 bathrooms, 2700 sq feet, 1/2 acre lot, built in 1955. This was a pretty westside rancher, nicely updated. Originally priced at $995,000 when it came on the market in July, it sold for $810,000 or $300/sf (this was a short sale).
– 233 Livorna Heights Rd 5 bedrooms, 3.5 bathrooms, 2350 sq feet, 1.2 acre lot, built in 1966. This home was bank-owned; it came on the market in June at $949,900, reduced to $883,900, and sold for $815,000 or $347/sf.
– 27 Mott Drive 4 bedrooms, 2.5 bathrooms, 3319 sq feet, 1/2 acre lot, built in 1972. This is in a nice Roundhill location, a regular sale, and aside from the uphill driveway, the home sits on a nicely flat lot with pool–a very nice setting. It came on the market in October priced at $1,099,000; reduced to $999,000, and sold for $910,000 or $274/sf.
– 1594 Via Romero 5 bedrooms, 4 bathrooms, 3374 sq feet, 1/2 acre lot, built in 1964. Great westside location with flat lot and pool, pool house, and sport court–this home was beautifully remodeled. Listed in October for $1,498,000, it sold for $1,400,000 or $415/sf.
The price per sq foot in Alamo is clearly all over the board, especially for the distressed properties. In 2011, with 163 homes sold in Alamo, the price per sq foot ranged from $169 to $670, with a median of $355. The homes priced over $1.5 million (and there were 36 of those) had a higher range: from $306 to $670, with a median of $395.