There is no question that 2014 was a great year for Real Estate and we saw a nice recovery in our prices.  One property expressed this to me personally: my listing at 715 Anderson Ranch Ct in Alamo sold in August (www.715AndersonRanch.com).  In August of 2007, this was my listing and it sold for $2,050,000.  A few years later, the house came on the market and this time I had the buyer—my client paid $1,623,000 in May of 2010.  Interesting example of prices bouncing back up: it sold for $2,027,000 in August of 2014.

Looking at the past 12 years in Alamo, the median price in 2014 did not exceed the median sales price in 2006 which remains the high at $1,550,000.  Still, prices are strong and homes sold fast with median days on market at 19 for the year (compare that to 72 in 2009, the highest DOM by nearly double any other year).  In 2008 and 2009, volume was down — between those two years 263 homes sold, compared to 247 in 2014.  Prices hit a low in 2010 (the year I wish I had bought a dozen properties — where was my crystal ball when I needed it?), and have climbed steadily ever since.  Will they continue to do so in 2015?  What does your crystal ball say — mine is in the shop.  But if I had to guess, I think we will have another strong year with prices, if not increasing, at least remaining steady.

  ALAMO – STATISTICS FROM MLS

 

# of Homes

Median

Median

 

Sold

DOM

Sold Price

2014

247

19

$1,460,000

2013

221

14

$1,300,000

2012

254

21

$1,182,000

2011

166

37

$1,078,000

2010

199

30

$1,100,000

2009

136

72

$1,150,000

2008

127

37

$1,300,000

2007

174

23

$1,442,000

2006

163

12

$1,550,000

2005

238

9

$1,440,000

2004

306

12

$1,250,000

2003

267

20

$1,165,000