Just as the year opened in 2013, with low inventory, here we are again:

Here’s how the year opened in 2013

  • Alamo – 25
  • Danville – 44
  • Blackhawk – 27
  • San Ramon – 23
  • Dublin –  26
  • Pleasanton –   29
  • Lafayette –   15
  • Orinda –  15
  • Pleasant Hill –  11
  • Walnut Creek –  43
  • Rossmoor –  21
  • Antioch –  56

Today’s inventory, one year later:

  • Alamo –  29
  • Danville – 43
  • Blackhawk – 17
  • San Ramon – 29
  • Dublin –  50
  • Pleasanton – 31
  • Lafayette –   24
  • Orinda –  15
  • Pleasant Hill – 25
  • Walnut Creek –  43
  • Rossmoor –  31
  • Antioch –  116

Fascinating. Consider than last year at this time, buyers were frantically looking for new listings and inventory was lower across the board than it had been for years. 2013 was a fabulous year for the real estate market, with property values rebounding to (in some cases) top of the market prices. Buyers were (in many cases) in bidding wars and we saw homes sell for $100,000’s over the asking price.

Again this year, we have low inventory, plentiful buyers, and interest rates that are still very attractive.  It’s frustrating for buyers with inventory so low: the choices are few right now. But don’t be discouraged—inventory is going to grow quickly in the coming weeks.

Here is an example: www.261LivornaHeights.com — my new listing in Alamo, open Saturday and Sunday from 1:00 – 4:00.  Come by and say “hi”!