It’s been another good year for our real estate market with low inventory and high demand. Alamo opened 2015 with only 23 homes on the market; Walnut Creek just 30; Danville 48. With normal seasonal fluctuations, we hit highs for the year in May (Alamo – 72, Walnut Creek – 104, and Danville – 118).

Today’s inventory numbers reflect the typical seasonal pattern as they begin to decline.  I expect the inventory numbers will continue to grow smaller toward a low at the end of the year.  Here are the current numbers across all towns:

ALAMO   57
DANVILLE   103
BLACKHAWK   39
SAN RAMON   112
DUBLIN   58
PLEASANTON   110
WALNUT CREEK   88
LAFAYETTE   47
ORINDA   40
PLEASANT HILL   45
CLAYTON   17
ANTIOCH   172

So how does 2015 compare to 2014?  In Alamo in 2014, 111 homes were sold with an average of 14 days on market and a median sales price of $1,375,000.  This year in Alamo: 105 homes were sold with an average of 13 days on market and a median sales price of $1,511,000.  Prices have ticked up: last year’s average price per sq foot was $459 and this year $497.

In Danville (including Blackhawk): 445 homes were sold in the first half of the year in 2014 compared to 486 this year.  Again, price per sq foot increased: from $413 in 2014 to $447 in 2015, although the median sales price dropped from $1,100,000 in 2014 to $1,033,000 in 2015.  Both years have an average of only 9 days on the market.

So far, another good year for our Alamo & Danville real estate market.