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Examining Third Quarter Real Estate Sales

A glance at the 3rd quarter market in Alamo, Danville, Blackhawk and San Ramon, in contrast to the last four years.

Skeletons and pumpkins are decorating the homes we pass as we drive around town, and kids are anguishing over what costume to wear on the big day. 

Wasn’t it just yesterday we were ringing in the New Year? Apparently not, since October is upon us, which means we are in the fourth and final quarter of the year.

So how did the third quarter fare in our real estate world? Let’s take a look at Q3 in our San Ramon Valley and see how it stacks up against last year — and a few more.

ALAMO

In Alamo, third quarter sales data from 2011 and 2010 could be twins. 

  • 2011, 65 homes sold with an average of 55 days on the market, a high of $3.35 million, a low of $340,000, and a median sales price of $1,089,000. The median price per square foot was $362.
  • 2010, 68 homes sold with an average of 56 days on the market, a high of $3.1 million, a low of $473,000, and a median price of $1,099,000.  The median price per square foot was $368.

In contrast, the number of homes sold in 2009 was far fewer:

  • 2009, 36 homes sold with an average of 78 days on market, a high of $3.5 million, a low of $400,000, and a median sales price of $1,150,000. The median price per square foot was $373.

And 2008 and 2007 were also slower in volume sales:

  • 2008, 43 homes sold with an average of 65 days on the market, a high of $5.2 million, a low of $513,000, and a median sales price of $1,279,000. The median price per sqaure foot was $493.
  • 2007,  52 homes sold with an average of 43 days on the market, a high of $4 million, a low of $850,000, and median price of $1,550,000. The median price per square foot was $507.

Over the five year span of 2007 to 2011, just examining the third quarter, the median price per square foot went down from $507 to $362, and the median sales price went from $1,550,000 to $1,089,000.

DANVILLE

Danville's third quarter sales data:

  • 2011, 185 homes sold with an average of 43 days on the market, a high of $2.8 million, a low of $156,000, and a median sales price of $750 ,000.  The median price per square foot was $318.
  • 2010, 192 homes sold with an average of 40 days on the market, a high of $3 million, a low of $160,000, and a median price of $773,000.  The median price per square foot was $322.
  • 2009, 189 homes sold with an average of 67 days on market, a high of $2.6 million, a low of $215,000, and a median sales price of $795 ,000. The median price per square foot was $330.
  • 2008, 146 homes sold with an average of 58 days on the market, a high of $4.1 million, a low of $338,000, and a median sales price of $850 ,000. The median price per square foot was $372.
  • 2007, 162 homes sold with an average of 43 days on the market, a high of $3.1 million, a low of $385,000, and median price of $885 ,000. The median price per square foot was $418.

Over the five year span of 2007 to 2011, just examining the third quarter, the median price per square foot went down from $418 to $318, and the median sales price went from $885 ,000 to $750,000.

BLACKHAWK

Blackhawk, like Alamo, had a similar 2010 and 2011 third quarter:

  • 2011, 33 homes sold with an average of 70 days on the market, a high of $3.6 million, a low of $475,000, and a median sales price of $1,020 ,000.  The median price per square foot was $308.
  • 2010, 32 homes sold with an average of 72 days on the market, a high of $2.1 million, a low of $487,000, and a median price of $1,028,000.  The median price per square foot was $309.

In 2009 and 2008, volume sales were down:

  • 2009, 24 homes sold with an average of 95 days on market, a high of $3.4 million, a low of $685,000, and a median sales price of $1,090 ,000. The median price per square foot was $334.
  • 2008, 23 homes sold with an average of 78 DOM, a high of $3 million, a low of $800,000, and a median sales price of $1,175,000. The median price per square foot was $402.
  • 2007, 30 homes sold with an average of 68 days on the market, a high of $3.1 million, a low of $718,000, and median price of $1,365 ,000. The median price per square foot was $440.

Over the five year span of 2007 to 2011, just examining the third quarter, the median price per square foot went down from $402 to $308, and the median sales price went from $1,365,000 to $1,020,000. 

SAN RAMON

In San Ramon, the third quarter sales data show that over the five year span of 2007 to 2011, just examining the third quarter, the median price per square foot went down from $381 to $283, and the median sales price went from $783,000 to $595,000:

  • 2011, 276 homes sold with an average of 40 days on the market, a high of $1.5 million, a low of $106,000, and a median sales price of $595 ,000.  The median price per square foot was $283.
  • 2010, 261 homes sold with an average of 35 days on the market, a high of $1.8 million, a low of $118,000, and a median price of $650,000.  The median price per square foot was $293.
  • 2009, 307 homes sold with an average of 50 days on market, a high of $1.4 million, a low of $120,000, and a median sales price of $615,000. The median price per square foot was $290.
  • 2008, 237 homes sold with an average of 52 days on the market, a high of $2.05 million, a low of $155,000, and a median sales price of $680,000. The median price per square foot was $331.
  • 2007, 196 homes sold with an average of 40 days on the market, a high of $2.1 million, a low of $300,000, and median price of $783,000. The median price per square foot was $381. 

Based on information from the Contra Costa Association of REALTOR’S® MLS. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

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