It is a buyer’s market in the Alamo/Danville area, but as a buyer, you still need to be patient and be smart when you buy.
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Today I am joined by my father Terry McDaniel to share the latest news from our Alamo/Danville market. Right now, the numbers tell us it is a great time to buy.
In Alamo, there are 38 homes available for sale, and the median asking price for these homes is $2.15 million. There are also 27 pending properties, which is almost ideal because you usually want to see a 1:1 ratio between available properties and pending properties. The median price of these pending homes is $1.7 million.
These stats indicate that the lower part of the market is the most active, while the upper part is starting to see homes with price adjustments of $50,000, $75,000, and even $100,000. This kind of thing is typical when interest rates are rising, so be patient and be smart when you
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