This is a review of the current Alamo residential real estate market for single family detached homes. As of 1/21/2010, there are 78 homes on the market. 17% of them are bank owned (REO) or short sales. The average price per square foot is $440 per square foot. The median price for all listings is $1,662,000. The average days on market for these current active listings is 138 days.

There are currently 27 properties that are pending. 17 of them or 63% of them are bank owned (REO) or short sales. The average ASKING price per square foot for these homes when they went pending is $349 per square foot. The price that the home sold for is not published until it is closed and officially sold. Again, the price per square foot of $349 is the last list price of the home before it went pending. It is not the accepted price. The average days on market prior to going pending is 98 days. The median price of these pending homes is $1,099,000.

Within the last 30 days from December 21, 2009 to January 21, 2010, 13 properties sold. The median list price of these homes was $1,185,000 with an average price per square foot for the list price at the time the home sold of $357psf. The median sold price was $1,100,000 with an average sold price per square foot of $336.