Tri Valley Market Update

The real estate market conditions in the Tri Valley region remained much the same in August, with high inventories of homes and steady but unspectacular sales levels. Here is a summary graph of the inventory and sales levels for the cities of the Tri-Valley, which includes Alamo, Danville, Blackhawk, San Ramon, Dublin, Livermore, and Pleasanton.



Click on the image to enlarge. The light green bar represents the inventory of resale single family homes. The dark green bar represents closed sales. The red line shows pending sales for the month.

As you can see, the inventory of unsold homes continued to rise, and sales remained steady. These dynamics continue to put downward pressure on prices in most neighborhoods. However, prime properties with unique features that are in demand (views, oversized lots, exceptional ammenities, etc) continue to attract attention from serious buyers.