There are currently 89 homes listed as active pending and sold in Blackhawk. Seventy-five are listed as active and five are pending sale. Unit sales in Blackhawk remained unchanged at nine homes sold. Average price declined significantly in 2009 slipping from $1,261,891 in 2008 to $1,118,500 in 2009 for a -13 percent average price decline. Average price paid per square foot for a Blackhawk home dropped from $394 per square foot from '08 to $332 paid in '09 for a -16 percent decline. Blackhawks' current median price for sold listings stands at $1,130,000 about 9 percent below Alamo's current median price.
Unit sales of homes in Danville decreased most significantly from 69 in 2008 to 60 in '09 for a -15 percent decline in unit sales. Average price declines were notably more for Danville than for either the Alamo or Blackhawk markets. Average price declined -14 percent falling from $$946,534 in 2008 to $810,081 in 2008. Price paid per square foot declined from $393 paid per square foot in 2008 to $333 per square foot in 2009 for -13 percent drop in price. Danville's current median price for sold listings stands at $742,500. An explanation for the difference between Danville and Alamo/Blackhawk would be the higher percentage of Condo and Townhome sales, which push the average prices lower.
On balance the start in 2009 seems to suggest a marked slowing in market declines if not the bottom and beginning of a turnaround. Unit sales numbers suggest a positive momentum, and Alamo's positive price gains could be the harbinger of better days ahead for our local housing market. Please keep reading our column and we will discover together what the future may have in store.
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Data presented in this column is based in whole or in part on data supplied by the Contra Costa and Alameda Multiple Listing Service and other quoted sources. Joe and Nancy Combs, Remax and the MLS Service do not guarantee the accuracy of this information.
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