Examining the Market's Middle Ground

The sun is shining. Spring is here. Beautiful flowers are blooming in front yards everywhere and “for sale” signs are sprouting as well.

Inventory has spiked across all markets, and I thought it would be interesting to see what is available in the middle ground of each market.

You remember learning your averages: The mean, median and mode. The mode (most frequent number in the set) is really not pertinent in real estate. The mean (a traditional average) isn’t too meaningful since it is so easy for it to become skewed. A market with 100 homes for sale ranging from $500,000 to $1,000,000 will have a median-priced home somewhere in the middle ground, but if there is one high-end listing out there at $12 million, the mean becomes less meaningful.

The following homes are priced at the median price for their market:

Alamo

41 Abington Lane is offered by Doug Anderson of Executive Brokers. In Alamo — with inventory at 103 — the highest priced home is $16 million, the lowest priced home is $329,000, and the average is $1,815,000. The median price, $1,325,000, is represented by this listing: a 3 bedroom, 3 bath home with 3,127 square feet on a cul-de-sac with a 1/2 acre lot. This is a lovely home in a unique area off Austin Lane, a neighborhood that feels like country, yet is walkable to town. The back yard has a pool and is beautifully landscaped. Inside, the kitchen and bathrooms are beautifully updated. See the virtual tour. Open Sunday from 1 to 4 p.m., or call Doug for a showing at 925-570-0611.

Danville

1113 Trowbridge Way is offered by Leslie Mills and Debra Smith of Coldwell Banker. In Danville, with 294 homes on the market, the highest-priced home is $10,500,000; the lowest-priced home is $160,000, and the average is $1,266,111.  The median price, $959,000, is represented by this listing: a 4 bedroom, 3 bath home with 3,349 square feet and a .18 acre lot. This home has a private back yard and lovely views. It is contemporary in style and updated throughout. See the virtual tour. For showings, call Leslie at 925-683-0925 or Debra at 925-899-7716.

San Ramon

7359 Sedgefield Ave. is offered by Norm Nelson 
of 
Better Homes & Gardens Realty. In San Ramon — with 249 homes on the market — the highest-priced home is $2,499,000, the lowest-priced home is $110,000, and the average is $669,600. The median price, $669,000, is represented by this 4 bedroom, 3 bath home with nearly 1,800 square feet and a 1/5 acre lot. It has a lovely backyard setting overlooking the golf course, gleaming hardwood floors and a gorgeous remodeled kitchen with stainless and granite. Call Norm for showings at
 925-323-8204.

Dublin

11700 Amarillo Ct. is offered by Ricardo Giacoman of Better Homes & Gardens. In Dublin, there are 131 homes on the market with the highest price $2,875,000, and the lowest price $109,000. The average price is $539,567, and the median price, $469,950, is represented by this listing: a 3 bedroom, 2 bath home on a .18 acre lot. This is a roomy home with a nice sized back yard. For showings, call Ricardo at 510-355-5992.

Pleasanton

5418 Ridgevale Road is offered by Rosemary Yandell of Better Homes & Gardens Realty. There are 225 homes on the market in Pleasanton: the high is $7,850,000 and the low is $115,000. The average is $1,030,579, and the median, represented by this home, is $715,000. This is a 4 bedroom, 2 bath home with 1,882 square feet in the Pleasant Valley neighborhood. With a red front door and lovely landscaping, this home has curb appeal. It is beautifully updated with a stunning black and white kitchen. The back yard is large and private. See the virtual tour. For questions or showings, call Rosie at 925-519-4729.

Livermore

1723 Jennifer is offered by Patti Smylie of Re/Max Accord. Livermore has 269 homes on the market. The highest-priced home is $3,988,000, the lowest-priced is $66,000 and the average is $563,000. The median price, $447,700, is represented by this listing: a 3 bedroom, 2.5 bath home with a 1/4 acre lot and 1,858 square feet. The back yard, lined with redwoods, is huge and private; the kitchen is granite and maple. See the virtual tour. For a showing, call Patti at 925-487-2080.

The statistics quoted here are based on information from the Contra Costa Association of REALTOR’S® MLS. Display of MLS data is deemed reliable but is not guaranteed accurate.