Almaden Valley Real Estate Market Update – July 25, 2011

We continued to see the expected gradual improvement of the market from the summer lows, though this week wasn’t quite as robust as the previous few have been. The total number of active single family listings remained the same at 106. The percentage of listings that are under contract increased from 35% last week to 36% this week. Active traditional (non-distressed) listings increases slightly but the percentage under contract also increased from 25% last week to 27% this Monday.

At open houses this weekend, there was clearly a last minute rush to get families settled in new homes before school starts. My listing at 6742 Elwood Rd had non-stop traffic both days. Incredible home with amazing back yard including pool, spa, bocce ball court, outdoor ktchen, outdoor patio and koi pond.