Almaden Valley Real Estate Market Update – August 8, 2011

We saw a more robust improvement this past week than we’ve been experiencing. The number of available single family listings dropped from 104 the previous Monday to 99 today, while the percentage of listings under contract increased from 37% to 39% the same time period. For traditional (non-distressed) sales, the numbers indicated a similar improvement; available single family listings dropped from 96 to 92, and the percentage under contract increased from 27% to 30% .   This is good news and it brings us back up to May levels for traditional sales.