Almaden Valley Real Estate Market Update – October 3, 2011

The number of single family homes available for sale in Almaden Valley continued to decrease, down to 74 this Monday versus 77 the same time last week. The percentage under contract dropped slightly, to 37% from 38% during the same time. Traditional (ie non-distressed) properties followed similar trends, with active listings dropping from 68 to 66 and the percentage under contract dropping from 33% to 31%.

The market still has a lot of fire. Homes are selling. Interest rates are unbelievable. I just sold my listing on Crystal Springs in the Almaden Country Club neighborhood last week and have offers on my new listing on Hillcrest, also in the Country Club. Neither home has even hit the market. Buyers are buying!!