January 2018 Almaden Valley Real Estate Market Update… January’s data for Almaden Valley real estate is showing the effects of tight inventory. The number of single family homes on the market in January remained virtually unchanged from the previous month: 10 versus 9. The number of sales dropped during the same time period, from 22 in December to 15 in January. This drop is a direct effect of the incredibly low inventory of single family homes that we’ve been experiencing. The price per square foot edged up from $671 to $672, a further indication that the usual cooling of interest we see during the holiday season didn’t really happen this year.
Buyers are clamoring for Almaden Valley homes, as is evidenced by the fact that area homes often experience multiple offers within a short time of being put on the market. It is an excellent time to be a seller in Almaden Valley. For more information on how you can take advantage of our hot market, call, text or email me.