As we end the month of June, the number of available single family homes decreased from 118 last week to 117 this week, and the percentage of listings in escrow dropped from 34% to 31%. For traditional (non distressed) properties, the drop was from 24% to 20%. We believe this is just the traditional summertime slowdown.
As of Monday, June 20, there are 118 single family properties currently available in Almaden Valley, an increase of 6 from last Monday. The percentage of single family listings in escrow dropped from 35% last Monday to 34% this Monday.
For traditional sales (non-distressed properties), the drop was from 27% to 24%. This continues the normal seasonal trend we touched on last week; we anticipate that home sales drop in the summer.
All that being said, my open house on Fleetwood last weekend was non-stop traffic. Buyers are still out there trying to catch interest rates before they go up. And good homes that are priced right are still very attractive.
Almaden Valley Real Estate Market Update is a periodic report that includes key market trends, statistics, and insights about the Almaden Valley real estate market and value of our homes.
The Almaden Valley real estate market traditionally slows down for the summer, and this mild decrease is in line with historic trends. Additionally, my open houses this weekend were a little bit slow, in part due to all the graduations going on.
Just announced by REAL Trends, Alain Pinel Realtors has held onto our #6 national ranking, for a second year, with nearly $6.8 billion in closed sales volume for 2010 – leaving us only $200 million away from the #5 position. We are also still the #1 residential real estate firm in California.
The REAL Trends 500 is an annual research report which identifies the countrys largest and most successful residential real estate firms as ranked by closed transaction sides and separately by closed sales volume. This report represents the most trusted standard of measuring the performance of the nations leading firms.
Almaden Valley has started 2011 with a very low inventory. Interest rates are still incredible. It is a great time to sell your home.
The Almaden market has been improving, even as we move into the holidays. I sold my listing at 7163 Glenview Drive before it even came on the mls. We held it open Thanksgiving weekend and had 15 parties through on Saturday and 20 on Sunday. Also, many sellers have been taking their homes off the market which has helped in reducing inventory.