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Almaden Valley Real Estate Market Update – October 31, 2011

This past week in Almaden Valley saw the market staying virtually the same as it has been the past few weeks. The number of single family homes listed as available on the market dropped from 77 last week to 74 this week, but the percentage of listings under contract remained almost the same, dropping from 36% to 35% over the same time frame. Traditional (ie non-distressed) single family homes experienced much the same trend, dropping from 68 available homes to 65 this week, and a drop in listings under contract from 30% to 29% over the same time frame. As we pass through the holiday season, I anticipate we will continue seeing the gradual cooling of the market that we see every year at this time.

Interest rates have drifted up and down slightly, but remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.

The number of distressed properties in the pre-foreclosure/auction/bank owned portion of the report increased for the third week in a row, after several weeks of gradual decrease.

Almaden Valley Real Estate Market Update – October 18, 2011

The number of active listings in Almaden Valley increased slightly from last week, from 76 to 80 this week. The percentage of listings that are in escrow decreased slightly, from 38% to 35%. Traditional (ie non-distressed) listings experienced a similar change, from 67 to 71 active listings and from 31% in escrow to 30% this week. This could very likely be the early stages of the annual slow-down we see around the holidays.

Interest rates remain fairly much at the same level as last week.

Almaden Valley Real Estate Market Update – October 10, 2011

The number of single family properties in Almaden Valley that are on the market crept up slightly, from 74 last Monday to 76 today. However, the number of pending escrows also increased, from 37% last week to 38% this week. Traditional (ie non-distressed) properties experienced similar changes, with the number of properties on the market increasing from 66 to 67 and the percentage of pending escrows increasing from 31% to 32%.  Although the number of active listings increased, the percentage of pending escrows has pretty much recovered from the dip we saw last week.

Interest rates are remaining stable, though some banks posted a slight increase. Even so, rates are so low that buyers who are contemplating purchasing are being lured into acting by the historically low interest.

Almaden Valley Real Estate Market Update – September 26, 2011

The Almaden Valley real estate market continued its post-summer improvement. The total number of single family residences that are currently for sale dropped from 83 last week to 77 this week, and the percentage of homes under contract remained at 38%. The number of traditional (ie non-distressed) homes that are on the market decreased from 76 last week to 68 this week, and the percentage under contract increased from 31% to 33%.

As we approach the holiday season, we anticipate that the number of homes put on the market will drop somewhat. However, the number that I concentrate most on is the percentage of homes that are under contract. This number indicates whether inventory is in over supply, under supply, or balance . Generally speaking, the larger the percentage is, the healthier the market.

Therese Swan Launches Tool for Searching Almaden Valley Real Estate by School and/or 2011 API School Scores

graphic: Search by School and API ScoreTherese Swan, Almaden Valley’s #1 Realtor, has just released a new tool to help Almaden home buyers find the home of their dreams. Buyers can now search Almaden Valley Real Estate by School and/or 2011 API School Scores!

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Almaden Valley Real Estate Market Update – September 12, 2011

We experienced another week of slow but steady improvement of the Almaden Valley real estate market. The number of available homes remained steady at 85, but the number of pending listings increased from 35% to 36%. Traditional (ie non-distressed) sales showed similar activity, with available properties remaining at 79 and pending listings showing an increase from 26% to 28%. Mortgage rates remain at historic lows, and buyers appear to be taking advantage of this fact.

Check Out the Local Businesses that Make AccessAlmaden Possible

Our readers know AccessAlmaden as the top resource for what’s happening in Almaden Valley. Our sponsors know us as that too. Occasionally we like to spotlight our sponsors to our readers, and let them know a little more about who they are and what they do. The best way you can say thanks to the local businesses that make AccessAlmaden possible is by using, and spreading the word about, their products and/or services.

Therese Swan - Almaden Valley Real Estate AgentTherese Swan is a Realtor with Alain Pinel Realtors, and specializes in Almaden Valley real estate. Therese is the #1 Real Estate Agent for Almaden Valley in 2009, 2010, and the first half of 2011. This ranking is based on both the total number of homes sold and total dollar volume when measured by agent. 

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Almaden Valley Real Estate Market Update – August 15, 2011

The number of available single family properties continued the decline we first noted in late June, from 99 last week to 98 this week. However, this last week saw a decrease in the percentage of pending listings, from 39% last week to 33% this week. Researching this further, we saw a decrease in the number of new pendings this past week accompanied by a dramatic increase in the number of properties that completed the sales process. We’ve observed the same pattern in traditional (ie non-distressed) sales; available single family listings dropped from 92 last week to 90 this week, and the percentage of listings under contract dropped from 30% to 24%.   Many families are squeezing in the last days of summer vacation before their kids go back to school.   Plus there may be a few jitters with the volatility of the stock market in recent weeks. As is typical with the Almaden market, we expect the market to start picking up again soon once kids are settled back in school.  Interest rates are at record lows and buyers want to take advantage of that.

Almaden Valley Real Estate Market Updates – New on AccessAlmaden!

Therese Swan - Almaden Valley Real EstateWe are pleased to announce that Therese Swan’s Almaden Valley Real Estate Market Updates are now available in AccessAlmaden’s syndicated feed (RSS) and weekly newsletter.

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.

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Therese Swan, Almaden Valley Realtor, Sponsors AccessAlmaden

photo: Therese Swan

We’d like to take a moment to welcome and thank Therese Swan as a new Sponsor of AccessAlmaden.

Therese is a Realtor with Alain Pinel Realtors, and is focused on Almaden Valley real estate. You may recognize Therese’s name through her ongoing involvement in the Almaden Valley community, as well as her numerous Almaden listings and sales.

According to Multiple Listing Service data, Therese is the #1 Real Estate Agent for Almaden Valley in 2009 and 2010 for both total number of homes sold as well as total dollar volume.

Therese’s unique mix of sales and analytical abilities, proven market tenure, and personal brand recognition in Almaden Valley gives her clients a distinct advantage and positive experience when buying and selling their homes in the area.

For the past two years Therese has made generous donations to a number of Almaden Valley elementary schools. She supports Williams Elementary School by promoting its Annual Crab and Pasta Feed, which is the school’s biggest fundraising event of the year. She also makes contributions to our community through sponsorships of the Williams Wins Foundation, Graystone Spring Celebration, and Almaden Country School Yearbook.

Prior to becoming involved in real estate, Therese worked in the high tech industry, starting as a programmer and eventually growing into a top sales performer for both software and high-end business and technology consulting services. She leverages both her technology background and vast network of contacts when marketing and selling Almaden Valley homes for her clients.

logo: Therese Swan

Therese’s personal network extends beyond Almaden Valley and greater Bay Area to an international audience of potential home buyers and sellers through the leading real estate companies of the world and Alain Pinel’s own luxury home division, Luxury Portfolio. In fact, just this month she consummated a deal with buyers from overseas on one of her high-end listings.

Contact Therese today if you plan to buy or sell a home in Almaden Valley or the surrounding area. You can reach her at 408-656-8240 or tswan@apr.com, or go to her website at www.AlmadenValleyRealEstate.com.

As a Sponsor of AccessAlmaden, Therese helps make it possible for residents of our community to easily learn about all of the fun and interesting events and activities happening in Almaden Valley.