Almaden Valley Real Estate Market Update – July 18, 2011

The trend we noted last week continued through this Monday. The total number of available listings dropped for the fourth consecutive week, from 111 last Monday to 106 today. Listings that are under contract increased from 32% last week to 35% this week. The number of traditional (ie non-distressed) listings dropped slightly, from 97 last week to 96 this week while the percentage of listings under contract increased from 29% to 32%. We may have seen the bottom of the annual summer doldrums for the Almaden Valley real estate market and are heading back up.