Almaden Valley Real Estate Market Update – September 6, 2011

The overall Almaden Valley real estate market continues its gradual improvement. The number of available properties dropped quite a bit, from 96 to 85 over the past week, while the number of pending listings increased from 33% to 35%. Active traditional (ie non-distressed) listings dropped from 89 last Monday to 79 this Monday, while the percentage under contract remained at 26%. Although it is impossible to say what caused the number of available properties to drop, it is quite likely that this past holiday weekend, the last hurrah of the summer season, played a role.