Almaden Valley Real Estate Market Update – October 24, 2011

This past week saw a slight improvement in the Almaden Valley real estate market from the previous week. The total number of single family homes currently for sale decreased from 80 to 77, while the percentage of properties that are under contract increased slightly, from 35% to 36%. The number of traditional (ie non-distressed) single family homes currently for sale dropped from 71 to 68, and the number under contract remained at the 30% we saw last week.

Interest rates from some banks edged upward slightly, but still remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.