Almaden Valley Real Estate Market Update for February 6, 2012

Buyers were active in Almaden Valley real estate last week. The number of single family homes for sale dropped from 61 last week to 54 this week, while the percentage of listings that are under contract increased from 31% to 40% over the same timeframe.

Traditional (i.e., non-distressed) single family homes experienced similar activity, dropping from 52 for sale last week to 45 this week, and the percentage under contract increased from 22% to 35% over the same timeframe.

With positive economic news this past week and historically low mortgage interest rates, it’s no wonder there is renewed interest in real estate!

We are in a unique time where both buyers and sellers can benefit. Buyer interest is high, likely due in large part to the attractive mortgage rates. Sellers who put their homes on the market are finding a healthy pool of willing buyers.

Give me a call so we can discuss how you can take advantage of our unique market!