Almaden Valley Real Estate Market Update for May 7, 2012

Almaden Valley Real Estate Market Update

Almaden Valley Real Estate Market Update

The number of Almaden Valley homes for sale increased slightly, from 58 last Monday to 61 this Monday. The percentage of homes under contract decreased from 50% to 46% over the same time frame. The number of distressed Almaden Valley properties (auction, bank owned, and foreclosures) decreased slightly. Overall things have remained fairly much the same.

This time last year, there were around 100 homes for sale in Almaden Valley with around 40% under contract. This shows that buyer interest is there but the sellers simply aren’t putting their homes on the market.

Although buyers appear eager to take advantage of the historically low mortgage rates, they are finding a fairly small selection of homes to choose from. This can be a great advantage to sellers.

If you’d like to learn more how you can take advantage of the market here in Almaden Valley as a buyer and/or seller, give me a call and let’s talk!