Almaden Valley Real Estate Market Update for June 11, 2012

Almaden Valley real estate showed a slight increase last week, but not really enough to say there was much of a change.

We saw an increase in active listings from 65 to 69 single family homes. The number of pending listings dropped from 46% to 45%.

The number of distressed (i.e., foreclosure, short sale, and auction) properties has been increasing slightly and have been coming on the market over the past several weeks.

These changes aren’t really significant enough to make a prediction of what will happen on the market in the future, but buyers are still eagerly snapping up listings, creating a market that favors sellers.

If you’d like to take advantage of this seller’s market, give me a call!