Almaden Valley Real Estate Market Update for August 20, 2012

The gradual increase in available single family homes continues in the Almaden Valley real estate market, although overall things have remained fairly much the same over the past few weeks.

The number of homes on the market increased from 69 last week to 70 this week, while the percentage of total listings that are under contract remains at 45% for the third week. The number of distressed properties (i.e., foreclosure, short sale, and auction) has been slowly but steadily dropping.

The unique challenges of this market present opportunities for both buyers and sellers. Give me a call and let me explain how I can help you take advantage of the market!