March Almaden Valley Market Update

The Almaden Valley real estate market is continuing to warm up after the winter season slowdown in its usual, predictable pattern. Although the number of available and sold single family listings are lower than they were this time last year, the number of pending sales is significantly higher. The average price per square foot ($511) in February 2014 is the highest we’ve seen it in several years. This combined with the higher pending sales indicates pent-up demand that built up during the winter slow-down.