April Almaden Valley Market Update

Almaden Valley Real Estate single family sales volume dropped from March in an up-and-down pattern that we’ve been seeing this time of year for quite some time. However, the average price per square foot continues a gradual increase. At $519.80/square foot, the average price increased over 5% from March and over 18% from the same time last year.

The number of distressed (ie short sale, auction and bank-owned) has held steady at the same low level for quite some time, indicating that this aspect of Almaden Valley Real Estate has stabilized. Interest rates fluctuate slightly from week to week but have remained fairly stable as well.