August Market Update
If historic trends are any indication, Almaden Valley real estate is entering the holiday season right on time. Generally speaking, August/September sees the number of homes on the market and under contract drop until they bottom out in around December. In looking at data over the last several years, it looks like we’re right on time.
When studying the market over the last two years, one thing that stands out is that the number of homes on the market has dropped significantly, but the number that have sold has remained fairly stable as the graph demonstrates. The first week of September 2012 saw 59 single family homes for sale in the MLS. The same time in 2013 saw 42 homes, and this week there were 30. 35 single family homes had sold in August 2012, 54 in August 2013 and 39 last month.
Although we are entering the traditionally slower-paced holiday season, buyers are still eager to purchase. Now is an excellent time for sellers to put their homes on the market. Since the trend is for home owners to wait until the post-holiday season upswing to list their homes, those who do so now will face less competition for buyers.
If you would like to know how you can take advantage of the unique nature of Almaden Valley real estate, contact me and let me show you how I can help!