September Market Update

Almaden Valley real estate continued the annual holiday cooling trend in September, although we did see a bit of an upswing in the number of single family homes in pending status (ie had accepted offers.) When we compare September 2014 with September 2013, we see that the number of single family homes for sale and those that have sold have dropped significantly from the same time last year yet the number of homes that are pending has remained virtually the same. This indicates that Almaden Valley real estate is still in demand despite the drop in inventory. The average price has reached a high point of about $550/sq. ft. which merely supports the fact that buyers are still bullish about homes here.

Although many sellers think that the real estate market softens during the holidays, numbers indicate that buyers are actively looking for homes this time of the year. It could actually be in a home seller’s best interest to market their homes NOW, when other home sellers are taking their homes off the market or deferring sales until the holiday season are over. Fewer homes on the market mean less competition for hungry buyers.

If you are thinking about selling your home, give me a call or send me a message and let me show you how I can help you take advantage of this special time of the year!