October 2014 Market Update

Almaden Valley real estate continues to strongly favor sellers despite being in the midst of the seasonal slowdown. Although the number of sold single family homes in October 2014 (16) is down significantly from October 2013 (28), the average price per square foot has increased over 9% over the same time period ($507 versus $459.) This price increase indicates that buyers continue to be bullish on Almaden Valley single family homes.

Although many buyers and sellers choose to postpone entering the real estate market during the holidays, now can be the perfect time to market a home. With many sellers pulling their homes from the market this time of year and many more deferring offering their homes for sale, the decreasing competition for buyers can work out to a seller’s advantage. If you are thinking about selling your Almaden Valley home, give me a call or send me an email and let me show you how I can help sell your home!

10-14 market update