December 2016 Almaden Valley Real Estate Market Update… Almaden Valley real estate ended 2016 quietly, as inventory declined due to the holidays.
The number of single family homes offered for sale was down over 31% from December 2015, and the number that sold during the month was down 28% from the same time last year. However, the number of pending sales was up over 15%, a likely reflection of earlier market conditions when inventory was more robust.
When we factor in that price per square foot jumped significantly from November 2016 (from $564 to $617) and posted a healthy increase from $545 in December 2015, the Almaden Valley real estate market shows signs that there still is great interest from buyers.
Give me a call when you’re ready to sell!