May 2019 Almaden Valley Real Estate Market Update

Things have slowed down a bit.

Almaden Valley residential real estate continues to show transition to a buyer’s market. The number of active single family home listings increased almost 24% from April 2019 and a whopping almost 81% from the same time last year. Meanwhile, the number of homes that closed sale during May 2019 decreased by over 34% since April and over 45% since the same time last year. The average price per square foot retracted about 4% from April and a bit over 7% since the same time last year.

Overall, indicators would seem to show that the Almaden Valley real estate market has cooled from its relatively long run of growth. From my personal experience, homes that are staged well and competitively priced are still selling quickly. Agents need to be pro-active; marketing has become vital.

If you are thinking about selling your home, contact me and let me show how I can make your home stand out in our changing market. Additionally, Compass can front the money for upgrades until close of escrow with no interest.