March 2021 Almaden Valley Real Estate Market Update

The supply of single family homes in Almaden Valley continues to be incredibly tight, a phenomenon that much of the country is seeing. Many homeowners who might consider moving are hesitating to do so, knowing that they would very likely be facing the exact scenario as a buyer that benefits them as a seller; fierce competition for a limited number of homes offered on the market that often results in bidding wars that increase the purchase price of listings. This well-considered hesitance to sell homes is perhaps the biggest bottleneck we’re seeing in the tight supply of homes. In one Texas market, a Realtor reported receiving over NINETY offers on a listing, with many being cash above list price with no concessions asked of the seller.

There are many factors fueling this unprecedented market. One is a slowdown in new home construction that started during the Great Recession, which not only removed new homes from the market but also resale homes as original owners put their once-new homes on the market. Increasing interest rates are motivating buyers to make purchases sooner rather than later. We are also seeing an increase in the number of younger and first-time home buyers. All these factors are creating an extremely challenging market where the number of homes that have sold has gone down only because there aren’t enough homes offered for sale. Contact me if you’d like more information.

March 2021 Almaden Valley Real Estate

January 2021 Almaden Valley Real Estate Market Update

The last seven months have been quite unusual for Almaden Valley real estate, to say the least. We have seen a less-than-usual winter slow-down as far as sales go, but there has been NOTHING usual about this market. The number of listings offered for sale on the MLS is as low as we’ve seen them in a long while, and they’ve been lagging way behind the numbers of pending and sold listings for the better part of a year. This is most likely due to the fact that a large number of homes are being sold by agents in a “pre-market” manner.

The takeaway we have here is that inventory is critically low. The Almaden Valley real estate market has about .6 months of inventory, and homes are tending to sell for above list price. The average price per square foot has edged up to $751/sqft which may be a market record. It is DEFINITELY a seller’s market. If you are thinking about selling your home, contact me and let me know how I can help get your home sold quickly and for top dollar.

January 2021 Almaden Valley Real Estate

Happy Holidays, Almaden Residents!

Happy Holidays Almaden ResidentsMerry Christmas and Happy Holidays, Almaden residents! This holiday season is like no other, but there is a lot of cheer right here in Almaden. Driving around or walking the streets to view the beautiful neighborhood holiday lights displays have always been a favorite activity for most families. This year too, despite many constraints, some of our wonderful neighbors have outdone themselves to provide safe holiday display viewing experiences to everyone.

Lucas Guazelli, a high school senior, has been putting up his holiday sound and light show for the last six years at 1398 Medallion Drive. The show will run from 5:00 pm to 10:00 pm every night. Says Lucas on his Nextdoor post, “It features 10,000 lights sequenced to music from Star Wars to Frozen 2. Tune into the music via FM radio on your car.” The frequency is displayed at the address.

Raymond Burleigh has his annual holiday lights show up this year, too, at 6367 Vegas Drive. Says Raymond on his Nextdoor post, “Lots of new lights and graphics this year, and an expanded selection of songs to play from the button box.” To hear the music, tune the radio to 88.7 FM in your car. The lights will be on through New Year’s Eve. This year Raymond is also requesting everyone who enjoys the lights to show their appreciation by supporting the American Diabetes Tour de Cure fundraiser at http://main.diabetes.org/goto/rayspage The contributions go to the American Diabetes Association.

So enjoy these and many other beautiful holiday displays from our wonderful neighbors at Almaden. For those driving through the neighborhoods, be sure to check out the holiday lights cheer map on https://nextdoor.com/cheer_map/?is=nav_bar to get the best out of your tour.

Let’s all stay safe, happy and healthy while enjoying the holidays and ringing in the new year.

October 2020 Almaden Valley Real Estate Market Update

The Almaden Valley real estate market has been on a wild ride since summer. From June on, we’ve seen an almost manic pace in home sales, with a sustained high number of sold homes that we haven’t seen any time in the past two years. The number of homes coming on the market has been outpaced by the number sold for the past several months as well, setting us up for some pretty spirited competition among buyers for the available inventory. We can see this happening when we look at the average sold price, which has reached new highs this month as well.

2020 thus far has also been unpredictable insofar as the pandemic and its surprising effect of bolstering the market. Generally speaking, we expect to see the Almaden Valley real estate market quiet down from summertime highs as we slip into the holiday season, but we aren’t seeing that this year. It’s an unusual market, that is for sure, and one where sellers are definitely seeing some satisfaction. If you are thinking about selling your home, now is a good time to put it on the market. Let me show you how I can help you take advantage of this unique market!

October 2020 Almaden Valley Real EstateOctober 2020 Almaden Valley Real Estate

Halloween 2020 in Almaden Valley

Halloween 2020 in Almaden Valley Happy Halloween, Almaden residents! Even with a very challenging year with the pandemic, I am happy and excited to see that the celebratory spirit among our neighbors at Almaden is undaunted. Here’s how Halloween 2020 in Almaden Valley is being celebrated, with a spooky twist to the story.

Enthusiastic residents from various neighborhoods of Almaden are buzzing with ideas about how to enjoy Halloween safely, following all social distancing norms and Santa Clara County health guidelines (see country health guidelines for Halloween and Diá de los Muertos here: www.sccgov.org/cv19halloween). Simon Aslanpour, a resident of the Almaden Mockingbird neighborhood says in his Nextdoor post, “We are not going to take away the tradition of trick or treating in the neighborhood this year because of this pandemic. We will do it safely and follow the guidelines of Santa Clara county.”

Others like Michael Harding of Almaden Williams will have a “candy chute and skeleton arms for 6ft of social distance and extra Halloween fun” between 6 and 8 pm tonight. In the Glenview Serenity neighborhood, Michelle Watanabe says, “The ‘Disney House’ on Bret Harte Drive near Graystone Elementary School will be open as well. We will have one direction foot traffic, social distancing, masks and sanitized candy bags for the kids to pick up. The theme this year is Tangled so nothing scary for the little ones.” Many other residents are also offering bagged candy.

One of the most popular haunted house displays in Almaden attracting huge crowds has been the Haunted Graveyard on Little Falls Drive. Don McNally, who has been painstakingly hosting this for years, writes that he “did not want to ‘cancel’ the Halloween spirit, especially given these stressful times.” To adhere to social distancing norms, he will have an all projection/hologram display this year, “with the same intent to delight 5-year-old’s and terrify ‘kids’ over 35!”

The other street attracting huge crowds normally is Chateau Drive, which will be a bit low key this year. Janice LaVelle, writes of how she started her scary “haunted front yard” tradition 30 years ago for their own children. “The spirit soon caught quickly on Chateau, making our street the ‘BOO’ street for decades,” she writes. Micki Karrer, another resident of Chateau Drive, has been serving beverages to adult trick-or-treaters for years. This year, however, they are staying away from displays to keep everyone safe.

For those of you who intend to drive through Almaden’s neighborhoods tonight, there will still be jack-o-lantern displays and haunted yard decors to admire. Check out the Nextdoor treat map for Almaden Halloween 2020 here: https://nextdoor.com/treat_map/ for exact locations.

September 2020 Almaden Valley Real Estate Market Update

The Almaden Valley real estate market ended September in an upswing. Generally speaking, we expect to see the market cool a bit as the holiday season approaches, but last month logged a slight upswing in average sale price and just a very minor decrease in the number of homes sold (one, to be exact.) As the number of available listings to sales shows, our market is experiencing a keen shortage of inventory the likes of which we haven’t seen since mid-2018. With mortgage rates at rock-bottom, buyers seem undeterred by the pandemic and now is a great time to put a home on the market to take advantage of the low inventory. If you are thinking about selling, contact me and let me show you how I can help you make the best deal in our unprecedented market!

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Almaden Valley History: Pierce Ranch Neighborhood

Pierce Ranch The Pierce Ranch neighborhood in Almaden Valley is flanked by Camden Avenue to its north, McAbee Road to its east, and the verdant green expanse of the Almaden Quicksilver County Park to its south. It developed into a beautiful residential neighborhood in the mid 1970s.

Like much of Almaden, the Pierce Ranch neighborhood has an interesting history dating back to the 1930s. Back then, the land – about 250 acres of it – belonged to Dr. Mark Hopkins, a San Jose based physician. Hopkins, a hunting and riding enthusiast, used his country estate as a base for his hunting trips and a home for his horses.

Tony Pierce, the person after whom the neighborhood came to be named, was a young farmer and a patient of Dr. Hopkins. Pierce and his wife, Mary, saw in the land a potential for dairy farming. They acquired the land, and in 1947, began a dairy farm. They developed a commercial herd, which grew to about 600 cattle heads at the peak of the operations, added barns, homes for themselves and their dairy workers on the land.

The Pierce Ranch dairy operations flourished till 1974. By then, the demand for residential land grew in San Jose and the Pierce Ranch’s land was subdivided and sold for housing development.

For more information, listen to Joe and Teresa Pierce talk about the history of Pierce Ridge and visit http://onlineexhibits.historysanjose.org/neighborhoods/pierce/index.html

July 2020 Almaden Valley Real Estate Market Update

Almaden Valley real estate continued to be a seller’s market through July, continuing the overall trend this year of scant supply compared to demand. We had 47 active listings and 44 sales in the MLS for July, up slightly from the 45 active listings and 39 sales from June. But we can see how dramatic the market shift has been when looking at July 2019 stats, when we had 95 active listings and 37 sales.

Although the average price per square foot has not varied as wildly as the sales data, we’ve been seeing an increase in this metric over the past few months as well, where it ended at $714/sqft for July 2020 versus $640 the previous month and $643 the same time last year.

In short, sellers are firmly in control right now and a well-priced listing garners a lot of attention from eager buyers frustrated by low inventory. If you are thinking about selling your home, let me show you how you can get the best price and the quickest sale!

June 2020 Almaden Valley Real Estate Market Update

As the COVID-19 issue pushes on, Almaden Valley real estate has proven to be resilient if not thriving. When we look at trends over the previous six months, the number of sales is not as high as we’ve seen in past summers, but the market definitely did not stall. Although the total number of sales were down, the number of homes offered for sale was down as well. The telling tale on this situation is the average days to sell, which dropped dramatically as summer approached. This is a good indication that buyer interest in the available inventory was high. Our prices are being held up by a combination of extremely low inventory and very, very low interest rates.

The average home price stumbled briefly when the pandemic was first announced, but recovered quickly. We’ve seen the Almaden Valley real estate market switch back and forth between being a buyer’s market and a seller’s market, but it has remained incredibly stable given the current events. If you have any questions or are ready to make a move, give me a call!

 

DIY Garden Projects for the Long Weekend

DIY Garden ProjectsThinking about DIY garden projects for the Memorial Day weekend? Spring gardening is a favorite recreational activity for many of us, and though we are still sheltering-in-place, there are a lot of cool backyard DIY garden projects we can do while enjoying this beautiful weather.

Raised garden beds

Raised garden beds are great for growing seasonal vegetables and herbs. These can be made with bricks if you have any left around the yard or with untreated, but rot-resistant wood. Raised bed kits can also be ordered online. Place them at a location where they get at least six hours of sunlight. Here is a good resource for DIY garden beds.

Bird houses

Bird houses in the backyard are a nice way to attract small birds like robin, bluebird, wren, sparrow, and swallow. Bird houses also help some bird species thrive by providing a safe shelter from other predators. Find out more about placing bird houses here.

Arbors and trellises

Arbors and trellises make a beautiful feature for any backyard or front yard. Arbors create an inviting entrance and can highlight a special part of your garden. Trellises can offer support to pretty flowering creepers or vegetable plants. Learn more about how to install garden arbors and trellises here.