September 2016 Almaden Valley Real Estate Market Update
September 2016 Almaden Valley real estate market update… Market data for Almaden Valley real estate indicates that we are experiencing our seasonal cooling. The number of single family homes on the market, under contract and sold has decreased from August to September in the normal, predictable pattern we see during the fall/winter holidays.
When we compare September 2016 with September 2015, we see a couple notable details. Although the number of homes offered for sale remained virtual unchanged from last year, the number of homes under contract is up a whopping 68.4%, from 19 a year ago to 32 last month. This number is likely due in large part to the dramatic upswing we saw last month in homes that went under contract as well as the number of sales.
The price per square foot for Almaden Valley single family homes edged downward a little over 1% from August and is down about 2% from the previous year. Although this might sound concerning, it is most likely nothing more than the dance of supply and demand. Up until spring of this year, buyers dominated the market for a long time due to the relative scarcity of homes offered for sale, driving up home prices as buyers competed to buy. Around April 2016, we saw a sudden increase in the number of homes offered for sale, which peaked in July. This sudden influx of inventory swung the proverbial pendulum from favoring sellers due to low inventory, to favoring buyers who now had a much larger pool of possible homes to purchase and create downward pressure of price.
Although buyers and sellers tend to withdraw from the market during the holiday season (which is why we see a cooling trend this time of year), this can be a perfect time to purchase a home. Competition is less keen and prices are attractive. If you are thinking about purchasing a home in Almaden Valley, contact me and let me show you how I can help make your dream home a reality.


Get ready for a Haunted Hoedown right here in Almaden Valley!
Would you like to enjoy a night out in Almaden filled with good food, music, dancing and fun-filled casino gaming? Then join your friends and neighbors at the Almaden Community Center this weekend!
What does the term ‘pay it forward’ mean? It means if you have benefitted from a philanthropic act, you repay by helping another person in need instead of the one who was originally kind to you. In other words, instead of paying back, you pay it forward. In Almaden, a group of altruistic high schoolers are doing just that with ‘Pay It Forward Tutoring’.
Summer is over and school is officially in session! Here are some back-to-school tips to ensure that your child’s school year proceeds smoothly.
Mark your calendars for this year’s New Almaden Day Jump-In Parade! The event will take place on Saturday, Sept. 10th in celebration of the 36th Annual New Almaden Day. The parade will begin at the New Almaden Community House on Bertram Road at 11am. The route will continue along Bertram Road and through the intersection of Almaden Road. Arrive early and get a parking spot at the Hacienda entrance to Almaden Quicksilver County Park, because the streets will be busy and parking will be tough. The parade will feature convertibles, antique cars, floats, equestrians and more. After the parade, awards will be presented for the “Best of Show” and a barbecue will start right after. There will also be live music, kids games, a raffle, a cake walk, and a bake sale. Come join
It’s that time of year again in the Almaden Valley! The 40th Annual Almaden Valley Art & Wine Festival 2016 will be held on Sunday, September 11, at Almaden Lake Park from 10am to 6pm. This year the community celebrates a milestone of four full decades of sponsoring the festival, which hosts over 90 vendor booths including a number of local artists and craftspersons selling their paintings, jewelry, sculptures, and much more.
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