If you are looking for a fun event with holiday shopping possibilities, mark your calendar for the Almaden Community Center’s 5th Annual Harvest Festival and Holiday Boutique on October 22nd. The fun starts at 11am, with haunted houses, costume parades, a holiday boutique and more! For more information contact the Almaden Community Center.
Put on your best costume and join Silicon Valley Cares for the Silicon Valley Broomstick Ball on Saturday, October 22, 2011. Enjoy dinner and dancing, a silent auction and a casino at this fundraising event. For more information visit www.siliconvalleycares.com/
The Almaden Valley real estate market continued its post-summer improvement. The total number of single family residences that are currently for sale dropped from 83 last week to 77 this week, and the percentage of homes under contract remained at 38%. The number of traditional (ie non-distressed) homes that are on the market decreased from 76 last week to 68 this week, and the percentage under contract increased from 31% to 33%.
As we approach the holiday season, we anticipate that the number of homes put on the market will drop somewhat. However, the number that I concentrate most on is the percentage of homes that are under contract. This number indicates whether inventory is in over supply, under supply, or balance . Generally speaking, the larger the percentage is, the healthier the market.
We saw a definite improvement between last week’s report and this week’s. The number of available homes in Almaden Valley decreased from 85 last week to 83 this week. In addition, the number of homes that are now under contract increased significantly, from 35% to 38%. Traditional (ie non-distressed) listings posted even better numbers; available homes decreased from 79 to 76, and the percentage under contract increased from 26% to 31%.
Interest rates have remained low, school is back in session and buyers are now back on the market after summer vacations. Open house traffic over the weekend was moderate. The Almaden Art and Wine Festival may have taken some of the traffic. But homes are still selling!! I now have 29 closed sales for 2011 as well as 7 pending!
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Therese Swan, Almaden Valley’s #1 Realtor, has just released a new tool to help Almaden home buyers find the home of their dreams. Buyers can now search Almaden Valley Real Estate by School and/or 2011 API School Scores!
UPDATE: Therese has since enhanced her website with the following pages that provide even more comprehensive tools to achieve your goals:
Attend a free performance by musician Cliff Winnig at the Almaden Branch Library on October 1. Learn about this unique instrument as well as enjoying the music played by this accomplished artist. For more information visit http://www.sjpl.org/almaden
Join Almaden Senior Center for a cruise aboard the USS Potomac. USS Potomac served as Franklin Delano Roosevelt’s Presidential Yacht from 1936 until his death in 1945. It was known as F.D.R.’S “Floating White House.”
We experienced another week of slow but steady improvement of the Almaden Valley real estate market. The number of available homes remained steady at 85, but the number of pending listings increased from 35% to 36%. Traditional (ie non-distressed) sales showed similar activity, with available properties remaining at 79 and pending listings showing an increase from 26% to 28%. Mortgage rates remain at historic lows, and buyers appear to be taking advantage of this fact.
Los Alamitos Elementary School is holding its Walk-a-Thon and Silent Auction. This is the major fundraiser of the year for Los Alamitos.
The Walk-a-Thon and Silent Auction raise funds for Los Alamitos and the programs supported by its PTA, including the school’s S.M.A.R.T. programs (Science, Music, Art, Reading Lab, and Technology).
