April 2018 Almaden Valley Real Estate Market Update
April 2018 Almaden Valley real estate market statistics indicate we are entering the summer peak season. The number of single family homes on the market increased almost 61% from March to April, and sales increased by 56% during the same time period. Although the price per square foot dropped about 3.5% from March to April, this is also a trend we tend to see as we enter summer.
Homes for sale in April 2018: 37 units
- Up 60.9% compared to last month
- Up 8.8% compared to last year
Homes closed in April 2018: 39 units
- Up 56% compared to last month
- Up 5.4% compared to last year
If you’d like more information about current market trends or are thinking about buying or selling a home in the Almaden Valley, give me a call!
January 2018 Almaden Valley Real Estate Market Update
January 2018 Almaden Valley Real Estate Market Update… January’s data for Almaden Valley real estate is showing the effects of tight inventory. The number of single family homes on the market in January remained virtually unchanged from the previous month: 10 versus 9. The number of sales dropped during the same time period, from 22 in December to 15 in January. This drop is a direct effect of the incredibly low inventory of single family homes that we’ve been experiencing. The price per square foot edged up from $671 to $672, a further indication that the usual cooling of interest we see during the holiday season didn’t really happen this year.
Buyers are clamoring for Almaden Valley homes, as is evidenced by the fact that area homes often experience multiple offers within a short time of being put on the market. It is an excellent time to be a seller in Almaden Valley. For more information on how you can take advantage of our hot market, call, text or email me.
December 2017 Almaden Valley Real Estate Market Update
December 2017 Almaden Valley Real Estate Market Update… 2017 ended on a high note for Almaden Valley real estate. The inventory of single family homes has been tight all throughout 2017, and our December numbers demonstrate the general trend we saw this past year: low inventory and brisk sales. Of course, we expect to see activity drop to yearly lows in December due to the holidays, and 2017 was no different. The number of homes offered on the market dropped dramatically as the last month of the year rolled past, from 15 in November to 9 in December. The number of homes that sold dropped from 25 to 21 and the number under contract from 23 to 18 during the same time frame.
However, when we compare December 2017 with December 2016, we get a pretty good indication of just how active the market was last year. There were over 18% more homes for sale in 2016, yet the number of single family homes under contract was 20% higher this past year, and the number sold was over 10% higher. Less inventory plus higher sales is a pretty solid indicator that Almaden Valley real estate remains in a strong seller’s market, which generally translates into stable to increasing prices. And, this is indeed what has played out. December price per square foot was $670, a whopping $74 higher than November’s $586 and a decidedly healthy increase over the $614 we saw December 2016. In fact, December’s price per square foot is the highest we’ve seen it in over five years.
Is the timing right for you? Give me a call!
