January 2017 Almaden Valley Real Estate Market Update
January 2017 Almaden Valley Real Estate Market Update…
The January statistics for Almaden Valley real estate show that the market volume is experiencing a healthy post-holiday upswing.
The number of new single family home listings on the market almost doubled from December according to Trendgraphix, and the number of such homes that went under contract increased by 20%.
Compared to the same time last year, the number of new single family homes that were for sale increased almost 10%, the number under contract are up a dramatic 200% and the number of sold listings is up over 8%.
If you are thinking about buying or selling a home, give me a call and I’ll show you how to make the most of the current Almaden Valley real estate market!
December 2016 Almaden Valley Real Estate Market Update
December 2016 Almaden Valley Real Estate Market Update… Almaden Valley real estate ended 2016 quietly, as inventory declined due to the holidays.
The number of single family homes offered for sale was down over 31% from December 2015, and the number that sold during the month was down 28% from the same time last year. However, the number of pending sales was up over 15%, a likely reflection of earlier market conditions when inventory was more robust.
When we factor in that price per square foot jumped significantly from November 2016 (from $564 to $617) and posted a healthy increase from $545 in December 2015, the Almaden Valley real estate market shows signs that there still is great interest from buyers.
Give me a call when you’re ready to sell!
November 2016 Almaden Valley Real Estate Market Update
November 2016 Almaden Valley Real Estate Market Update… 2016 winds down, so does Almaden Valley real estate. As we expected, November sales data for single family homes dropped from October. The number of listings offered dropped from 32 in October to 29 last month, while the number of listings that went under contract dropped from 28 to 19 during the same period.
Compared to the same time last year, November 2016 ended on a high note. The number of listings offered increased from 26 in 2015, while the number of homes that sold posted a dramatic 31.6% increase from November 2015, when there were 19 sales as compared to 25 sales in 2016.
Price per square foot increased from October to November 2016, going from $548 to $564, although it was below the $585 from November 2015.
Overall, the Almaden Valley real estate market is experiencing a predictable seasonal fluctuation that I expect will last into the New Year. However, if you are planning to purchase a home in the near future, now is a great time to take that step. Inventory is good and the market has slowed enough that buyers have a good chance of making a deal. If you are planning on making a purchase, contact me and let me show you how you can get the best deal!
