Almaden Valley Real Estate Market Update – July 25, 2011
We continued to see the expected gradual improvement of the market from the summer lows, though this week wasn’t quite as robust as the previous few have been. The total number of active single family listings remained the same at 106. The percentage of listings that are under contract increased from 35% last week to 36% this week. Active traditional (non-distressed) listings increases slightly but the percentage under contract also increased from 25% last week to 27% this Monday.
At open houses this weekend, there was clearly a last minute rush to get families settled in new homes before school starts. My listing at 6742 Elwood Rd had non-stop traffic both days. Incredible home with amazing back yard including pool, spa, bocce ball court, outdoor ktchen, outdoor patio and koi pond.
Almaden Valley Real Estate Market Update – July 18, 2011
The trend we noted last week continued through this Monday. The total number of available listings dropped for the fourth consecutive week, from 111 last Monday to 106 today. Listings that are under contract increased from 32% last week to 35% this week. The number of traditional (ie non-distressed) listings dropped slightly, from 97 last week to 96 this week while the percentage of listings under contract increased from 29% to 32%. We may have seen the bottom of the annual summer doldrums for the Almaden Valley real estate market and are heading back up.
Almaden Valley Real Estate Market Update – July 11, 2011
The second week of July starts out seeing the continuing decrease in available listings from last week; 111 this Monday compared to 115 last week.This is the fourth week of decreasing inventory, from a high of 118 on 6/20/11. The percentage of listings in escrow, on the other hand, has continued the increase we saw last week; 32% this Monday versus 30% last week. Traditional (non distressed) listings followed similar trends, with the percentage of listings in escrow increasing from 21% last week to 23% this week. Although it is too early to tell if the market is beginning its anticipated recovery from the annual summer doldrums, there is a strong indication that the seasonal market lag is ending. I sold two of my listings in the past two weeks and open house traffic this weekend has picked up.
