The Almaden Valley real estate market traditionally slows down for the summer, and this mild decrease is in line with historic trends. Additionally, my open houses this weekend were a little bit slow, in part due to all the graduations going on.
Just announced by REAL Trends, Alain Pinel Realtors has held onto our #6 national ranking, for a second year, with nearly $6.8 billion in closed sales volume for 2010 – leaving us only $200 million away from the #5 position. We are also still the #1 residential real estate firm in California.
The REAL Trends 500 is an annual research report which identifies the countrys largest and most successful residential real estate firms as ranked by closed transaction sides and separately by closed sales volume. This report represents the most trusted standard of measuring the performance of the nations leading firms.
Almaden Valley has started 2011 with a very low inventory. Interest rates are still incredible. It is a great time to sell your home.
The Almaden market has been improving, even as we move into the holidays. I sold my listing at 7163 Glenview Drive before it even came on the mls. We held it open Thanksgiving weekend and had 15 parties through on Saturday and 20 on Sunday. Also, many sellers have been taking their homes off the market which has helped in reducing inventory.
Below is graph of Almaden Valley market for August 2010 as well as the prior 14 months. As you can see, there is not much change in activity since July However, Actives are up from a year ago at this time and Pending Sales are down.