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Almaden Valley Real Estate Market Update – July 11, 2011

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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.

Almaden Valley Real Estate Market Update – July 5, 2011

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The beginning of July saw the number of available single family homes descrease from 117 last week to 115 this week, while the percentage of listings in escrow dropped from 31% to 30%. Traditional (non distressed) properties saw a slight increase, from 20% to 21%. Even though it was 4th of July weekend, my open house on Fleetwood was very busy. We got it sold early this week. For previous market updates, go to www.AlmadenValleyRealEstate.com

Almaden Valley Real Estate Market Update – June 20, 2011

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As of Monday, June 20, there are 118 single family properties currently available in Almaden Valley, an increase of 6 from last Monday. The percentage of single family listings in escrow dropped from 35% last Monday to 34% this Monday.

For traditional sales (non-distressed properties), the drop was from 27% to 24%. This continues the normal seasonal trend we touched on last week; we anticipate that home sales drop in the summer.

All that being said, my open house on Fleetwood last weekend was non-stop traffic. Buyers are still out there trying to catch interest rates before they go up. And good homes that are priced right are still very attractive.

Almaden Valley Market Update for June 13, 2011

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As of Monday, June 13, there are 112 single family properties currently available in Almaden Valley, and increase of 8 from last Monday. The percentage of single family listings in escrow dropped from 39% last Monday to 35% today. For traditional sales (non-distressed properties), the drop was from 31% to 27%.

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.

May 2011 Trendgraphix

APR Ranked #6 in the Nation – 2 years in a row!

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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.

 

March/April 2011 Almaden Valley Market Update

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We recently completed a very strong first quarter of 2011, with total sales volume up 29% over 2010. This also marks the best first quarter we have had since 2007.
In comparison to the broader Q1 2011 Bay Area residential environment, APR outperformed the market. Our results were very favorable and show us continuing to increase our market share, per Trendgraphix. In aggregate, comparing Q1 2011 vs. Q1 2010, on closed units, APR was up 23%, while the Bay Area market (6 counties) was up only 1%. APR also dominates average sales price in comparison to the market average.

 

March/April

December 2010 Almaden Valley Market Update

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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.

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