Archive for category: Almaden Real Estate

Almaden Valley real estate continues to be a strong seller’s market. The surge in inventory of single family homes that we saw the beginning of June has all but evaporated, although it has increased slightly from last week. We’ve been experiencing a shortage of inventory for the better part of two years, which could explain why there is so much pent-up demand from buyers. Homes continue to sell at a brisk rate; the average days on market for Almaden Valley single family homes was 20 days in July. The average days on market in July 2013 was 23, but in July 2009 it was a 72 days, a stunning difference when compared to our recent market activity!

The average price per square foot withdrew somewhat in July, dropping slightly below levels to $521 from a high of $538 in June. Although we DID see a decrease, the overall trend is upward, and it is common to see months of increase followed by months of slight downward pressure.

Almaden Valley real estate is definitely a seller’s market. The number of single family homes put on the market increased from April 2014, but buyer demand rose to the occasion, and the number of homes with accepted contracts also increased. The average price per square foot has edged upwards as well, from $519/sq.ft. in April to $527/sq.ft. in May. Inventory is incredibly tight; with current buyer activity, there is just about one month’s worth of homes to meet the demand.

Increasing prices plus scarce inventory means that now is a GREAT time to put your Almaden Valley home on the market. If you would like additional information on how I can help you take advantage of this incredible market, give me a call or send me an email.

The Almaden Valley real estate market is continuing to warm up after the winter season slowdown in its usual, predictable pattern. Although the number of available and sold single family listings are lower than they were this time last year, the number of pending sales is significantly higher. The average price per square foot ($511) in February 2014 is the highest we’ve seen it in several years. This combined with the higher pending sales indicates pent-up demand that built up during the winter slow-down.

 

 

The close of 2013 saw the Almaden area real estate market wrapping up the usual holiday season slowdown. The December inventory of single family residences was lower than we have seen in many years. Despite this shortage of available homes, the number of completed sales was only slightly below the number from December 2012.

Price per square foot ended the year slightly lower than November 2013 numbers, but up a healthy $66, from $400/sq.ft. in December 2012 to $466 December 2013. This price increase indicates that the shortage of homes is still at critical levels in relation to demand. In fact, statistics show that the year ended with about two weeks’ supply of active listings in Almaden Valley.

With mortgage rates remaining fairly stable, the passing of the holiday season should see the Almaden Valley real estate market picking up steam again. How robust the market responds will depend in large part on sellers putting their homes up for sale, and sellers are likely to remain in control for the foreseeable future.

If you would are thinking about selling your home, give me a call and let me show you how I can help you capitalize on this seller’s market!