Tag Archive for: Almaden Valley Real Estate

Wow! It’s an incredible time to put your home on the market.

Inventory in Almaden Valley continues to remain low this week. The number of single family properties currently on the market dropped from 61 last week to 58 this week, and the percentage under contract dropped from 53% to 50% over the same time frame.

Sellers who decide to put their homes on the market are frequently finding eager buyers hungry for new inventory. The high percentages of properties under contract indicates a high buyer interest in the limited inventory currently available, but sellers simply are not coming out to take advantage of the situation, disappointing buyers by the relatively small selection of homes to choose from.

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Inventory is increasing, and buyers are responding. The number of single family homes in Almaden Valley increased from 57 last week to 62 this week. The number of listings under contract had remained steadily between 47% and 48% for the past several weeks.

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The Almaden Valley real estate market showed a bit of slowdown this past week. The number of single family homes on the market remained virtually unchanged, increasing from 60 last week to 61 this week. The number of listings under contract increased from 30% to 31% over the same time frame.

Traditional (ie non-distressed) sales were similar; the number of available single family homes increased from 48 to 50, while the number of listings under contract fell from 16 last week to 14 this week.

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As we quickly approach the end of the year, the Almaden Valley real estate market continues its seasonal cooling.

The total number of available properties on the market dropped from 56 on December 5, 2011 to 49 on December 27, 2011. The percentage of all listings under contract (i.e., Pending) increased slightly from 40% to 41% over the same timeframe.

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