Almaden Valley Real Estate Trends Chart

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Almaden Valley Real Estate Market Update for February 6, 2012

Buyers were active in Almaden Valley real estate last week. The number of single family homes for sale dropped from 61 last week to 54 this week, while the percentage of listings that are under contract increased from 31% to 40% over the same timeframe.

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Almaden Valley Real Estate Market Update for January 28, 2012

Almaden Valley Real Estate Market Update

Almaden Valley Real Estate Market Update

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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Almaden Valley Real Estate Market Update for January 3, 2012

Almaden Valley Real Estate Market Update

Happy New Year! The last week of 2011 did not bring much change in the Almaden Valley real estate market. The number of active listings dropped from 49 last week to 48 this week, while the percentage of listings under contract dropped from 41% to 38%. Traditional (ie non-distressed) listings dropped from 40 active listings to 37, and from 38% under contract to 36% in the same period.

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Almaden Valley Real Estate Market Update for December 19, 2011

Almaden Valley Real Estate Market Update

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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Almaden Valley Real Estate Market Update – November 21, 2011

This week’s Almaden Valley real estate market numbers are virtually unchanged from last week. The total number of available properties on the market dropped from 65 last week to 64 this week, while the percentage under contract dropped slightly, from 38% to 37%.

Traditional (ie non-distressed) properties remained unchanged, with 54 available properties and 30% under contract. As we enter the last month of the year, it is likely that this trend will continue through December as we pass through our traditional, anticipated holiday market cooling period.

Happy Thanksgiving!

Almaden Valley Real Estate Market Update – November 14, 2011

The number of listings on the market in Almaden Valley dropped from 72 last Monday to 65 this Monday, while listings under contract increased from 34% to 38% during the same time frame. Traditional (ie non-distressed) listings dropped from 63 to 57 and the percentage under contract increased from 28% to 30% from last Monday.

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Almaden Valley Real Estate Market Update – November 7, 2011

The Almaden Valley real estate market continued to decrease slightly in what is most likely the normal seasonal slow-down we see every year at this time. The total number of single family homes for sale decreased from 74 last week to 72 this week, while the percentage of properties under contract dropped from 35% to 34% over the same time. Traditional (ie non-distressed) homes experienced the same trend, from 65 single family home for sale last Monday to 63 today, and the percentage under contract dropping from 29% to 28% over the same time. The interest rates offered by some banks dropped slightly. Although buyers are still being lured by the historically low interest rates, it remains to be seen if the rates will motivate buyers to act during the holiday season when we usually see a slowdown in sales.

Almaden Valley Real Estate Market Update – October 24, 2011

This past week saw a slight improvement in the Almaden Valley real estate market from the previous week. The total number of single family homes currently for sale decreased from 80 to 77, while the percentage of properties that are under contract increased slightly, from 35% to 36%. The number of traditional (ie non-distressed) single family homes currently for sale dropped from 71 to 68, and the number under contract remained at the 30% we saw last week.

Interest rates from some banks edged upward slightly, but still remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.

Almaden Valley Real Estate Market Update – October 31, 2011

This past week in Almaden Valley saw the market staying virtually the same as it has been the past few weeks. The number of single family homes listed as available on the market dropped from 77 last week to 74 this week, but the percentage of listings under contract remained almost the same, dropping from 36% to 35% over the same time frame. Traditional (ie non-distressed) single family homes experienced much the same trend, dropping from 68 available homes to 65 this week, and a drop in listings under contract from 30% to 29% over the same time frame. As we pass through the holiday season, I anticipate we will continue seeing the gradual cooling of the market that we see every year at this time.

Interest rates have drifted up and down slightly, but remain an attractive incentive for buyers to make the jump from looking at homes to purchasing them.

The number of distressed properties in the pre-foreclosure/auction/bank owned portion of the report increased for the third week in a row, after several weeks of gradual decrease.

Almaden Valley Real Estate Market Update – October 18, 2011

The number of active listings in Almaden Valley increased slightly from last week, from 76 to 80 this week. The percentage of listings that are in escrow decreased slightly, from 38% to 35%. Traditional (ie non-distressed) listings experienced a similar change, from 67 to 71 active listings and from 31% in escrow to 30% this week. This could very likely be the early stages of the annual slow-down we see around the holidays.

Interest rates remain fairly much at the same level as last week.