Buyer Enthusiasm for Almaden Real Estate Continues into Late Summer
Almaden Valley real estate continues to be hot despite the slight late summer slowdown we generally see this time of year. The number of single family homes offered for sale increased from the beginning of the month and ended with some of the highest numbers we’ve seen since late last year. The number of listings that were under contract dropped slightly as did the average sold price, reflecting the seasonal variation we usually see during the summer months.
When we compare this past July 2013 to July 2012, we can see exactly how inventory-starved the Almaden Valley market is. July 2013 saw a significantly lower amount of inventory available, with a significantly higher number of homes under contract and sold. This indicates that buyer enthusiasm for Almaden Valley continues to be keen despite our predictable seasonal fluctuations.