Tag Archive for: Almaden Valley Market Update

Almaden Valley Market Trends Chart

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May Almaden Valley Market Update

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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.

05-14 market update

April Almaden Valley Market Update

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Almaden Valley Real Estate single family sales volume dropped from March in an up-and-down pattern that we’ve been seeing this time of year for quite some time. However, the average price per square foot continues a gradual increase. At $519.80/square foot, the average price increased over 5% from March and over 18% from the same time last year.

The number of distressed (ie short sale, auction and bank-owned) has held steady at the same low level for quite some time, indicating that this aspect of Almaden Valley Real Estate has stabilized. Interest rates fluctuate slightly from week to week but have remained fairly stable as well.

04-14 market update

March Almaden Valley Market Update

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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.

 

 

January Almaden Valley Market Update

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Almaden Valley real estate appears to be recovering from the annual holiday doldrums. The number of active single family listings is up from 16 last month to 21 this month, and pending listings are from 25 to 33, indicating that home owners are putting their properties on the market and buyers are snapping them up. The average price per square foot, which was $473.50 last month, increased slightly from December 2013 and when compared to January 2013, increased a healthy 14.8% (up from $412.90.)

The biggest issue Almaden Valley real estate is facing is a shortage of inventory. It is a great time to be a seller! If you would like further information on how to take advantage of our unique market, get in touch and let me show you how I can help!

01-14 market update

2013 Almaden Valley Real Estate In Review

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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!

2013 market update

Selling Your Home During the Holidays Can be a Savvy Move

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As summer winds to an end, so too winds down the increase in number of single family homes being put on the market in Almaden Valley. And so begins the holiday slowdown we see every year.

The number of homes on the market as of now is 42, down from 50 about a month ago. The number of homes under contract have decreased from 61 to 44 during this same time frame. If we look back at around the same time this year, we had 65 homes on the market and 55 under contract.

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Buyer Enthusiasm for Almaden Real Estate Continues into Late Summer

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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.

Strong Sellers Market in Almaden Real Estate this Spring and Summer

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Almaden Valley real estate still strongly favors sellers, although we saw a slight dip in the number of single family homes that sold in June as compared to May. As Summer is generally a time when real estate activity can quiet down a bit as families plan summer vacations, I don’t see this as something to be concerned about.

Another reason aside from seasonal fluctuation that I’m not concerned about this slight drop in activity is the fact that the average price per square foot continues to increase at a fairly steady rate and is, in fact, is around $90/sq.ft. higher than it was in June 2012.

Although sellers are starting to put their homes on the market in order to capitalize on the intense interest in Almaden Valley, inventory remains frustratingly low for the buyers who are in the market today. If you would like to know how YOU can capitalize on this incredible seller’s market, contact me and let me show how I can help!

Buyer Demand Outpacing the Supply of Almaden Valley Homes this Spring

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Almaden Valley real estate remains an incredibly strong seller’s market, with buyer demand far outstripping the supply of single family homes that are on the market at any given time.

Compared to last month around the same time, the situation remains virtually unchanged, with 42 single family homes on the market then AND now. Today there are 63 properties under contract; a month ago, there were 61.

The number of distressed (ie short sale, foreclosure and auction) properties had dropped significantly over the same time frame, from 55 to 46. Since distressed listings tend to depress prices, this decrease plus the high demand by buyers will likely continue to drive home prices upward.

Now is a GREAT time to be an Almaden Valley home seller! Give me a call and let me show how I can help you sell YOUR home in this strong market!

Incredible Spike in the Number of Pending Almaden Valley Homes in March 2013

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March saw an incredible spike in the number of pending single family properties in Almaden Valley as buyers snapped up new listings. Completed sales almost matched the number of homes available for purchase last month, demonstrating how inventory-starved our market is.

Almaden Valley real estate gained five available single family homes from last week; 47 today versus 42 last week. The number of properties under contract dropped as sales worked their way through the process.

Sellers indeed control Almaden Valley real estate right now, making it a great time to sell! If you would like to take advantage of this unique market, give me a call and let me show you how I can help!

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