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!

Almaden Valley Summer Concert Series in the Park for 2013

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almaden-valley-concert-in-parkAlmaden Valley Summer Concert Series for 2013 offers a great evening of Summertime musical enjoyment. The 2013 Concert Series will be held every Thursday, July 11 through August 1 from 6:30-8:00pm.

This year’s line-up of bands will play Top 40, R&B, Motown, Big Band, Party Music, Classic Rock, and the Beatles. Relax and listen to some great music. Bring your lawn chairs, picnic dinner, and ice coolers. Fun for the whole family! The concerts are free for everyone to enjoy.

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Almaden Community Center’s Summer 2013 Activity Guide

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almaden-activity-guide-summer-2013Almaden Community Center Activity Guide includes all of the programs, classes, and activities planned for the Almaden Community Center in Summer 2013.

Almaden Valley residents have a variety of classes and activities from which to choose. There’s something for everyone – from toddlers to seniors.

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2013 Math Enrichment Summer Program in Almaden Valley

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math-enrichment-logoRegistration is now open for the 12th Annual / 2013 Math Enrichment Summer Program at Leland High School in Almaden Valley.

Math Enrichment is an independent Summer program for students going into Kindergarten through 11th Grade. It offers a challenging educational environment to all students, while creating an atmosphere that inspires a lifelong love of learning and helps each student to reach his or her fullest potential.

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Almaden Equestrian Center 2013 Summer Horse Camp

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photo: Almaden Summer Horse CampAlmaden Summer Horse Camp is for kids, ages 6-16, who like horses, crafts, and more! Almaden Summer Horse Camp is hosted at Almaden Equestrian Center in the Almaden Valley. The camp is a fantastic way for children to learn riding or develop higher level riding skills.

The camp offers lots of fun with riding and instruction on caring for some very sweet horses. Lessons include western, english, or bareback, and start at beginning and advance to higher levels. Each child is evaluated for his/her ability and placed in a group that matches the age and skill of the child.

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Private and Group Swimming Lessons at Almaden Swim & Racquet Club

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Almaden-Swim-&-Racquet-ClubLearn a skill that will keep you safe and fit for life! However old your children are, swimming can be great fun and even a life-saving activity.

Almaden Swim & Racquet Club Swim Lessons are designed to make your child water safe and swim-team ready. With its unique lesson structure and skilled staff, its tailored swim lessons will increase your child’s swimming skills and increase their confidence in the water. Flexible lesson options and times will fit into your busy schedule.

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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!

History of Almaden Air Force Station Atop Mount Umunhum

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Mount-Umunhum-4Learn about the history of the fascinating Almaden Air Force Station Atop Mount Umunhum. See actual key artifacts from the site, and enjoy a slide show of amazing historic photos of the radar station when it was in operation during the Cold War between 1958 and 1980.

Presented by Basim Jaber, Historian & Archivist and founder of the USAF 682nd Radar Squadron Veterans Association.

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Lord of the Light Art Studio & Gallery 2013 Summer Art Camp

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Lord of the Light Art Studio & GalleryLord of the Light Art Studio & Gallery in Almaden Valley is holding its 2013 Summer Art Camp for kids in 1st – 12th grade. The studio has a unique camp curriculum that is designed to bring out and develop a child’s imagination and creativity, while teaching them the fundamentals of fine art.

The Summer Art Camp is a one-week, fun-filled learning experience that includes color theory, animation, and much more! Students will learn pencil drawing skills and how to use medias such as oil pastel, soft pastel, and watercolor. Your child will experience new freedom and a new love for art.

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Buyers Snapping Up Almaden Homes at a Brisk Pace

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The number of available single family homes in Almaden Valley dropped slightly, from 42 last week to 41 this Monday. On the other hand, the number of listings that are under contract jumped from 43 to 49 over the same time period.

In the past five days alone, eight homes came on the market in Almaden Valley. The fact is, buyers are snapping up homes at a very brisk pace. Although the graph below might indicate that sales have dropped from February 2012 to February 2013, this is likely in large part a function of the dearth of inventory we’ve been experiencing. When we look at the total number for sale versus those that are pending, we see that the percentage of listings under contract a year ago was approximately 37%, while last month it was almost 40%. The average sale price also edged up during that same time frame.

With the recent good news about the economic upturn (along with those historically low mortgage rates), it is quite likely that even more buyers will be emboldened to enter the market and create even more demand for our rising inventory. This is especially good news for sellers, who stand to gain from any heightening of our already keen market interest. If you want to take advantage of this strong seller’s market, give me a call and let me know how I can help!