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Check Out the Local Businesses that Make AccessAlmaden Possible

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Our readers know AccessAlmaden as the top resource for what’s happening in Almaden Valley. Our sponsors know us as that too. Occasionally we like to spotlight our sponsors to our readers, and let them know a little more about who they are and what they do. The best way you can say thanks to the local businesses that make AccessAlmaden possible is by using, and spreading the word about, their products and/or services.

Therese Swan - Almaden Valley Real Estate AgentTherese Swan is a Realtor with Alain Pinel Realtors, and specializes in Almaden Valley real estate. Therese is the #1 Real Estate Agent for Almaden Valley in 2009, 2010, and the first half of 2011. This ranking is based on both the total number of homes sold and total dollar volume when measured by agent.

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Almaden Valley Real Estate Market Update – August 15, 2011

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The number of available single family properties continued the decline we first noted in late June, from 99 last week to 98 this week. However, this last week saw a decrease in the percentage of pending listings, from 39% last week to 33% this week. Researching this further, we saw a decrease in the number of new pendings this past week accompanied by a dramatic increase in the number of properties that completed the sales process. We’ve observed the same pattern in traditional (ie non-distressed) sales; available single family listings dropped from 92 last week to 90 this week, and the percentage of listings under contract dropped from 30% to 24%. Many families are squeezing in the last days of summer vacation before their kids go back to school. Plus there may be a few jitters with the volatility of the stock market in recent weeks. As is typical with the Almaden market, we expect the market to start picking up again soon once kids are settled back in school. Interest rates are at record lows and buyers want to take advantage of that.

Almaden Valley Real Estate Market Update – August 8, 2011

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We saw a more robust improvement this past week than we’ve been experiencing. The number of available single family listings dropped from 104 the previous Monday to 99 today, while the percentage of listings under contract increased from 37% to 39% the same time period. For traditional (non-distressed) sales, the numbers indicated a similar improvement; available single family listings dropped from 96 to 92, and the percentage under contract increased from 27% to 30% . This is good news and it brings us back up to May levels for traditional sales.

Almaden Valley Real Estate Market Update – August 1, 2011

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The market is still gradually recovering from the anticipated summer doldrums. The number of available single family listings dropped for the sixth straight week, from 106 last Monday to 104 this Monday. The percentage of listings that are under contract increased from 36% last week to 37% this week. For traditional (non-distressed) single family homes, the number of available listings dropped from 98 last week to 96 this week and the percentage of listings under contract held steady at 27%.

Almaden Valley Real Estate Market Update – July 25, 2011

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We continued to see the expected gradual improvement of the market from the summer lows, though this week wasn’t quite as robust as the previous few have been. The total number of active single family listings remained the same at 106. The percentage of listings that are under contract increased from 35% last week to 36% this week. Active traditional (non-distressed) listings increases slightly but the percentage under contract also increased from 25% last week to 27% this Monday.

At open houses this weekend, there was clearly a last minute rush to get families settled in new homes before school starts. My listing at 6742 Elwood Rd had non-stop traffic both days. Incredible home with amazing back yard including pool, spa, bocce ball court, outdoor ktchen, outdoor patio and koi pond.

Almaden Valley Real Estate Market Update – July 18, 2011

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The trend we noted last week continued through this Monday. The total number of available listings dropped for the fourth consecutive week, from 111 last Monday to 106 today. Listings that are under contract increased from 32% last week to 35% this week. The number of traditional (ie non-distressed) listings dropped slightly, from 97 last week to 96 this week while the percentage of listings under contract increased from 29% to 32%. We may have seen the bottom of the annual summer doldrums for the Almaden Valley real estate market and are heading back up.

Almaden Valley Real Estate Market Update – July 11, 2011

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The second week of July starts out seeing the continuing decrease in available listings from last week; 111 this Monday compared to 115 last week.This is the fourth week of decreasing inventory, from a high of 118 on 6/20/11. The percentage of listings in escrow, on the other hand, has continued the increase we saw last week; 32% this Monday versus 30% last week. Traditional (non distressed) listings followed similar trends, with the percentage of listings in escrow increasing from 21% last week to 23% this week. Although it is too early to tell if the market is beginning its anticipated recovery from the annual summer doldrums, there is a strong indication that the seasonal market lag is ending. I sold two of my listings in the past two weeks and open house traffic this weekend has picked up.

Almaden Valley Real Estate Market Update – July 5, 2011

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The beginning of July saw the number of available single family homes descrease from 117 last week to 115 this week, while the percentage of listings in escrow dropped from 31% to 30%. Traditional (non distressed) properties saw a slight increase, from 20% to 21%. Even though it was 4th of July weekend, my open house on Fleetwood was very busy. We got it sold early this week. For previous market updates, go to www.AlmadenValleyRealEstate.com

Almaden Valley Real Estate Market Update – June 27, 2011

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As we end the month of June, the number of available single family homes decreased from 118 last week to 117 this week, and the percentage of listings in escrow dropped from 34% to 31%. For traditional (non distressed) properties, the drop was from 24% to 20%. We believe this is just the traditional summertime slowdown.

Almaden Valley Real Estate Market Update – June 20, 2011

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As of Monday, June 20, there are 118 single family properties currently available in Almaden Valley, an increase of 6 from last Monday. The percentage of single family listings in escrow dropped from 35% last Monday to 34% this Monday.

For traditional sales (non-distressed properties), the drop was from 27% to 24%. This continues the normal seasonal trend we touched on last week; we anticipate that home sales drop in the summer.

All that being said, my open house on Fleetwood last weekend was non-stop traffic. Buyers are still out there trying to catch interest rates before they go up. And good homes that are priced right are still very attractive.