Tag Archive for: market update

May 2017 Almaden Valley real estate market update… The Almaden Valley real estate market shows little signs of slowing down for the summer, if last month’s data is any indication. Generally speaking, we start seeing single family inventory creep upwards during late spring/early summer, but this year we’ve seen a decided drop of almost 23% from April and 50% compared to the same time last year. Sales actually outpaced listings in May and the number of single family homes that were under contract last month increased quite notably from April.

The average price per square foot retracted slightly from April to May, from $618 to $612. However, it was an increase of a bit over 5% from May 2016 when it was about $582, which indicates a stable rate of growth.

If you’re thinking of buying or selling your home, give me a call!

March 2017 Almaden Valley real estate market update… The Almaden Valley real estate market continues to heat up along with the temperature. The number of single family homes sold in March was up 8% from February (27 as compared to 25), while the number of homes under contract was up to 39 as compared to 27 over the same time frame – a whopping 44.4% increase! Sellers are starting to come back on the market as well – we saw an almost 21% increase in single family listings in March (29) as compared to February (24).

Comparing March 2017 to March 2016, we can see that the Almaden Valley real estate market continues to grow. The number of homes that sold in March 2017 (27) is up 17.4% from the number that sold the same time last year (23). The number of homes under contract did drop a bit last month – 39 in March 2017 vs. 43 in March 2016, for a 9.3% decrease – but this decrease could very well be due to the fact that inventory in February 2017 was down significantly from February 2016, while sold listings were dramatically higher this same time period. In other words, there simply weren’t enough homes to support the demand.

The changes in price per square foot bear out this theory. In January 2017, price per square foot was $517. In February, price per square foot increased to $549. In March, price per square foot jumped to $612, indicating buyer competition for a limited inventory of available homes.

If you’re thinking about buying or selling a home, give me a call!

January 2017 Almaden Valley Real Estate Market Update…

The January statistics for Almaden Valley real estate show that the market volume is experiencing a healthy post-holiday upswing.

The number of new single family home listings on the market almost doubled from December according to Trendgraphix, and the number of such homes that went under contract increased by 20%.

Compared to the same time last year, the number of new single family homes that were for sale increased almost 10%, the number under contract are up a dramatic 200% and the number of sold listings is up over 8%.

If you are thinking about buying or selling a home, give me a call and I’ll show you how to make the most of the current Almaden Valley real estate market!

November 2016 Almaden Valley Real Estate Market Update… 2016 winds down, so does Almaden Valley real estate. As we expected, November sales data for single family homes dropped from October. The number of listings offered dropped from 32 in October to 29 last month, while the number of listings that went under contract dropped from 28 to 19 during the same period.

Compared to the same time last year, November 2016 ended on a high note. The number of listings offered increased from 26 in 2015, while the number of homes that sold posted a dramatic 31.6% increase from November 2015, when there were 19 sales as compared to 25 sales in 2016.

Price per square foot increased from October to November 2016, going from $548 to $564, although it was below the $585 from November 2015.

Overall, the Almaden Valley real estate market is experiencing a predictable seasonal fluctuation that I expect will last into the New Year. However, if you are planning to purchase a home in the near future, now is a great time to take that step. Inventory is good and the market has slowed enough that buyers have a good chance of making a deal. If you are planning on making a purchase, contact me and let me show you how you can get the best deal!