The overall Almaden Valley real estate market continues its gradual improvement. The number of available properties dropped quite a bit, from 96 to 85 over the past week, while the number of pending listings increased from 33% to 35%. Active traditional (ie non-distressed) listings dropped from 89 last Monday to 79 this Monday, while the percentage under contract remained at 26%. Although it is impossible to say what caused the number of available properties to drop, it is quite likely that this past holiday weekend, the last hurrah of the summer season, played a role.

There wasn’t much change in the real estate market this past week. The number of available single family homes decreased slightly, from 97 last Monday to 96 this Monday. The percentage under contract also decreased slightly, from 34% to 33% in the same time frame. For traditional (ie non-distressed) properties, the number of available listings increased one, from 88 last week to 89 this week, and the percentage under contract decreased slightly, from 27% to 26%.  Interest rates inched up a tiny bit, which may cause a few fence sitters to jump into the market.

As anticipated, the market is continuing to show signs of improvement. The number of available single family properties decreased from last week’s 98 to 97 this week. The percentage of listings that are under contract has increased from 33% last week to 34% this week. Traditional (ie non-distressed) listings are showing the strongest improvement, with available properties dropping from 90 to 88 and the percentage under contract increasing from 24% to 27% over this same time frame. As students settle into the new school year, I expect more buyers to enter the market to take advantage of the lowering mortgage interest rates.

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.

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%.

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.

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.

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.

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

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.

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.

The Almaden Valley real estate market traditionally slows down for the summer, and this mild decrease is in line with historic trends.  Additionally, my open houses this weekend were a little bit slow, in part due to all the graduations going on.

The spring real estate season has begun. Sales have picked up. Inventory is also starting to climb. It’s a great time to sell your home while the market is good.

Almaden Valley has started 2011 with a very low inventory.  Interest rates are still incredible.  It is a great time to sell your home.

The Almaden market has been improving, even as we move into the holidays.  I sold my listing at 7163 Glenview Drive before it even came on the mls.    We held it open Thanksgiving weekend and had 15 parties through on Saturday and 20 on Sunday.  Also, many sellers have been taking their homes off the market which has helped in reducing inventory.

Pending sales in Almaden have picked up and Inventory is slightly down. Many sellers will be taking their homes off the market as we go into the holidays so we should see some continued drop in inventory from now until the end of the year.

The market in Almaden Valley is a little slow now, but open house activity has started to pick up so this graph may change shortly.

Below is graph of Almaden Valley market for August 2010 as well as the prior 14 months.  As you can see,  there is not much change in activity since July  However,  Actives are up from a year ago at this time and Pending Sales are down. 

Almaden Valley Real Estate Market - August 2010