April 2018 Almaden Valley Real Estate Market Update

April 2018 Almaden Valley real estate market statistics indicate we are entering the summer peak season. The number of single family homes on the market increased almost 61% from March to April, and sales increased by 56% during the same time period. Although the price per square foot dropped about 3.5% from March to April, this is also a trend we tend to see as we enter summer.

Homes for sale in April 2018: 37 units

  • Up 60.9% compared to last month
  • Up 8.8% compared to last year

Homes closed in April 2018: 39 units

  • Up 56% compared to last month
  • Up 5.4% compared to last year

If you’d like more information about current market trends or are thinking about buying or selling a home in the Almaden Valley, give me a call!

April 2018 Almaden Valley Real Estate Market

Spring Is In The Air – Prepare Your Home! (Part 2)

prepare your homeSprucing up for Spring – from Hardscapes to Roof

Spring is almost here, and it’s time to prepare your home! In this, the second in our series on home and yard maintenance for spring, we focus on everything from hardscapes to the roof. Here’s the checklist of do’s for this season:

Repair and refurbish hardscapes – After the rains, it is a great idea to clean all hardscapes – walkways, patios, steps and retaining walls which have brick, pavers, stone or tile. Pressure wash to remove any dirt or moss which might make the area slippery. Replace broken tiles or flagstones and fill in new sand in the joints.

Roof check – Check for and replace any broken tiles or shingles in the roof. If there are signs of moss or lichen, call a professional roofer for a clean-up.

Trim large trees – Trim away any overgrowth from trees and shrubs. If you have large trees like oak or redwood, get an arborist, if needed, to trim back branches. This will allow more sunlight into the yard and encourage new growth. It’s also important to keep tree branches at least six to seven feet away from the house.

Foundation vents – Walk around the perimeter of the house and check all foundation vents to ensure that they are clear of leaves, debris or anything that would prevent air circulation in the crawl space. Good air circulation is important for the moisture in the crawl space to dry. Repair any holes or rips in vent screens to prevent rodents and critters from getting in.

Drains, ditches, rafters and gutters – Sweep clean all leaves and debris which may have gathered in drains, ditches and gutters. If possible, connect gutter pipes to the sewage. This will take overflow water away from the foundation of the house. Check rafters for wood rot. Replace any broken ones. It’s also a good idea to give the rafters a coat of paint to prevent wood rot.

Check irrigation systems – With the onset of spring, it is time to check irrigation systems for leaks and repair any broken sprinkler heads. Check rain sensors and booster pump for proper operation. Secure drip irrigation lines properly to respective plants.

Fences and trellises – Check fences and trellises and replace any broken or rotten panels.

Bird baths and fountains – Check fountain pumps and fix leaks if any. Scrub clean bird baths and fill with fresh water.

January 2018 Almaden Valley Real Estate Market Update

January 2018 Almaden Valley Real Estate Market Update… January’s data for Almaden Valley real estate is showing the effects of tight inventory. The number of single family homes on the market in January remained virtually unchanged from the previous month: 10 versus 9. The number of sales dropped during the same time period, from 22 in December to 15 in January. This drop is a direct effect of the incredibly low inventory of single family homes that we’ve been experiencing. The price per square foot edged up from $671 to $672, a further indication that the usual cooling of interest we see during the holiday season didn’t really happen this year.

Buyers are clamoring for Almaden Valley homes, as is evidenced by the fact that area homes often experience multiple offers within a short time of being put on the market. It is an excellent time to be a seller in Almaden Valley. For more information on how you can take advantage of our hot market, call, text or email me.

January 2018 almaden valley real estate market

Spring Is In The Air – Prepare Your Yard! (Part 1)

prepare your yardSpring Gardening

It is not officially spring yet, but with winter on the wane and the days getting warmer, it certainly feels like spring is in the air… and this is the perfect time to prepare your yard! With a little bit of work now, you will have a bountiful spring and summer garden, rich in vibrant colors with plenty to harvest.

There are four main tasks which are recommended for your garden this month.

Pruning and fertilizing

Late winter and early spring is the best time to prune fruit trees. If you haven’t already done it, now is the time. Pruning before the buds bloom will relieve the plants resulting in better growth and a better crop later on. Fertilize fruit trees with an organic fertilizer or compost for better quality yield.

Prune evergreen trees and shrubs leaving out branches in the direction you want to encourage growth. Rose plants and bushes should be pruned before they start budding. For spring flowering plants, wait until after blooming. Fertilize the rose plants at this stage. Fertilize garden beds at the top soil level and let the nutrients percolate down.

Planting

Now is the perfect time to plant fruit trees, perennial crops like berries and spring crops like beets, carrots, peas, spinach, leeks and lettuces. Bare fruit trees root in the winter and begin sprouting leaves and branches through spring summer.

Weeding

Control weeds in the garden while they are young. You can also use a weed preventing product like Preen.

Lawn care

Lawns should be watered deeply once or twice a week at this time, depending on the amount of rain. Avoid overwatering. Spread lawn seeds on bare patches and fertilize.

For more garden maintenance tips, visit:

http://eartheasy.com/grow_garden_early_spring.html

https://www.almanac.com/gardening/tips/CA/San%20Jose/02

 

December 2017 Almaden Valley Real Estate Market Update

December 2017 Almaden Valley Real Estate Market Update… 2017 ended on a high note for Almaden Valley real estate. The inventory of single family homes has been tight all throughout 2017, and our December numbers demonstrate the general trend we saw this past year: low inventory and brisk sales. Of course, we expect to see activity drop to yearly lows in December due to the holidays, and 2017 was no different. The number of homes offered on the market dropped dramatically as the last month of the year rolled past, from 15 in November to 9 in December. The number of homes that sold dropped from 25 to 21 and the number under contract from 23 to 18  during the same time frame.

However, when we compare December 2017 with December 2016, we get a pretty good indication of just how active the market was last year. There were over 18% more homes for sale in 2016, yet the number of single family homes under contract was 20% higher this past year, and the number sold was over 10% higher. Less inventory plus higher sales is a pretty solid indicator that Almaden Valley real estate remains in a strong seller’s market, which generally translates into stable to increasing prices. And, this is indeed what has played out. December price per square foot was $670, a whopping $74 higher than November’s $586 and a decidedly healthy increase over the $614 we saw December 2016. In fact, December’s price per square foot is the highest we’ve seen it in over five years.

Is the timing right for you? Give me a call!

December 2017 Almaden Valley Real Estate Market Update

Almaden Valley Home Prices Reach New High

Hope everyone had a wonderful holiday season and a great time ringing in the New Year.  But don’t put away those champagne glasses just yet.  We have more to celebrate as Almaden Valley home prices have once again reached a new record high!

I have included a couple of graphs showing trends for Almaden Single Family Homes since 2008.  Data was obtained from MLSListings Inc.  The first graph shows that the Median Sales Price reached a new high for the year in 2017 of $1,462,500, up 6.9% from 2016.  While this figure and the graph incorporate all sales throughout the year, the Median Sales Price for December 2017 was a whopping $1,547,250, up 17.9% from $1,312,500 in December 2016.  In fact, we had an amazing 4th Quarter as many buyers rushed to beat the signing in of the new tax law and the threat of rising interest rates.  October 2017 was up 13.4% from October 2016, and November was up 10.2%.  However, some months in 2017 saw a price decline from the prior year.

The second graph shows the number of new listings compared to the number sold.  As we closed 2017 just about all the inventory was gobbled up, and by the beginning of 2018 there were only 8 single family homes on the market in Almaden.

We had the good fortune this week of having Oscar Wei, Senior Economist from California Association of Realtors, speak at our office meeting.  He forecasts that we will continue to see prices increase at least through this year.  Zillow is a bit less optimistic and forecasts a slight decrease for Almaden Valley home prices over the next year.

If you have any questions, feel free to contact me directly and I’ll be glad to help you out!

 

 

 

November 2017 Almaden Valley Real Estate Market Update

November 2017 Almaden Valley real estate market update… Almaden Valley real estate is experiencing the expected seasonal lull. The numbers of single family homes on the market, under contract and sold are down from October. Price per square foot dropped as well, from $619 in October to $590 in November, indicating that demand has softened, something we entirely expect to see this time of year as both buyers and sellers ease back from the market for the holidays.

When we compare November 2016 with November 2017, we can see that overall demand is strengthening. The number of active single family listings on the market in November 2016 was 29, as compared to 15 in November 2017. This gives us a pretty strong indication that inventory is tight. Price per square foot is up 4.6% this year at $590, compared to $564 last year. Although the number of homes that sold remained virtually unchanged during this timeframe, the number of homes under contract was dramatically higher this year (24 as compared to 19 the same time last year) despite fewer homes being on the market.

We should start seeing more buyers and sellers entering the market starting in January, but we’ve now entered what is likely to be the slowest time of the market. Prices are generally lower during the holidays than other times of the year, due to the slowdown in buyer activity. Now is a great time for buyers who are willing to sacrifice a bit of selection for favorable prices. If you’d like to know how you can take advantage of the holiday lull for YOUR home purchase, email, text or call me and let me show you how!

November 2017 Almaden Valley real estate market

September 2017 Almaden Valley Real Estate Market Update

Data for September 2017 Almaden Valley Real Estate Market indicates that we are well into the annual holiday cooling cycle. The number of single family homes offered for sale, under contract, and sold have all dropped from August to September, which is quite normal for this time of year. When we compare last month to the same time last year, we see a rather dramatic difference in these categories. For last month, we saw 23 single family homes for sale, 20 under contract, and 25 sold. In September 2016, these numbers were 44, 27 and 35 respectively. This disparity is quite likely due to the fact that inventory in 2017 has barely met demand. In fact, when we look at the average price per square foot, the $628 we saw this past month is significantly higher than the $575 we saw September 2016, which is a pretty clear indication that buyer activity has been strong.

The price per square foot did drop from August’s high of $667, but we anticipate pricing to cool this time of year as well. Generally speaking, the holidays are usually a good time to buy, as many buyers drop out of the market until the new year, prices drop, and sellers can become more eager to make a sale before the end of the year. This year, though, it seems like buyers may not see quite the decrease in competition that they usually experience. Good deals can still be had, but data indicates that buyer interest is still keen despite the upcoming holidays.

If you’d like more information about current market trends or are thinking about buying or selling a home in the Almaden Valley, give me a call!

September 2017 Almaden Valley Real Estate Market

How Does Your Garden Grow?

garden growHow Does Your Garden Grow?

Imagine yourself in a bountiful spring garden surrounded by tulips, hyacinths, daffodils, crocuses and beautiful blossoms in a riot of colors and hues. But how do you bring this spring wonderland to your own front yard and backyard? The answer is, by starting now.

For many of us, gardening projects end in the summer. Yet, fall planting is crucial to a good harvest in spring, be it flowers or vegetables. Here’s how to go about creating a beautiful spring garden.

Picking bulbs for spring blossoms: Right now, garden stores and nurseries are stocked up on bulbs and seeds for planting. Tulips, hyacinths, crocuses, daffodils, irises are some varieties which are sure to give you a blooming garden come spring.

Spring veggie patch: For a vegetable harvest in spring, choose vegetables which can withstand the winter chill and frost. Carrots, cabbages, turnips, broccoli, celery, parsnips, radishes, kale, and brussels sprouts are among the varieties which are most hardy.

Planting time: Plant the bulbs after summer but before the ground gets frosty. October is usually a good time for fall planting, but here in the Bay area, it is safe to plant till early November.

Where to plant: Choose an area in your yard which is sunny and has good drainage. Prepare the soil with compost and fertilize after planting the bulbs.

Mulch: Be sure to spread a layer of mulch. This keeps keep the moisture in and prevents frost from settling on the bulbs in the winter.

For more information, visit https://www.almanac.com/gardening.
For hardiness zones, check out this excellent resource on fall planting of bulbs: https://www.almanac.com/sites/default/files/d6/fall_planted_bulbs.jpg

July 2017 Almaden Valley Real Estate Market Update

July 2017 Almaden Valley real estate market update… July figures of the Almaden Valley real estate market are in, and if historic figures are any indication we should have reached the low point of the annual summer doldrums. We would not be surprised to see a slight autumn rally and then the holiday season slow-down that happens every year.

There is one anomaly this year, and that is the number of single family homes offered on the market on any given month has been lower than the number of sold homes for most of the year. There are many possible reasons for this. One is that many homes are not listed on the MLS until they are sold. In other words, many Realtors are getting homes sold before they can put them on the MLS. Generally speaking, this type of sale  indicates a strong demand for homes. The data from last month would seem to bear this out. When we look at the number of single family homes on the market in July 2017 compared to last year, we see an over 64% lower number of homes this year yet the number of homes that sold are down only a bit less than 6%. Inventory is at some of the lowest rates that we’ve seen in years.

In addition, the price per square foot increased a rather hefty 9.4% from June 2017 and at $627/sqft is among the highest rate we’ve seen.

Overall, it would appear that the Almaden Valley single family market is favoring sellers. Would you like to know the value of your home? Call me for comps, or do it yourself with my home valuation tool ChalkBug.com!

July 2017 Almaden Valley real estate market