Market Conditions for Almaden Valley in San Jose, California
Reported by Pat Chadwell, Broker, CRS, ePro, SRES, REALTOR
Updated May 3, 2012.
Current Market Rating: 4
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Current Price Trend: 3
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There were 28 closed sales in April in Almaden Valley. This figure is down 12% over last month.
The number of active homes is 59. The active listings are 40% lower than last year. The price range of available homes is from $549,000-$4,500,000. The median price is $1,100,000.
Pending sales are at 43 in the last 30 days. The price range of pending sales is $255,000-$1,799,000. Pending sales are up 16% compared to last year.
While single family homes make up the bulk of the inventory in Almaden Valley, there are 8 active townhomes/condos, 4 pending in the last 30 days and 3 closed in April. The listings are lower by 52%!
As of April 30, 2012 active listings in Santa Clara County are a scant 1621, of that the single family homes were 1263 and condo/townhomes were 358. This number is continuing to decline. These numbers were down 55% from last year's figure!
The number of homes and townhome/condos that went into contract over the last 30 days was 1779 (single family - 1318, condo/townhome - 461). This figure was less than last year. However, if we had the inventory we would have sold a lot more homes! Many areas of seeing multiple offers on homes.
The number of closed sales in March were 1368 (987 were single family homes and 381 were condo/ townhomes). The closed sales up 7% over last year. Again, if we had more inventory these numbers would be through the roof!
Understanding your options both in Real Estate and lending is critical now as guidelines have changed making the real estate market fluid. Want to know your options? Call me!
For more information on this local market, call 855-927-6565 or email me at pat@patchadwell.com. Pat Chadwell, Broker, CRS, ePro, SRES, CDPE, CIAS, SFR. I have 28 years helping clients with their Real Estate needs.
ZIP Code: 95120 Location Characteristics: One of the most attractive residential areas of Silicon Valley, the South San Jose community of Almaden is distinguished by nice hillside views and "one of the most gorgeous landscapes in America," according to the Greenbelt Alliance website. Almaden Valley's key attraction is Almaden Quicksilver County Park. The Almaden Quicksilver Park also boasts plenty of hiking and biking trails and a spectacular wildflower display during the springtime. Almaden Expressway helps make the cultural attractions and amenities of the downtown area easily accessible for Almaden residents.
There is an annual art and wine festival held at Lake Almaden. For those that enjoy water sports a number of lakes are close by. Parks are plentiful as well.
About Pat Chadwell:
Pat has 28 years experience selling residential real estate, 22 years as a broker. Our professional team is knowledgeable, competent and high tech.
What Clients Say: Your competence and skill in handling situations and knowing how to communicate with people is as impressive as your kindness and reassuring manner.
Your attention to detail, knowledge of the market, and skill in sales made a difference.
Pat’s confidence, knowledge and her ability to communicate well and handle perspective clients was clearly evident.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
