Almaden Valley homes for sale and real estate market conditionsThe Almaden Valley real estate market is still in a stable sellers market. Winter brought about a steep drop in inventory. There must be either a lot more inventory, or significantly less demand, before we see anything close to a balanced market. The Almaden Valley market is noticing minor softening, with homes selling, on average, a little over list price at 102.2%. That being said, turnover has sped up to an average of 32 days on market (or DOM). This kind of major and sudden swing in data is often caused by one or two listings of exception, in this case taking much longer to sell than their counterparts. Almaden Valley is still in a hot sellers market.

Please find the current statistics for single family homes (houses & duet homes) from my Almaden Valley real estate report (click on link for more info):

Almaden Valley San Jose 95120 Real Estate Statistics At A Glance

Year-Over-Year

  • Median home prices increased by 13.4% year-over-year to $1,400,000 from $1,235,000.
  • The average home sales price rose by 12.2% year-over-year to $1,459,530 from $1,300,310.
  • Home sales rose by 64.3% year-over-year to 23 from 14.
  • Active listings fell 24.1% year-over-year to 44 from 58.
  • Sales price vs. list price ratio rose by 2.7% year-over-year to 102.2% from 99.5%.
  • The average days on market fell by 19.7% year-over-year to 32 from 40.

Compared To Last Month

  • Median home prices improved by 4.7% to $1,400,000 from $1,337,500.
  • The average home sales price fell by 0.0% to $1,459,530 from $1,459,620.
  • Home sales up by 91.7% to 23 from 12.
  • Active listings dropped 0.0% to 44 from 44.
  • Sales price vs. list price ratio dropped by 0.4% to 102.2% from 102.6%.
  • The average days on market dropped by 62.1% to 32 from 85.

The data shows a strong sellers market remaining fairly consistent despite increasing inventory. The best homes will still see multiple offers, a response to low inventory and high demand.

Altos Research charts for houses in Almaden (San Jose 95120)

Please note that Altos Research uses list prices of Almaden Valley homes for sale, not sold prices.

An overview:

90-day stats for Single Family properties in
SAN JOSE, CA 95120 as of March 17, 2017
Median List Price:$1,586,687Average List Price:$1,969,327
Total Inventory:47Price per Square Foot:$602
Average Home Size:2,869Median Lot Size:11,981
Average # Beds:4.32Average # Baths:3.44
Homes Absorbed:7Newly Listed:5
Days on Market:156Average Age:36

Real Estate Market Chart by Altos Research www.altosresearch.com

Please click on the link to view the condo and townhouse market and more info on the Almaden real estate market.

Almaden Valley Condo Market:

The condo market in San Jose 95120 looks wacky due to almost no condo or townhouse sales recently, and that is flowing from the lack of listings. Frequently, there are less than 10 listings in a given month. Currently, the data shows a meager 2 sold, 3 pending with 3 active and 1 foreclosure. However, average turnaround is slow at 89 days, and it appears that might be a trend with a slow turnaround last month as well. That being said, on average, properties are selling 103.9% above list price. What we can glean from this relatively little data is that there is still greater demand than inventory creating a sellers market.

Here are the Almaden condo and townhome stats but with so few sales each month, they are not terribly relevant:

Year-Over-Year

  • Median home prices increased by N/A year-over-year to $1,041,500 from $0.
  • The average home sales price rose by N/A year-over-year to $1,041,500 from $0.
  • Home sales rose by N/A year-over-year to 2 from 0.
  • Active listings rose 200.0% year-over-year to 6 from 2.
  • Sales price vs. list price ratio rose by N/A year-over-year to 103.9% from 0.0%.
  • The average days on market rose by N/A year-over-year to 86 from 0.

Compared To Last Month

  • Median home prices improved by 25.5% to $1,041,500 from $830,000.
  • The average home sales price rose by 21.6% to $1,041,500 from $856,667.
  • Home sales down by 33.3% to 2 from 3.
  • Active listings increased 50.0% to 6 from 4.
  • Sales price vs. list price ratio increased by 5.4% to 103.9% from 98.6%.
  • The average days on market increased by 24.0% to 86 from 69.

 

Live San Jose Almaden 95120 real estate market charts from Altos Research for condos and townhomes (not solds but Almaden Valley homes currently for sale)

Here are a few quick stats from Altos Research (which will be automatically updated weekly and to which I have a subscription) – these are based on the list price of townhouses and condominiums for sale in San Jose’s Almaden Valley 95120 area:

90-day stats for Condo properties in
SAN JOSE, CA 95120 as of March 17, 2017
Median List Price:$1,030,726Average List Price:$1,028,919
Total Inventory:3Price per Square Foot:$524
Average Home Size:1,994Median Lot Size:n/a
Average # Beds:3.40Average # Baths:2.61
Homes Absorbed:1Newly Listed:1
Days on Market:126Average Age:35

Real Estate Market Chart by Altos Research www.altosresearch.com

The residential real estate market in San Jose’s Almaden Valley area is a “hot seller’s market.” Restricted inventory remains, in contrast to what we normally would see on a seasonal basis. Buyers who are successful in multiple bid situations are coming in with few contingencies, short time frames for any contingencies which they do have, and make aggressive offers in terms of pricing.

Almaden Valley homes for sale – What is for sale in San Jose’s Almaden Valley area right now?

First see a list of the most recent Almaden San Jose 95120 listings. Below it, view homes for sale by map or click the link below.

Almaden 95120 area of San Jose homes for sale


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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


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