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 over list price at 103.9%. That being said, turnover has sped up to an average of 14 days on market (or DOM). This tells us there’s a heating trend in the current market. Almaden Valley is in a sustained, 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 fell by 1.6% year-over-year to $1,436,000 from $1,460,000.
  • The average home sales price dropped by 6.7% year-over-year to $1,487,530 from $1,593,700.
  • Home sales fell by 10% year-over-year to 36 from 40.
  • Active listings fell 16.3% year-over-year to 67 from 80.
  • Sales price vs. list price ratio rose by 1.3% year-over-year to 103.9% from 102.6%.
  • The average days on market fell by 40.7% year-over-year to 14 from 24.

Compared To Last Month

  • Median home prices slipped by 0.8% to $1,436,000 from $1,447,500.
  • The average home sales price fell by 2.8% to $1,487,530 from $1,530,210.
  • Home sales up by 38.5% to 36 from 26.
  • Active listings dropped 2.9% to 67 from 69.
  • Sales price vs. list price ratio increased by 1.8% to 103.9% from 102.1%.
  • The average days on market dropped by 33.3% to 14 from 21.

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 May 26, 2017
Median List Price:$1,538,985Average List Price:$1,952,812
Total Inventory:32Price per Square Foot:$600
Average Home Size:2,690Median Lot Size:9,416
Average # Beds:4.42Average # Baths:3.37
Homes Absorbed:11Newly Listed:9
Days on Market:59Average Age:37

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 mere 3 sold, 4 pending, and 3 active. However, average turnaround is low at 30 days. On average, properties are selling 96.6% above list price. What we can glean from this relatively little data is that there is still much 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 38.8% year-over-year to $1,150,000 from $828,444.
  • The average home sales price rose by 20.6% year-over-year to $1,083,330 from $897,972.
  • Home sales fell by 25% year-over-year to 3 from 4.
  • Active listings rose 16.7% year-over-year to 7 from 6.
  • Sales price vs. list price ratio fell by 8% year-over-year to 96.6% from 105.0%.
  • The average days on market rose by 189.1% year-over-year to 30 from 10.

Compared To Last Month

  • Median home prices slipped by 1.7% to $1,150,000 from $1,170,000.
  • The average home sales price fell by 5.1% to $1,083,330 from $1,141,400.
  • Home sales down by 40% to 3 from 5.
  • Active listings dropped 12.5% to 7 from 8.
  • Sales price vs. list price ratio dropped by 7.6% to 96.6% from 104.6%.
  • The average days on market increased by 252.2% to 30 from 9.

 

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 May 26, 2017
Median List Price:$925,791Average List Price:$961,621
Total Inventory:3Price per Square Foot:$540
Average Home Size:1,776Median Lot Size:n/a
Average # Beds:3.18Average # Baths:2.50
Homes Absorbed:1Newly Listed:1
Days on Market:20Average Age:32

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


Selling homes in
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