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, and summer failed to bring enough new listings to fulfill demand. 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 warming, with homes selling, on average, above list price at 107%. Turnover has dropped slightly to an average of 12 days on market (or DOM). This tells us that while there may be a slight warming trend, 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

The data shows a strong sellers market remaining fairly consistent despite increasing inventory over the summer. The best homes will 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 September 15, 2017
Median List Price:$1,705,477Average List Price:$1,963,647
Total Inventory:26Price per Square Foot:$598
Average Home Size:2,713Median Lot Size:11,187
Average # Beds:4.37Average # Baths:3.22
Homes Absorbed:6Newly Listed:7
Days on Market:40Average 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 6 sold, 4 pending, and 3 active. Average turnaround is noticeably higher than single family homes at 37 days on market. On average, properties are selling at 99.6% of list price. What we can glean from this relatively little data is that there is still  greater demand than inventory creating a sellers market, but not as strong a sellers market for condos in this area as for single family homes.

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

 

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 September 15, 2017
Median List Price:$1,126,214Average List Price:$1,109,166
Total Inventory:4Price per Square Foot:$531
Average Home Size:2,153Median Lot Size:n/a
Average # Beds:2.91Average # Baths:2.60
Homes Absorbed:1Newly Listed:1
Days on Market:25Average Age:31

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
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
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Saratoga, Campbell,
Almaden Valley,
Cambrian Park.
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Valley Of Hearts Delight
Santa Clara County Real Estate,
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2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
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2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
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2011 readers' poll,
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