Almaden Valley homes for sale and real estate market conditionsThe Almaden Valley real estate market is still in a stable sellers market.  Appreciation is leveling off as we settle into the summer pattern of a bit more inventory and a little less buyer interest.

The Almaden Valley market is still a strong seller’s market, but a little less deep than it was earlier in the year, during the peak of the frenzy. Buyers should view this as an opportunity to get in with significantly less competition. We don’t see prices declining so much as flattening – so it’s still a fine time to sell.

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

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $1,706,000 (+1.1%) $1,687,500 $1,396,650 (+22.1%)
Average Price $1,730,910 (-1.6%) $1,759,870 $1,440,010 (+20.2%)
No. of Sales 44 (+22.2%) 36 38 (+15.8%)
Pending 36 (+9.1%) 33 43 (-16.3%)
Active 24 (-31.4%) 35 21 (+14.3%)
Sale vs. List Price 107.1% (-0.1%) 107.3% 104.7% (+2.4%)
Days on Market 12 (+15.4%) 10 12 (-3.0%)
Days of Inventory 16 (-42.0%) 28 17 (-1.3%)

 

Trends At a Glance Apr 2018 Previous Month Year-over-Year
Median Price $1,687,500 (-2.2%) $1,725,000 $1,432,000 (+17.8%)
Average Price $1,759,870 (+0.1%) $1,757,310 $1,449,670 (+21.4%)
No. of Sales 36 (+56.5%) 23 33 (+9.1%)
Pending 33 (-13.2%) 38 31 (+6.5%)
Active 35 (+75.0%) 20 31 (+12.9%)
Sale vs. List Price 107.3% (-1.2%) 108.5% 104.2% (+3.0%)
Days on Market 10 (+48.7%) 7 10 (-0.7%)
Days of Inventory 28 (+8.1%) 26 27 (+3.5%)

 

The data shows a strong sellers market remaining fairly consistent despite lower inventory over the winter. 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 June 15, 2018
Median List Price:$1,773,328Average List Price:$2,061,126
Total Inventory:28Price per Square Foot:$681
Average Home Size:2,650Median Lot Size:9,826
Average # Beds:4.25Average # Baths:3.55
Homes Absorbed:10Newly Listed:10
Days on Market:23Average 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 can sometimes look wacky, and that is usually due to a lack of listings. Frequently, there are less than 10 listings in a given month. Currently, the data shows 8 sold with 8 pending and 6 active listings, which is an improvement over the previous month. 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:

Trends at a Glance

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $1,138,000 (-7.9%) $1,235,000 $900,000 (+26.4%)
Average Price $1,146,000 (-5.8%) $1,216,250 $875,600 (+30.9%)
No. of Sales 11 (+37.5%) 8 (+120.0%)
Pending (-87.5%) 8 (-80.0%)
Active (-33.3%) 6 (0.0%)
Sale vs. List Price 106.6% (+1.6%) 105.0% 106.7% (-0.1%)
Days on Market 10 (-37.2%) 17 (+12.6%)
Days of Inventory 11 (-49.8%) 22 24 (-54.5%)

And from last month:

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 June 15, 2018
Median List Price:$1,143,308Average List Price:$1,176,643
Total Inventory:4Price per Square Foot:$647
Average Home Size:1,779Median Lot Size:n/a
Average # Beds:2.95Average # Baths:2.50
Homes Absorbed:1Newly Listed:1
Days on Market:35Average Age:36

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?

 

Almaden 95120 area of San Jose homes for sale

  1. 5 beds, 7 baths
    Home size: 7,004 sq ft
    Lot size: 2.37 ac
    Year built: 2005
  2. 4 beds, 8 baths
    Home size: 7,519 sq ft
    Lot size: 2.39 ac
    Year built: 2002
  3. 4 beds, 6 baths
    Home size: 4,490 sq ft
    Lot size: 21,854 sqft
    Year built: 2006
  4. 6 beds, 3 baths
    Home size: 3,120 sq ft
    Lot size: 2.34 ac
    Year built: 1964
  5. 4 beds, 3 baths
    Home size: 3,040 sq ft
    Lot size: 33,545 sqft
    Year built: 1977
  6. 5 beds, 4 baths
    Home size: 3,450 sq ft
    Lot size: 22,986 sqft
    Year built: 1976
  7. 4 beds, 5 baths
    Home size: 5,018 sq ft
    Lot size: 11,608 sqft
    Year built: 2002
  8. 4 beds, 3 baths
    Home size: 3,097 sq ft
    Lot size: 42,279 sqft
    Year built: 1956
  9. 4 beds, 4 baths
    Home size: 3,780 sq ft
    Lot size: 7,379 sqft
    Year built: 2006
  10. 5 beds, 3 baths
    Home size: 2,568 sq ft
    Lot size: 13,486 sqft
    Year built: 1970
  11. 4 beds, 4 baths
    Home size: 2,917 sq ft
    Lot size: 9,657 sqft
    Year built: 1985
  12. 3 beds, 3 baths
    Home size: 2,678 sq ft
    Lot size: 10,829 sqft
    Year built: 1965
  13. 4 beds, 3 baths
    Home size: 2,713 sq ft
    Lot size: 9,988 sqft
    Year built: 1974
  14. 3 beds, 3 baths
    Home size: 2,345 sq ft
    Lot size: 9,722 sqft
    Year built: 1965
  15. 4 beds, 3 baths
    Home size: 2,322 sq ft
    Lot size: 8,176 sqft
    Year built: 1971
  16. 4 beds, 3 baths
    Home size: 2,651 sq ft
    Lot size: 6,486 sqft
    Year built: 1975
  17. 4 beds, 2 baths
    Home size: 1,867 sq ft
    Lot size: 8,093 sqft
    Year built: 1976
  18. 4 beds, 3 baths
    Home size: 2,651 sq ft
    Lot size: 6,991 sqft
    Year built: 1975
  19. 4 beds, 3 baths
    Home size: 2,310 sq ft
    Lot size: 8,141 sqft
    Year built: 1980
  20. 4 beds, 3 baths
    Home size: 2,278 sq ft
    Lot size: 7,832 sqft
    Year built: 1968
  21. 3 beds, 3 baths
    Home size: 2,372 sq ft
    Lot size: 5,688 sqft
    Year built: 1988
  22. 4 beds, 3 baths
    Home size: 2,428 sq ft
    Lot size: 7,797 sqft
    Year built: 1973
  23. 3 beds, 2 baths
    Home size: 2,236 sq ft
    Lot size: 7,039 sqft
    Year built: 2018
  24. 4 beds, 3 baths
    Home size: 2,014 sq ft
    Lot size: 8,812 sqft
    Year built: 1975
  25. 4 beds, 3 baths
    Home size: 2,559 sq ft
    Lot size: 3,724 sqft
    Year built: 1989
  26. 3 beds, 3 baths
    Home size: 2,964 sq ft
    Lot size: 3,175 sqft
    Year built: 1985
  27. 3 beds, 3 baths
    Home size: 2,334 sq ft
    Lot size: 4,508 sqft
    Year built: 1989
  28. 3 beds, 3 baths
    Home size: 2,571 sq ft
    Lot size: 3,354 sqft
    Year built: 1985
  29. 3 beds, 2 baths
    Home size: 1,155 sq ft
    Lot size: 4,072 sqft
    Year built: 1986
  30. 3 beds, 2 baths
    Home size: 1,125 sq ft
    Lot size: 8,250 sqft
    Year built: 1961

See all Almaden area of San Jose, California Real Estate.
(all data current as of 6/18/2018)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

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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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