Another thing, in addition to the low inventory, which can swing the pricing is when homes are selling primarily in one school area (such as Leland) as opposed to another (such as Pioneer). The best approach is to compare apples to apples, meaning homes in the same part of Almaden – this particular report takes the zip code as a whole (meaning houses that go to Leland, Pioneer, Los Gatos High or Leigh / Branham) rather than just those areas which are in the attendance area of one or another. So please take the jumpiness of these last couple of months with a big grain of salt.
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):
|TRENDS AT A GLANCE||MAY 2014||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||-0.9%||$1,189,000||$1,200,000||+13.2%||$1,050,000|
|Average Sales Price||-6.3%||$1,211,960||$1,292,780||+11.0%||$1,092,100|
|No. of Homes Sold||+21.6%||45||37||-23.7%||59|
|Short Sales Sold||N/A||0||0||-100.0%||1|
|Active Short Sales||-100.0%||0||1||-100.0%||8|
|Sales Price vs. List Price||-0.4%||104.6%||105.1%||+0.4%||104.2%|
|Average Days on Market||-6.2%||14||15||+20.9%||12|
Altos Research charts for houses in Almaden (San Jose 95120)
Please note that Altos Research uses list prices, not sold prices.