Hello again to all Short Sales buyers and sellers in Almaden Valley:

Hope you are enjoying Summer in Almaden Valley.

A few weeks have passed since my last update and as you probably read, the Silicon Valley real estate market has turned around quite a bit.

Almaden Valley real estate market, just like most San Jose real estate markets, has shifted to a strong seller’s market. Multiple offers on properties are now common, foreclosures are mostly gone and sellers are gradually coming back to the market. Prices are also on an upward trend.

With regards to short sales listings in Almaden Valley, the count is still small (only 5 listings to date) but home values have gone up. We should expect more short sales listings in Almaden Valley as we approach Fall 2012 though.

1  1344 TTIFFANY CANYON RD ($1,995K)
2  20891 ALMADEN RD ($975K)
3  6205 PASOS LOS CERRITOS ($870K)
4  1584 MONTEVAL LN ($725K)
5  6183 FLOWERING PLUM RD ($659K)

You may be interested to know that the price of the first 2 listings has gone up recently, in line with the above mentioned trend. Short Sales listings are now less likely to go under current market prices, so be prepared for fierce bidding competition.

If you are interested to make an offer on any of those short sales listings or if you are interested to list a short sale in Almaden Valley or San Jose, do not hesitate to email me or call me at 408 717 2575.

Sophia Delacotte
Your Realtor in Almaden Valley