The Results of Limited Supply in Almaden Valley

By
Real Estate Agent with Intero Real Estate Services, San Jose, Silicon Valley 01505493

 

 

Here in Almaden Valley, as in many areas, supply and demand are the name of the game,
and increasing values. We currently have 30 active single family homes, that's less than half
of what we had 2 years ago. I was able to sell my clients' fixer upper for significantly more than
it would have sold for last year or most likely than it would have sold for this spring or summer.
The home is on Redmond Avenue, a somewhat busy street, has lots of potential, but timing was key. Asking price was $899,000 and sold for $925,000, off market per sellers' request, and with multiple offers.

What will this spring bring? Unfortunately the batteries in my crystal ball are dead, so I will have to
invest in a solar one:) I see many homeowners upgrading their homes in our area.
Get your home on the market before your neighbors do. Timing can be critical if inventory increases
significantly.

 

Posted by

Lisa Wiseman

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Topic:
Real Estate Market Trends
Location:
California Santa Clara County San Jose Almaden
Groups:
San Jose Real Estate
San Francisco Bay Area Real Estate
Realtors®
City and State
ActiveRain Network Referral Base
Tags:
almaden valley home values
fixer upper
san jose home values
silicon valley home values
almaden schools

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Rainmaker
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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Lisa

Thanks for the post and information. Have a great week

Mar 03, 2015 08:34 AM #1
Rainmaker
82,715
Lisa Wiseman
Intero Real Estate Services, San Jose, Silicon Valley - San Jose, CA

You're welcome, Patrick. Looks like you're getting some rain up there!

Mar 03, 2015 08:58 AM #2
Rainmaker
1,682,389
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Lisa Wiseman ,  You are right about getting your house on the market before the neighbors.

Mar 03, 2015 11:29 AM #3
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Rainmaker
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Lisa Wiseman

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