Almaden “Super Quick” Real Estate Snapshot

48 Active Listings SFR (Single Family Residences)
Range $697,000 – $3,199,000
Average List Price $1,498,857
Average Square Feet – 3,244sf
Average Cost Per Square Foot – $472

55 Pending Listings SFR
Range $449,900 – $2,100,000
Average List Price $1,111,132
Average Square Feet – 2,572sf
Average Cost Per Square Foot – $441

130 Year to Date Sales (Closed Escrows)
Range $640,000 – $2,638,000
Average List Price $1,086,443
Average Square Feet – 2,503sf
Average Cost Per Square Foot – $443

As you can see from the numbers above, the average sold house price is much lower than the average active listings. $1,498,857 vs. $1,054,663. This huge $444K difference implies that there are quite a few properties in Almaden Valley at the higher price ranges that are not selling. There have only been eight sales over $1.5M and of that only three sales over $2M. Currently there are 21 active listings over $1.5M or 44% of the active inventory.

Remember, PRICE IT RIGHT THE FIRST TIME!

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