Almaden “Super Quick” Real Estate Snapshot – 6/6/2013

51 Active Listings SFR (Single Family Residences)
Range $755,000 – $2,795,000
Average List Price $1,433,742
Average Square Feet – 3,172sf
Average Cost Per Square Foot – $467

64 Pending Listings SFR
Range $550,000 – $3,199,000
Average List Price $1,117,561
Average Square Feet – 2,388sf
Average Cost Per Square Foot – $473

186 Year to Date Sales (Closed Escrows)
Range $449,900 – $2,638,000
Average List Price $1,073,758
Average Square Feet – 2,463sf
Average Cost Per Square Foot – $444

As you can see from the numbers above, the average sold house price is much lower than the average active listings. $1,433,742 vs. $1,073,758 or a difference of $359,984. This difference implies that there are quite a few properties in Almaden Valley at the higher price ranges that are not selling as you can see. So when you see 51 active listings, you must understand that 30 of the active listing are above the average sale price of $1,073,758. While it’s great that the higher end properties are selling, they do take much longer to sell.

Remember, PRICE IT RIGHT THE FIRST TIME!

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