Almaden Home Sales Rebound
The Almaden resale home market got off to a slow start during the first quarter of 2009, and inventory grew quite high by the end of March. But the trend appears to have improved during the past two and a half weeks as there have been 18 new pending sales across a broad…
Saratoga Closed Home Sales Recap
Here is a summary of the past 22 closed home sales in Saratoga, CA. Sale Prices List Prices Minimum: $725,000.00 Minimum: $775,000.00 Average: $1,431,514.00 Average: $1,968,285.00 Median: $1,305,000.00 Median: $1,464,500.00 Maximum: $3,800,000.00 Maximum: $6,998,550.00 Average Days On Market: 65 Average Days In Escrow: 29 Rick Bonetti | APR Referral Network…
Saratoga 1st Quarter 2009 Real Estate Recap
During the first quarter of 2009, Saratoga, CA had 18 detached homes and 1 attached home closed escrow. 129 detached homes were added to the market and the total inventory climbed to 164. There are currently 19 detached homes and 3 attached homes “sale pending” in escrow and while this…
Spring in Saratoga
In a matter of days the blossoms of Saratoga’s few remaining cherry orchards have turned to green leaves. President Obama had a successful G20 conference in London and the stock market has rallied and the Dow closed again today above 8000. Homebuyers are returning to the market. Spring is in…
Saratoga Luxury Market Heats Up
This past week there have been several new pending sales in the upper end of the Saratoga, CA real estate market, which suggest that savvy buyers are finding opportunity in the market and motivated sellers are coming together. Â In addition to the escrow closing this past week of 16150 Cuvilly…
Read the Last Paragraph
Don’t just read the headlines of a news story - read the last paragraph first to get the real story. Headlines are written to grab your attention and sell newspapers. Today, the headline of the print version of the Mercury News shouts “Grimmer Economic Forecast For State;” The online version more dispassionately states “State’s Economy…
Stay-cation
A builder friend of mine, Paul Conrado sent out a direct mail advertisement asking “Why wait for a resort vacation when every day can be a relaxing get-a-way?” The clever mailer included a “Building Pass” in the form of a faux travel ticket inviting you to “transform your current residence into…
Saratoga Home Sales
There have been five closed sales in Saratoga in the past two weeks: 15670 Glen Una Drive, a 10,385+/-sf home on 2.75+/-ac, listed at just under $7 million, sold for an undisclosed amount after being listed for 337 days; 15139 Park Drive sold at $2.175 million; 19581 Scotland Drive sold…
Saratoga, Los Gatos/MS and Almaden Markets Currently Imbalanced
Currently, Santa Clara County has 6,160 Detached homes on the market, 1,951 (31%) of which are Pending. Cambrian has 225 homes on the market, 81 (36% ) of which are Pending. Campbell with 202 homes on the market, 49 (24%) of which are Pending. Almaden has 141 homes on the…
Campbell, CA Resale Housing Market Update
Homes are selling in Campbell! In MLS Market Area 15 the past 15 days there have been 17 new pending sales and only 5 (29%) of them have been short sales or real estate owned by a bank. They range the full price spectrum of Campbell, but the largest segment…
Campbell, CA Resale Housing Market
Properties are selling in in the Campbell Market Area 15 at all price ranges under $1.0 million down to about $450,000! There are currently 46 homes “sale pending”. The “average” price prior to selling is $680,739 for a 1763 sq. ft. home that was on the market 96 days. There…
Saratoga Resale Home Activity
Since my last Saratoga real estate market update about a week ago there have been 3 new pending sales including a beautiful $4.888 million home on Spaich Ct. A $1.48 million home on Sanborn Road and a $799,950 home on Paseo Flores were also sold after being on the market only…
Monte Sereno Real Estate Trends
 Monte Sereno is part of MLS Marketing Area 16 and shares zip code 95030 with portions of Los Gatos, CA. The graph above shows trends in available inventory, pending and closed transactions through January 2009. There are currently 27 available properties (as of 2/23/09), ranging in price from $1.23 million…
Saratoga Real Estate Market Update
Finally the Saratoga real estate market is seeing some positive activity this past week with 5 pending sales including a nice building site (with older house) in the Glen Una neighborhood. 20 properties were added to the inventory or changed price, but the overall detached home increased by only 6.…
Saratoga Real Estate Market Snapshot
The 2009 Saratoga resale housing market is slower to catch fire than in previous years and prices the last couple of weeks are dropping as sellers get serious about the realities of the market place. The first two weeks of February have seen an increase in available inventory and 6…
