About San Jose's Almaden

Here are some current Inventory numbers for week 10 in the Almaden area (95120)... once again, it's our interpretation of what the market is really doing and where it's heading.

More Real Estate and Less Hype

• 3 Single family homes currently listed as bank owned
• 19 Single family homes currently listed as short sales
• 23 Single family homes are currently overpriced
• 26 Single family homes sold in the past 90 days
• 50 Single family homes in escrow (12 short sales)
• 104 Single family homes listed for sale
• 54 Total homes in foreclosure
• $910,500 Median sale price for single family homes in past 90 days

Here are some current Inventory numbers for week 9 in the Almaden area (95120)... once again, it's our interpretation of what the market is really doing and where it's heading.

More Real Estate and Less Hype

• 2 Single family homes currently listed as bank owned
• 19 Single family homes currently listed as short sales
• 23 Single family homes are currently overpriced
• 30 Single family homes sold in the past 90 days
• 40 Single family homes in escrow (9 short sales)
• 94 Single family homes listed for sale
• 53 Total homes in foreclosure
• $879,000 Median sale price for single family homes in past 90 days

Here are some current Inventory numbers for week 8 in the Almaden area (95120)... once again, it's our interpretation of what the market is really doing and where it's heading.

More Real Estate and Less Hype

• 3 Single family homes currently listed as bank owned
• 18 Single family homes currently listed as short sales
• 24 Single family homes are currently overpriced
• 34 Single family homes sold in the past 90 days
• 41 Single family homes in escrow (10 short sales)
• 93 Single family homes listed for sale
• 52 Total homes in foreclosure
• $841,000 Median sale price for single family homes in past 90 days

Mr. Winter - Do You Know the Way to San Jose?

San Jose has experienced unseasonably beautiful and warm weather. Today was no exception. After finishing my grocery shopping at Trader Joe’s and running a few errands, I planned to return to my office.

It was far too nice today to rush anything. My inspiration lead me to Almaden Lake Park. I took a nice long walk and listened to the geese … my goodness they are noisy!

If you are considering selling your Almaden home contact me for a free market analysis. Let me show you how my multi-step marketing plan will sell your home fast, before the competition!

Call 1-800-972-1822

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Almaden Neighborhood of San Jose. So here's what happened:

Single family and condo townhomes :

Total sales: 355

Short Sales: 39

REO: 20

Distressed sales as a percentage of total sales: 16.6%

Compare to 2010

Total sales: 384

Short Sales: 28

REO: 14

Distressed sales as a percentage of total sales: 10.9%

My conclusion:

The percentage of distressed properties in Almaden is higher in 2011 over 2010. While a 16.6% distressed property sale percentage is probably not enough to affect values, i think the increase may be indicative of a nationwide trend of higher priced homes being the fastest growing distressed segment. Many of these higher priced homes were purchased with no down payment and interest only loans. When the interest only loan period is up the payments can double. With no equity refinancing is not possible, and some of these home owners are in trouble.

If you have any questions about short sales or bank owned homes please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194