Almaden Valley has seen a continuing increase in its inventory. While Almaden seemed almost immune to the down market in many ways, the latest numbers are showing that even this desireable area is being hit by current market conditions. We had a big increase in the number of sellers putting their homes on the market in January. Worse, sales were the worst on record for ANY January, going all the way back to 1999.
Watch the presentation for all the details.
Summary Of Homes Sold In Almaden Valley |
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| Single Family Residential | ||||||||||||
| Address | City | Beds | Bath | DOM | CDOM | LOE | SqFt | $/SqFt | Lot(SqFt) | List Price | Age | Sale Price |
| SOLD | ||||||||||||
| 21294 Cinnabar Hills Rd | San Jose | 4 | 3 1/2 | 315 | 315 | 4,955 | $267.41 | 87,120 | $1,490,000 | 1 | $1,325,000 | |
| 728 Mairwood Ct | San Jose | 4 | 3 | 135 | 135 | 47 | 2,250 | $342.22 | 8,276 | $930,000 | 30 | $770,000 |
| 847 Portswood Ci | San Jose | 4 | 3 | 9 | 160 | 32 | 2,216 | $342.96 | 7,800 | $749,900 | 32 | $760,000 |
| 958 Wallace Dr | San Jose | 4 | 2 | 15 | 15 | 23 | 1,859 | $403.44 | 7,500 | $779,000 | 44 | $750,000 |
| 6208 Flowering Plum Rd | San Jose | 3 | 2 | 21 | 156 | 31 | 1,789 | $349.36 | 5,227 | $635,000 | 33 | $625,000 |
| AVERAGE VALUES | 99 | 156 | 33 | 2,614 | $341.08 | 23,185 | $916,780 | 28 | $846,000 | |||
| AVERAGE VALUES FOR ALL | 99 | 156 | 33 | 2,614 | $341.08 | 23,185 | $916,780 | 28 | $846,000 | |||
| Quick Statistics ( 5 Listings Total) | |||
| Min | Max | Median | |
| List Price | $635,000 | $1,490,000 | $779,000 |
| Sale Price | $625,000 | $1,325,000 | $760,000 |
A mixed bag of results for Morgan Hill in January of 2009. For the first time in a long while, we have finally seen the total inventory of homes drop in Morgan Hill. That is great news for a market that has been saturated with homes for a couple of years now.
Homes listed in January 2009 was also down from January of 2008. Believe it or not, sales are up a whopping 125% from the same time last year!
Check out the video presentation for all the details!
| Summary Of Homes Sold In Morgan Hill, CA | ||||||||||||
| Single Family Residential | ||||||||||||
| Address | City | Beds | Bath | DOM | CDOM | LOE | SqFt | $/SqFt | Lot(SqFt) | List Price | Age | Sale Price |
| SOLD | ||||||||||||
| 1720 Jasper Highlands Dr | Morgan Hill | 5 | 4+ | 320 | 320 | 36 | 7,175 | $320.56 | 113,691 | $2,699,000 | 11 | $2,300,000 |
| 15291 Sycamore Dr | Morgan Hill | 4 | 4+ | 108 | 178 | 26 | 4,280 | $467.27 | 1,279,357 | $2,195,000 | 5 | $1,999,900 |
| 17564 Holiday Dr | Morgan Hill | 4 | 3 1/2 | 185 | 185 | 35 | 3,596 | $291.99 | 23,522 | $1,175,000 | 36 | $1,050,000 |
| 250 Madrone Av | Morgan Hill | 4 | 2 1/2 | 32 | 32 | 21 | 2,400 | $343.75 | 108,900 | $875,000 | 31 | $825,000 |
| 615 Maple Av | Morgan Hill | 4 | 3 | 15 | 177 | 168 | 2,130 | $366.2 | 108,900 | $849,000 | 44 | $780,000 |
| 335 Calle Viento | Morgan Hill | 4 | 2 1/2 | 9 | 9 | 41 | 2,685 | $261.64 | 5,227 | $724,900 | 1 | $702,500 |
| 17071 Copper Hill Dr | Morgan Hill | 4 | 2 1/2 | 138 | 138 | 50 | 2,640 | $259.47 | 26,136 | $738,900 | 35 | $685,000 |
| 1490 Majorca Dr | Morgan Hill | 5 | 3 | 18 | 18 | 34 | 2,840 | $230.63 | 7,405 | $679,950 | 15 | $655,000 |
| 780 Diana Av | Morgan Hill | 4 | 3 | 101 | 101 | 53 | 2,372 | $273.61 | 7,840 | $628,900 | 15 | $649,000 |
| 820 E Central Av | Morgan Hill | 5 | 3 | 76 | 76 | 40 | 2,448 | $226.72 | 6,969 | $600,076 | 4 | $555,000 |
| 740 Encino Dr | Morgan Hill | 3 | 2 | 3 | 3 | 29 | 1,472 | $312.5 | 12,196 | $464,900 | 40 | $460,000 |
| 240 Via Naretto | Morgan Hill | 3 | 2 1/2 | 171 | 471 | 69 | 1,930 | $238.34 | 3,049 | $450,000 | 9 | $460,000 |
| 16675 Fountain Av | Morgan Hill | 3 | 2 | 16 | 16 | 21 | 1,177 | $382.33 | 6,534 | $429,900 | 34 | $450,000 |
| 935 Barrett Av | Morgan Hill | 4 | 2 1/2 | 156 | 256 | 35 | 1,622 | $271.27 | 4,356 | $467,950 | 11 | $440,000 |
| 18380 Berkshire Ct | Morgan Hill | 4 | 2 | 7 | 7 | 39 | 1,633 | $263.32 | 6,000 | $364,900 | 21 | $430,000 |
| 17950 Del Monte Av | Morgan Hill | 4 | 2 1/2 | 10 | 242 | 42 | 1,825 | $216.44 | 2,613 | $374,900 | 4 | $395,000 |
| 16840 Del Monte Av | Morgan Hill | 4 | 2 | 69 | 69 | 2 | 1,558 | $247.11 | 7,296 | $399,900 | 45 | $385,000 |
| 16959 Barnell Av | Morgan Hill | 2 | 2 1/2 | 11 | 11 | 35 | 1,199 | $241.87 | 435 | $269,900 | 18 | $290,000 |
| AVERAGE VALUES | 80 | 128 | 43 | 2,499 | $289.72 | 96,135 | $799,338 | 21 | $750,633 | |||
| AVERAGE VALUES FOR ALL | 80 | 128 | 43 | 2,499 | $289.72 | 96,135 | $799,338 | 21 | $750,633 | |||
| Quick Statistics ( 18 Listings Total) | |||
| Min | Max | Median | |
| List Price | $269,900 | $2,699,000 | $614,488 |
| Sale Price | $290,000 | $2,300,000 | $602,000 |
We continue to see a market that is deteriorating, but at least the rate that it is deteriorating is slowing. We originally saw some signs of recovery back in the summer months, but the meltdown of October really reset everything back into decline.
Even the good news in sales is clouded by the fact that the increase is due mostly to foreclosure and short sale homes that made up about 70% of the homes that sold in January 2009.
We take a look at all the housing numbers for August 2008 for Almaden Valley in Santa Clara County California. You can also see a general summary of the homes sold and the general statistics.
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Morgan Hill is still feeling the pinch of the down market. However, there are signs that we are just about at the bottom of the dowturn.
Average price is down, but not as dramatically as some previous months. Inventory is up, but this is to be expected as we work foreclosures and short sales out of the system. Other numbers, like total sales and homes added to the market are actually looking up.
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The professional choice for Southern Silicon Valley real estate. Check my website for real estate news, analysis and MLS access! Licensed since 1988! AIM:robertsoldit YIM:soldbyrobert
Born and raised in the Silicon Valley area. I started in Real Estate in 1988, fresh out of San Jose State University, and have watched as the market has taken some amazing turns.
I have a great track record of getting the lowest price for my buyers and the highest price for my sellers. I understand that my duty is to represent the best interests of my clients. That means I negotiate hard and effectively to get my client the best deal possible. I know what to watch out for and I am proud of my exceptional record of successfully closing transactions, even when it seemed like everything possible has gone wrong. I pride myself on being a problem solver who can make things happen after others have given up.
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