AGENT MLS HOME FINDER

The Almaden Valley real estate market, a subsidiary of the larger San Jose, Santa Clara and Silicon Valley real estate markets, is showing steady signs of improvement after the recent recession. According to a May 20, 2010 article from the San Jose Mercury News, “After months of strong increases in home sales, Santa Clara County posted only a slight gain in sales compared with April 2009, but the median price of the houses sold jumped 26 percent from a year earlier.” The piece, written by Sue McAllister, went on to note that “The median price of previously owned single-family houses that changed hands in Santa Clara County last month was $550,000, up 26.4 percent from $435,000 in April 2009, and flat from March 2010, according to a report Thursday from MDA DataQuick. A total of 1,185 houses sold in the county last month, up just 1.2 percent from the same time last year, and up 7 percent from March of this year.”

The average price of an Almaden Valley home for sale is likely to increase in the upcoming months, according to a May 9, 2010 article also from the San Jose Mercury News. This piece noted that “After nearly three years of bumpy decline, home values in Santa Clara County have bottomed out and are showing slight but steady appreciation, according to a report released today from real estate information company Zillow.” The piece by Sue McAllister went on to say that “Zillow noted in the largely upbeat report that the median estimated value of homes in the county in the first quarter of this year was $571,000, up 1.6 percent from a year earlier. And month by month, the company said, values have been rising in increments of 0.1 percent to 0.3 percent since June 2009.”

Coldwell Banker reported particular strength in the more exclusive portions of the Almaden Valley and Silicon Valley real estate markets. According to a May 26, 2010 press release from the company, “Silicon Valley’s high-end housing market continued to rebound from its recessionary lows with both sales and the median sale price climbing once again in April, according to Coldwell Banker Residential Brokerage, the Bay Area’s leading provider of luxury real estate services.”