This Almaden Valley real estate market report represents home sales for the end of 2018 through spring of 2019 in the residential zip code of 95120. We are reporting a period where Almaden Valley real estate has slowly moved away from an intense seller’s market to a slightly slower pace. It still favors sellers but buyers can take a little more time in their home-buying decisions.
Almaden Valley is a neighborhood of San Jose and only 13 miles to the center of the city. Kathleen Daniels Broker and Owner of KD Realty, located in San Jose, assists buyers and sellers in Almaden Valley CA with luxury home buying or selling as well as selling condos and townhomes in the more affordable ranges. She also specializes in Probate and Trust home sales.
This Almaden Valley real estate market report reviews home sales from December 2018 through May 2019 for the zip code of 95120. This zip code is home to about 38,000 residents. Learn more information about the zip codes of San Jose and surrounding cities in Santa Clara County.
Almaden Valley Real Estate Market
Almaden Valley is named after the New Almaden Quicksilver Mines which in turn were named after Mercury mines in Almadén Spain. Many active mines were closed in 1975 and were converted in Almaden Quicksilver county park. The community shares gorgeous views of the park and mountains.
Real estate in Almaden offers a wide variety of homes. The neighborhoods in the community offer older properties as well as new condo complexes and luxury properties. This upscale community appeals to professionals working in Silicon Valley.
Many of the neighborhoods feature pools, golf, racquetball clubs, and parks. And don’t forget the mountain views. Almaden is a choice among workers in Silicon Valley with an easy 30-minute commute around the outside of the city of San Jose along Route 85.
Almaden Valley Real Estate Trends & Home Sales
Sellers and today buyers, like to know Almaden Valley real estate trends. How’s the local market doing? It determines the ability to sell and for how much, and the budget needed to buy a dream home in this location of vineyards, hills and a temperate climate.
In recent years the San Jose housing market has been one of the strongest in the country with homes selling above asking price. In the last year or so we have seen a tempering of activity and relaxation of sales but Almaden Valley real estate sale hold strong with most homes selling at or near asking price in under a month. Let’s look at more data for the Almaden Valley real estate market.
Home Sales Activity
- In this six months time frame, we’ve seen 136 homes sold in the Almaden Valley zip code.
- Lowest price home sold was $830,000
- The highest-priced home sold was $2,900,000
- Average sale price $1,554,572
- Average days on market for these sales was only 28 days.
- The longest for the highest-priced sale was 198 days.
- Some homes are still selling above asking price.
- The average home sold in Almaden offers 4 bedroom and 3 bathrooms and a whopping square footage price of $678.
Homes Available & Under Contract
- There are 61 properties for sale in Zipcode 95120, Almaden Valley. (As of May 2019).
- The average marketing time for the available MLS listings in Almaden Valley has increased to 33 days, a gradual increase.
- Homes under contract show an average of 28 days.
- Homes pending, ready to close show an average of 37 days.
Almaden Valley real estate market has still very strong and favors sellers. Sellers in the median price range for Almaden Valley can expect a fast sale, provided the property is priced right and presented well. Buyers should expect a $1 Million price tag or more for most homes, anything below that sells extremely fast and for more than asking price.
The longest time on market for a property now is 321 days, with a price tag of $5 Million. Almaden Valley properties are very much in demand.
Single Family Homes for Sale in Almaden Valley CA
Our gallery includes new homes for sale in Almaden Valley CA
Almaden Valley Vacant Lots
If building a home is more appealing take a look at the land for sale in Almaden CA. From small lots to acreage. They are limited in availability and may include old buildings to be torn down. The results are gorgeous views from your dream home.
Do you need to sell your Almaden Valley home? Are you interested in buying Almaden Valley real estate? Call Kathleen Daniels, Realtor | KD Realty @ 408-972-1822 for a home value consultation. Or fill in the quick form below.
If you are looking for a probate and trust specialist in Almaden Valley, there’s no other agent as experienced in these sales and purchases than Kathleen Daniels. Just mention to her you need help selling a property in probate. Or visit her probate website to learn more.