90274 Real Estate

Mid-Summer Musings on Valmonte Real Estate

Market climate - Valmonte There are currently 16 homes on the market, approximately double the amount year-over-year, and near the highest level in the current market cycle The absorption rate is 4.7 months, and nearing the peak of 6.4 months supply in October 2014   Prices on a square foot basis are near record highs ($734/ft) Days on Market for the last quarter are at record lows (41 days)...

Valmonte Remains a HOT Market

Things aren't showing any signs of slowing down here in the Valmonte real estate market. In just the last few weeks we've seen most new listings go into escrow with multiple offers.  The sweet spot seems to be move-in ready homes under $1.6 million. Houses in need of significant repairs or updates seem to be lingering around longer until there is a notable price drop. In the last week we saw 3908 Via...

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