Jeff Stricker & Steve Tenbroeck
Alain Pinel
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Archive for the 'Commentary' Category

Demand Continues in Spite of Wall Street

Wall Street’s fluctuations haven’t harmed demand for housing on the S.F. Peninsula a bit. If anything, demand is increasing! For example, Mountain View has performed phenomenally rising 88%+ in the last four years! In August, Los Altos lead in demand over supply with 27 sales during the month and only 19 active listings at months end. And Palo Alto had the highest average percentage of list price received by sellers: 116.0%.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of August for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact us.

Palo Alto Median Price

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Topics: Commentary, Market Trends, Monthly Snapshots      Please leave a comment.

July Market Trends

Inventory of homes for sale continued its downward slide in July. Buyers are anxiously paying what they can to get into a home. This market is not for the faint of heart! Sellers on the other hand are feeling very lucky indeed.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of July for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact us.

Palo Alto Median Price Read the rest of this entry »

Topics: Commentary, Market Trends, Monthly Snapshots      Please leave a comment.

Jeff and Steve’s Mid-Year Real Estate Market Snapshot

SF Peninsula & Silicon Valley: Mid-Year 2015 Compared to Last Year and Five Years Ago

A SLOWING MARKET?

Some real estate commentators have reported that the current market has “changed”. The market is always changing as it cycles through the year. Many people are surprised to find out that from mid-June to the end of July is normally the second slowest part of the year after the winter holidays. Children get out of school and families travel, as we have become more and more like Europe in how we vacation. So currently there is a slight reduction in market activity. Properly priced homes are still receiving multiple offers, albeit with a slightly reduced number of offers per home. Most homes continue to sell for well over the asking price. And inventory remains low in the communities below.

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Topics: Commentary, First Half Review, Market Trends      Please leave a comment.

Second Quarter 2015 Market Trends

The historical rise in housing prices has been caused by two basic factors: strong employment and a shortage of homes for sale. As long as those two factors continue, the market will continue to improve. At some point affordability will come into play. So far, that hasn’t been the case.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the Second Quarter for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact us.

Palo Alto Median Price

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Topics: Commentary, Market Trends, Quarterly Updates      Please leave a comment.

May Market Trends

Mountain View had the greatest increase in value in May, 28% year over year. It had the greatest amount paid, on average, over asking price, 116.4%. It also had the shortest time on the market, 9 days, on average. Google, among others, is on a tear! Subsequently, the lack of affordability is pricing many out of Palo Alto and Los Altos. The bull real estate market continues.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of May for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact us.

Palo Alto Median Price Read the rest of this entry »

Topics: Commentary, Market Trends, Monthly Snapshots      Comments Off on May Market Trends