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

Annual Market Trends

Since 2009 the appreciation has been terrific! Single family homes in our area have nearly doubled in value. This high rate of appreciation is caused by a lack of available housing. Sellers are staying in their homes longer while the population and number of high paying jobs grows. We do not see any changes to this situation on the horizon. Happy New Year Homeowners!


In the charts below, you’ll find 15 years of data for market activity and median sales price for the Year 2015 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: Annual Report, Commentary, Market Trends      Please leave a comment.

November Market Trends

The “bullish” housing market continued in November. The primary difference from last year is a softening of the average list price received by sellers (102.1% vs. 111.9% in Palo Alto). We believe this was caused by sellers of poorly located properties or homes in poor condition trying to get as much for theirs as sellers of well-located and well-kept homes. Los Altos had the lowest inventory of homes for sale ever with just four homes for sale! It’s a great time to be a seller.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of November 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      Comments Off on November Market Trends

October Market Trends

The Los Altos/Palo Alto area real estate market behaved as it normally does during the fourth quarter of most years, with slightly fewer sales occurring, and less homes coming to market during October. With fewer homes for sale the market is actually strengthening (note the percentage of list price received by sellers in the graphs below). Many agents are stating that the market is weakening, and that is not accurate.  The only area where a slowdown can be observed is Los Altos Hills. In the other areas multiple offers are still occurring routinely. We expect this bullish trend to continue until year-end as it did in 2014 and 2013.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of October 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 October Market Trends

Third Quarter 2015 Market Trends

We have observed a very slight uptick in inventory of homes for sale this quarter. That hasn’t had an effect on the sales prices received and the over-asking price bidding wars. Buyers still greatly outnumber the homes for sale. As long as that trend continues prices are going to rise.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of Third 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 Read the rest of this entry »

Topics: Commentary, Market Trends, Quarterly Updates      Comments Off on Third Quarter 2015 Market Trends

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

Read the rest of this entry »

Topics: Commentary, Market Trends, Monthly Snapshots      Comments Off on Demand Continues in Spite of Wall Street