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

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.

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 »

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When Will It End?

We have enjoyed the greatest bull market in real estate in memory. This includes the most overbidding for homes, as buyer compete for the few homes available. How long will it last? Prognosticators are evenly mixed on the subject. Some are saying in will go on for several years. While others claim the end is surely near. Whatever the case, home owners in our area are blessed indeed.


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of April 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 When Will It End?

A Sellers Dream Market

Again – extreme low inventory of homes for sale. Multiple offers, as is, no contingencies…40 to 50% of the offers have been “all cash” with a quick close and a free rent back for the sellers.  A person with a loan of 75- or 80% doesn’t have prayer in this market. They have to wait for properties that are over-priced in most cases.

The percentage of list price received by sellers is the highest we have ever seen (at the bottom of the Sales Price graphs).


In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of March 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 A Sellers Dream Market

February Market Trends

An extraordinary rise yet again in Feb!  One has to wonder, when does the current cycle end?  The fact is that no one knows. As long the overall economy stays healthy and jobs are created then the beat goes on.


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