Jeff Stricker & Steve Tenbroeck
Alain Pinel
photo photo photo photo

Archive for the 'Monthly Snapshots' Category

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

Read the rest of this entry »

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

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

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      Comments Off on July Market Trends

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