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Archive for the 'Monthly Snapshots' Category
March 2011 Market Snapshot
Home sales data for Palo Alto, Los Altos, Los Altos Hills and Menlo Park have recently become available from MLSlistings.com. Here’s a look at data for March from the last 10 years and our commentary about what it means to you. If you would like information about another city or neighborhood, let us know.
In March of 2011 the inventory of single family homes for sale in the Palo Alto / Los Altos / Menlo Park area continued to decline. As (local) consumer confidence improves, home owners are in less of a hurry to sell and buyers are more motivated to buy. Meanwhile, total sales in Los Altos Hills and Palo Alto increased significantly from the past three years. Median sales prices were also up in all four areas.
The market is definitely heating up. In Palo Alto, Los Altos, and Menlo Park the market can now be officially classified as a “Seller’s Market” – meaning that there is less than a two month supply of homes for sale. Los Altos Hills is near to a “Balanced Market” for the first time in four years. Regardless of what may be happening in the rest of the Bay Area and USA, the housing market is definitely alive and well here!
February 2011 Market Snapshot
Home sales data for Palo Alto, Los Altos, Los Altos Hills and Menlo Park have recently become available from MLSlistings.com. Here’s a look at data for February from the last 10 years and our commentary about what it means to you. If you would like information about another city or neighborhood, let us know.
COMMENTARY
January 2011 Market Snapshot
Home sales data for Palo Alto, Los Altos, Los Altos Hills and Menlo Park have recently become available from MLSlistings.com. Here’s a look at data for January from the last 10 years and our commentary about what it means to you. If you would like information about another city or neighborhood, let us know.
COMMENTARY
In January of 2011 the inventory of single family homes for sale in the Palo Alto / Los Altos / Menlo Park area continued to fall. As consumer confidence improves, home owners are in less of a hurry to sell and buyers are more motivated to buy. The low sales in Los Altos and Palo Alto had more to do with the quality of the homes that were on the market in January. In other words if the homes had been accurately priced, given their location, size, and condition, there would have been many more home sales.
November Market Snapshot
Home sales data for Palo Alto, Los Altos, Los Altos Hills and Menlo Park have recently become available from MLSlistings.com. Here’s a look at data for November from the last 10 years and our commentary about what it means to you. If you would like information about another city or neighborhood, we’d be happy to provide it to you.
CHART OVERVIEW:
The charts below show the median sales prices in November, ’01 through ’10, plus the number of home sales each November, and the number of homes on the market on Nov 30th for Palo Alto, Los Altos, Menlo Park and Los Altos Hills. At the bottom of the charts, you will see the “months of inventory” (number of homes for sale divided by the number of sales), plus the average percentage of list price received by sellers during November of each year. Read the rest of this entry »
September 2010 Market Trends
The charts on the next page show the median sales prices for the third quarter of each year, ’01 through ’10.
At the bottom of the charts, you will see the average number of days it took to sell that quarter, plus the average percentage of list price received by sellers during Q3 of each year. Currently we are experiencing a “balanced” market – 2 to 4 months of supply of homes for sale in the Palo Alto / Los Altos area – favoring neither the buyer nor the seller. However, the most attractive – and attractively priced – homes are receiving multiple offers.