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Archive for the 'Quarterly Updates' Category
Consumer Confidence Up in the West, Bucking the National Trend
The economic recovery has certainly gained traction on the San Francisco Peninsula & Silicon Valley! The Conference Board reported a decline in March, “The Conference Board Consumer Confidence Index®, which had increased in February, declined in March. The Index now stands at 63.4 (1985=100), down from 72.0 in February”, but broken down by region, consumer confidence in the Western U.S. was up significantly while confidence was down significantly in the eastern U.S.
Robust Fall Market in Los Altos, Palo Alto and Surrounding Towns
The election results are in and so are the Q3 2010 Single Family Home Sales stats. Take a look at the charts below for the communities of the South and Mid-San Francisco Peninsula. All indicators are up: closed sales, inventory, new listings and sales price. Days-on-market is down which means that the best properties are moving fast. Read the rest of this entry »
Q2 Market Report: Real Estate Continues to Improve
Prices are up – and days on the market are down!
In Palo Alto, Los Altos and surrounding communities, the residential real estate market continued to recover in the 2nd quarter of ’10. Supply and demand continued to move back in favor of sellers with multiple offers common and prices rising.
See charts, commentary and analysis on the next page.