Jeff Stricker & Steve Tenbroeck
Alain Pinel
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Welcome

Whether you are a first time buyer or seller, or have been through multiple transactions, you might be surprised by how quickly the real estate market changes in Los Altos, Palo Alto and surrounding communities. You need hard-hitting historical data, current market analysis, and insider experience to stay informed and succeed in these real estate markets.

As a service to their clients, Jeff Stricker and Steve TenBroeck of Alain Pinel Realtors provide regular market analysis and commentary. You are invited to read the entries below, add your comments, ask questions or contact them directly.

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

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

Jeff and Steve’s Mid-Year Real Estate Market Snapshot

SF Peninsula & Silicon Valley: Mid-Year 2015 Compared to Last Year and Five Years Ago

A SLOWING MARKET?

Some real estate commentators have reported that the current market has “changed”. The market is always changing as it cycles through the year. Many people are surprised to find out that from mid-June to the end of July is normally the second slowest part of the year after the winter holidays. Children get out of school and families travel, as we have become more and more like Europe in how we vacation. So currently there is a slight reduction in market activity. Properly priced homes are still receiving multiple offers, albeit with a slightly reduced number of offers per home. Most homes continue to sell for well over the asking price. And inventory remains low in the communities below.

MidYear2015_1 Read the rest of this entry »

Topics: Commentary, First Half Review, Market Trends      Comments Off on Jeff and Steve’s Mid-Year Real Estate Market Snapshot