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Jeff Stricker and Steve TenBroeck's Blog

By Jeff and Steve | Broker in Los Altos, CA
  • Hottest Market Since 2000

    Posted Under: Market Conditions in Palo Alto  |  March 10, 2013 8:26 PM  |  1,173 views  |  No comments

    See more at jeffandsteve.com
  • January Market Snapshot - Demand Mania!

    Posted Under: General Area in Palo Alto, Market Conditions in Palo Alto  |  February 14, 2013 8:39 AM  |  1,221 views  |  No comments
    Palo Alto median sales price eclipsed $2M in January -- first time ever for the month of January.  Check out more stats and analysis covering 15 years of data on jeffandsteve.com. 

  • As Hot as the 49ers! - Q4 Market Trends

    Posted Under: Market Conditions in Palo Alto, Home Buying in Palo Alto  |  January 14, 2013 2:47 PM  |  216 views  |  No comments
    Homes on the San Francisco Peninsula continue to be on fire. Check out the chart below showing Q4 median sales price and average % of list price received for the last 15 years in Palo Alto. 
    Fourth Quarter Sales Prices
    Click here to view more charts for Palo Alto and surrounding communities. 
  • August 2012 Market Trends - Palo Alto Sellers Are Ecstatic

    Posted Under: Market Conditions in Palo Alto  |  September 12, 2012 3:00 PM  |  149 views  |  No comments
    The median home sale price in Palo Alto was up 24% for the month of August 2012 over 2011. It continues to be a sellers market.  

    Below is a 15 year chart of median sales price for Palo Alto.  You can see it's an all time high at $1.710M.  

    Click here to access more market data, trends and commentary for Palo Alto and surrounding communities. 


    Source:Mlslistings.com 
  • April is fastest selling month in over 10 years!

    Posted Under: Market Conditions in Palo Alto, Home Buying in Palo Alto, Home Selling in Palo Alto  |  May 16, 2012 10:39 AM  |  243 views  |  No comments

    Palo Alto, Los Altos, and Menlo Park (west of Bay Rd) continue to be extremely hot markets. This is apparent in the average percentage of list price received by sellers. Sellers received 108.6% of list price in Palo Alto, on average, in April!  Buyers are anxious to get into a home in the better areas before they are “priced out”.  Most home owners, on the other hand, are in no hurry to sell as they watch their estimated values climb.

    The market typically slows for the summer months beginning toward the end of May. Demand normally picks back up in August. And, as long as local consumer confidence remains positive, that’s what we expect will occur this year.

    In the charts below, you'll find 10 years of data for market activity and median sales price in April in Palo Alto, Los Alto, Los Altos Hills and Menlo Park.

    Click here for more charts and analysis for March sales activity in Palo Alto and surrounding communities for the last decade.

  • Spring Fever - March Market Trends

    Posted Under: Market Conditions in Palo Alto  |  April 26, 2012 11:27 AM  |  191 views  |  No comments
    Ready...set..go 
    It too a record 14 Days (average) to sell a home in Palo Alto in March. That's the lowest since we started tracking the data over ten years ago. So buyers be ready to act and be prepared to offer over asking. In March the average sales price received was 108.8%. 
    Click here for more charts and analysis for March sales activity in Palo Alto and surrounding communities for the last decade.  
     
  • Q1 2012 Report - Feeding Frenzy - The Facebook Effect

    Posted Under: Market Conditions in Palo Alto, Home Buying in Palo Alto, In My Neighborhood in Palo Alto  |  April 13, 2012 7:26 AM  |  315 views  |  No comments
    Many buyers believe they will likely have to pay a lot more for homes once Facebook employees are able to cash out. Therefore, those buyers are willing to do “whatever it takes” to prevail in the multiple-offer-feeding-frenzy that is now happening up and down the Peninsula.
    We have seen these imbalances in supply and demand before, (’97-’00, ’05 -’07) but not at this intensity. The number of all-cash, non-contingent, quick close offers is truly amazing – and extremely daunting for buyers competing with those offers!

    Click Here to see charts for Q1 sales trends in Palo Alto, Los Altos, Menlo Park, Los Altos Hills, Atherton, Portola Valley and other communities along the San Francisco Peninsula. 
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