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Jeff Stricker and Steve TenBroeck's Blog

By Jeff and Steve | Broker in Los Altos, CA
  • Menlo Park On Fire This Spring!

    Posted Under: Market Conditions in Menlo Park, Home Selling in Menlo Park, In My Neighborhood in Menlo Park  |  April 27, 2012 12:18 PM  |  291 views  |  No comments
    Have you ever seen Menlo Park's homes average days on market below 20? We certainly haven't seen it this low in many years especially for March! In fact in the last 10 years the average days on market have been above 30 with a high of 65 in 2009. These amazing statistics for Menlo park don't stop there, We also have the average percentage of list price received at 101.2% with the meridian sale price at $1,046,000 only slightly down from last year, but this seems to be a promising year for Menlo Park

    Click here for more charts and analysis for March sales activity in Palo Alto and surrounding communities for the last decade.
  • Market Snapshot - Over-bidding and Multiple Offers are the "New Normal"

    Posted Under: Market Conditions in Menlo Park, Home Buying in Menlo Park, Home Selling in Menlo Park  |  February 28, 2012 11:56 AM  |  328 views  |  No comments
    LinkedIn employees and investors are leading the way in the early days of 2012 and the community is a buzz about the upcoming Facebook IPO.  With all of this activity, it’s clear that Menlo Park and Palo Alto are ground zero for much of the new wealth in the area. The multiple offers and over-bidding are reminiscent of the dot-com boom of ’99-’00.  

    Click here to see charts and more analysis on Menlo Park and surrounding communities.
     
 
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