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John Souerbry's Blog

By John Souerbry | Broker in Palo Alto, CA

Menlo Park (CA) March 2012 Home Sales Report

Here are the sales numbers for Menlo Park (CA) single family homes that closed escrow in March 2012.  Here are highlights:

· There were 36 total sales and only 4 distressed sales (1 REO and 3 short sales)

· Price per square foot ranged from $230 to $1,216 with a median of $699

· Median Days On Market was 12, with the vast majority selling within 30 days.  No other city in Silicon Valley is selling so fast.

· There are currently 63 homes for sale in Menlo Park, of which 33 are already in escrow


March 2012 Home Sales

Menlo Park home sales report March 2012 

DOM = Days On Market

Short sale = sold for less than mortgage balance, lender approval required

REO = Real Estate Owned, bank-owned foreclosure


Thinking about buying or selling?  Contact me!  john@jsrealproperty.com

Check back next month for April sales or subscribe to this blog!

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John A. Souerbry & Associates (DRE 01370983) john@jsrealproperty.com  (650) 815-6182

Tags: Silicon Valley Residential real estate, Menlo Park real estate Menlo Park homes for sale, Menlo Park REO foreclosure homes, Silicon Valley homes for sale, Silicon Valley real estate, Menlo Park real estate agents

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