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Samia Cullen's Blog

Bay Area Silicon Valley - Mid Penninsula Market Activity and Trends

By Samia Cullen | Agent in Palo Alto, CA

WEEK IN REVIEW: ACTIVE NEW LISTINGS, PENDING AND SOLD LISTINGS IN MENLO PARK

We had 5 new listings last week of single family homes as oppose to 6 the week before in Menlo Park. 7houses changed status to pending as oppose to 6 the week before and 5 closed escrow as oppose to 9 the week before.

The inventory is  low with only 28 active listings in Menlo park. Most of the new listings are selling within one week. One house had price reduction before it sold. All listings  that closed escrow this week sold significantly above the asking price but one confirming a continuing strong market for the year.

 The market remains a strong seller market

If you are thinking about selling your home, it is a great time to sell, contact me to help you establish a plan to sell your home.

Following is the detailed market activity for Menlo Park:

Active : 5

Pending: 7

Sold: 5
For further details please click on the following link: http://paloaltoproperties.blogspot.com

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