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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 LISTINGS, PENDING AND SOLD LISTINGS IN ATHERTON

    Posted Under: Market Conditions in Atherton, Home Buying in Atherton, Home Selling in Atherton  |  April 14, 2014 8:08 AM  |  30 views  |  No comments

    We had 4 new listings of single family homes in Atherton last week  as oppose to 8 the week before. 4 listing changed status to pending as oppose to 1 the week before   and 4  listings  closed escrow last week as oppose to 4 the week before.

    The inventory is low.  The market remains a seller market.

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 4

    Pending : 4

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

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

    Posted Under: Market Conditions in Menlo Park, Home Buying in Menlo Park, Home Selling in Menlo Park  |  April 14, 2014 7:58 AM  |  28 views  |  No comments

    We had 7 new listings of single family homes in Menlo Park last as oppose to 6  the week before. 9 listings changed status to pending last week as oppose to 11 the week before and  5 listings  closed escrow last week as oppose to 10 the week before.

    All the listings sold at or above the asking price  signaling a continuing a strong seller's market

    The inventory is very low. 

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 7

    Pending : 9

    Sold : 5

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

  • New Record Highs In Home Prices

    Posted Under: Market Conditions in Palo Alto, Home Buying in Palo Alto, Home Selling in Palo Alto  |  April 10, 2014 10:19 AM  |  61 views  |  No comments

     The first quarter of 2014 produced new record prices in our local housing market. Inventory remained low, demand has been off the charts, and the influx of cash buyers willing to pay well above the list price is astonishing.

    The result is another incredible increase in median home prices from a year ago. The median price for single family homes went up 16% in Palo Alto (from $2,100,000 to $2,435,000), 6% in Menlo Park (from $1,805,000 to $1,913,000), 13% in Los Altos (from $2,100,000 to  $2,380,000), 30% in Atherton (from $3,510,000 to $4,555,000), 4% in Portola Valley (from $2,400,000 to $2,485,000) and 17% in Woodside (from $2,050,000 to $2,400,000).

    Multiple offer situations were the norm and drove the prices significantly above the list price. The sale to list price ratio was 113.9% in Palo Alto, 106.4% in Menlo Park, 113.6% in Los Altos, 102.5% in Atherton, 106.1% in Portola Valley and 98.1% in Woodside.

    During the first quarter, there were only 64 new listings in Palo Alto, 53 in Menlo Park, 46 in Los Altos, 24 in Atherton, 23 in Portola Valley and 21 in Woodside.

    The off-MLS market has also been active, with most off-MLS listings selling with multiple offers.

    The townhouse/condominium market was stronger than the market for single family houses. During the first quarter 21 units were sold in Palo Alto, with an incredible increase of 28% in median price (from $978,000 to $1,255,000). The sale to list price ratio was 110.5%. 15 units sold in Menlo Park with a 43% increase in median price (from $802,000 to $1,150,000). The sale to list price ratio was 107.7%.

    Today’s market is the ultimate seller’s market. If you are thinking about selling your home it is a great time to sell. If you are a buyer, make sure that you have an agent with intimate knowledge of the local market to help you compete with other potential buyers

  • WEEK IN REVIEW: ACTIVE LISTINGS, PENDING AND SOLD LISTINGS IN ATHERTON

    Posted Under: Market Conditions in Atherton, Home Buying in Atherton, Home Selling in Atherton  |  April 7, 2014 8:24 AM  |  90 views  |  No comments

    We had 8 new listings of single family homes in Atherton last week  as oppose to 2 the week before. 1 listing changed status to pending as oppose to 3 the week before   and 4  listings  closed escrow last week as oppose to 1 the week before.

    The inventory is low.  The market remains a seller market.

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 8

    Pending : 1

    Sold : 4
    For further details please click the following link:
    http://paloaltoproperties.blogspot.com/

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

    Posted Under: Market Conditions in Menlo Park, Home Buying in Menlo Park, Home Selling in Menlo Park  |  April 7, 2014 8:14 AM  |  89 views  |  No comments

    We had 6 new listings of single family homes in Menlo Park last as oppose to 7  the week before. 11 listings changed status to pending last week as oppose to 7 the week before and  10 listings  closed escrow last week as oppose to 7 the week before.

    All the listings sold at or above the asking price but one signaling a continuing a strong seller's market

    The inventory is very low. 

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 6

    Pending : 11

    Sold : 10

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

  • WEEK IN REVIEW: ACTIVE NEW LISTINGS, PENDING AND SOLD LISTINGS IN PALO ALTO

    Posted Under: Market Conditions in Palo Alto, Home Buying in Palo Alto, Home Selling in Palo Alto  |  April 7, 2014 8:01 AM  |  87 views  |  No comments

    We had 8 new listings of single family homes in Palo Alto last week the same as the week before. 5 listings changed status to pending last week as oppose to 15 the week before and 9 listings  closed escrow last week as oppose  5  the week before.

    All listings sold significantly above the asking price but one.

    The inventory is very low.  The market remains a seller market.

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 8

    Pending : 5

    Sold : 9


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

  • WEEK IN REVIEW: ACTIVE LISTINGS, PENDING AND SOLD LISTINGS IN ATHERTON

    Posted Under: Market Conditions in Atherton, Home Buying in Atherton, Home Selling in Atherton  |  March 24, 2014 8:10 AM  |  129 views  |  No comments

    We had 4 new listings of single family homes in Atherton as oppose to 5 the week before. 5 listings changed status to pending as oppose to 2 the week before   and 2 listings  closed escrow last week as oppose 4  the week before.

    The inventory is low.  The market remains a seller market.

    If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.me to discuss a plan to sell your home.

    Following is the detailed market activity for Palo Alto:

    Active : 4

    Pending : 5

    Sold : 2
    For further details please click the following link:
    http://paloaltoproperties.blogspot.com/

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