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

We had only one new listing of single family homes this week in Menlo Park, as oppose to two listings the week before. 5 listings changed status to pending as oppose to 3 the week before and 8 closed escrow the same as as oppose to 9 the week before.

Please note that all listings sold at or above the asking price but two.

The market remains a seller market, We are still having multiple offers on many listings in Menlo Park. There was also a flurry of private sales the last few weeks. Sellers who were not sure that December is the right time to list their home on the market and -wanted to take advantage of a lower capital gain that is expected to rise in 2013 - listed their homes off Mls and were surprised to get multiple offers on their homes.

Our inventory is at historic low for this time of the year, this is a signal that the coming year is going to be another strong seller market.

If you are thinking about selling your home in the next year, it is the time to contact your realtor to establish a plan to sell your home.

I provide a free market ansalysis to sellers and I will be happy to meet with you to discuss a detailed plan to achieve your goals quickly and stress free.

Following is the market activity for the last week:

ACTIVE   : 1
PENDING : 5  
SOLD       : 8

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	SqFt
446 8TH AVENUE 311 County Area / Fair Oaks Ave	$458,000 12/17/2012	2	1	970

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1756 STANFORD AVENUE 303 Central Menlo	$2,195,000 12/13/2012	N/A 12/20/2012	3	3	0	2,242	1/9/2013
501 7TH AVENUE 311 County Area / Fair Oaks Ave	$800,000 12/10/2012	N/A 12/20/2012	3	2	0	1,370	2/2/2013
925 ROBLE AVENUE 303 Central Menlo	$1,495,000 12/6/2012	N/A 12/19/2012	3	2	1	1,672	12/26/2012
1042 WINDERMERE AVENUE 309 Flood Park Area	$1,150,000 11/28/2012	N/A 12/23/2012	3	3	0	1,830	1/29/2013
560 7TH AVENUE 311 County Area / Fair Oaks Ave	$699,500 10/18/2012	N/A 11/16/2012	3	2	0	1,080	12/21/2012

SOLD LISTINGS:

Address Area		List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt		Close Date
918 COLLEGE AVENUE 304 Allied Arts / Downtown		$1,695,000 11/29/2012	$1,700,000 12/8/2012	3	2	0			12/18/2012
1090 CREEK DRIVE 304 Allied Arts / Downtown		$1,090,000 11/28/2012	$1,580,000 12/11/2012	3	2	0	1,560		12/17/2012
838 PARTRIDGE AVENUE 304 Allied Arts / Downtown		$1,085,000 11/26/2012	$1,138,000 12/5/2012	2	2	0	1,402		12/14/2012
3863 ALAMEDA DE LAS PULGAS 302 County / Alameda Area		$849,000 10/4/2012	$735,000 12/5/2012	3	1	0	1,250		12/17/2012
1129 HENDERSON AVENUE 310 East of U.S. 101		$399,000 9/24/2012	$476,000 10/19/2012	3	2	0	1,390		11/29/2012
670 RINGWOOD AVENUE 307 Menlo Oaks Area		$3,475,000 9/14/2012	$3,275,000 11/27/2012	4	2	1	3,164		12/21/2012
1360 ARBOR ROAD 303 Central Menlo		$2,750,000 6/15/2012	$2,675,000 11/16/2012	4	4	0	3,400		11/30/2012
612 COLLEGE AVENUE 304 Allied Arts / Downtown		$1,100,000 10/19/2012	$1,100,00010/19/2012	2		0	1,369		12/21/2012