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

We had only 8 new listings of single family homes coming on the market last week in Menlo Park as oppose to 5 the week before. 9listings changed status to pending the week before as oppose to 15 the week before and 6 listings closed escrow last week as oppose to 7 the week before.

Our market activity is directly connected to the number of new listings that comes on the market each week; if we were to have more listings coming on the market we would sell more houses.

New listings are selling within one week. Multiple offers on most of the listings is the norm. All listings that closed escrow this week sold significantly above the asking price but one  confirming a strong market for the year

The inventory is very low. 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 : 8
Pending: 9
Sold: 6

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
730 18TH AVENUE 311 County Area / Fair Oaks Ave	$699,000 3/25/2013	2	2	0	982
1122 BERKELEY AVENUE 310 East of U.S. 101	$450,000 3/23/2013	3	1	0	1,040
1361 SHERMAN AVENUE 302 County / Alameda Area	$1,800,000 3/22/2013	4	3	0	3,010
208 IVY DRIVE 310 East of U.S. 101	$629,000 3/21/2013	4	2	0	1,574
471 OCONNOR STREET 308 Willows / O'Conner Area	$998,000 3/20/2013	4	3	1	2,050
177 OAK COURT 308 Willows / O'Conner Area	$1,099,000 3/19/2013	2	1	0	1,200
1203 NORTH LEMON AVENUE 303 Central Menlo	$2,495,000 3/18/2013	4	2	1	2,617

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1877 CAMINO A LOS CERROS 302 County / Alameda Area	$4,398,000 3/16/2013	N/A 3/22/2013	6	5	0	4,608	4/22/2013
828 14TH AVENUE 311 County Area / Fair Oaks Ave	$899,000 3/14/2013	N/A 3/21/2013	3	2	0	1,470	4/3/2013
100 BAYWOOD AVENUE 308 Willows / O'Conner Area	$1,049,000 3/11/2013	N/A 3/21/2013	3	2	0	1,880	4/9/2013
137 STONE PINE LANE 305 Middlefield to El Camino	$1,199,000 3/8/2013	N/A 3/20/2013	3	2	1	2,229	4/4/2013
2035 SANTA CRUZ AVENUE 302 County / Alameda Area	$979,000 3/8/2013	N/A 3/21/2013	2	1	0	980	4/18/2013
200 TERMINAL AVENUE 310 East of U.S. 101	$499,000 3/7/2013	N/A 3/19/2013	3	2	0	1,100	4/19/2013
1112 CARLTON AVENUE 310 East of U.S. 101	$489,000 3/2/2013	N/A 3/21/2013	2	1	0	810	4/30/2013
2160 GORDON AVENUE 302 County / Alameda Area	$1,798,000 2/27/2013	N/A 3/18/2013	3	2	0	2,010	4/10/2013
42 BISHOP OAK COURT 300 Alpine Road Area	$2,698,000 1/2/2013	N/A 3/12/2013	3	4	0	3,432	3/29/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
448 FELTON DRIVE 306 Felton Gables	$1,255,000 3/11/2013	$1,385,000 3/14/2013	3	2	0	1,750	3/21/2013
1890 OAKDELL DRIVE 303 Central Menlo	$1,985,000 3/8/2013	$2,400,000 3/15/2013	3	2	1	2,020	3/21/2013
2123 STERLING AVENUE 302 County / Alameda Area	$1,250,000 3/4/2013	$1,378,000 3/11/2013	3	1	0	1,180	3/22/2013
555 OAKFIELD LANE 303 Central Menlo	$4,198,000 2/21/2013	$4,315,000 3/1/2013	6	4	0	4,103	3/21/2013
13 CAMPBELL LANE 301 Sharon Heights / Stanford Hills	$2,295,000 2/15/2013	$2,200,000 3/2/2013	3	2	2	2,907	3/19/2013
770 15TH AVENUE 311 County Area / Fair Oaks Ave	$1,125,000 1/14/2013	$1,125,000 2/19/2013	3	2	1	1,897	3/20/2013