01 April, 2013

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

We had only 9 new listings of single family homes coming on the market last week in Menlo Park as oppose to 8 the week before. 8 listings changed status to pending the week before as oppose to 9 the week before and 11 listings closed escrow last week as oppose to 6 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 either above the asking price or close to asking  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 : 9
Pending: 8
Sold: 11

ACTIVE LISTINGS:

Address
Area
3
2
0
4
3
0
6
6
1
4
3
0
3
2
0
2
1
0
2
1
0
2
2
0
6
5
0
PENDING LISTINGS:

Address
Area
3
1
0
2
1
0
4
2
1
4
3
1
4
2
0
3
2
0
4
2
0
2
1
0
SOLD LISTINGS:

Address
Area
4
2
0
3
2
0
2
1
0
3
2
0
3
2
0
3
2
0
4
2
1
3
2
0
4
4
0
3
4
0
2
1
0

No comments:

Post a Comment