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

We had only 7 new listings this week of single family homes as oppose to 11 listings last week. 18 houses changed status to pending as oppose to 14 the week before and 6 closed escrow the same as the week before.

The inventory is slightly better. 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 b that closed escrow this week sold significantly above the asking price 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 : 7
Pending: 18
Sold: 6

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
431 VINE STREET 302 County / Alameda Area	$2,299,000 4/28/2013	3	2	0	2,350
171 STONE PINE LANE 305 Middlefield to El Camino	$1,325,000 4/28/2013	3	2	1	1,980
1047 SONOMA AVENUE 309 Flood Park Area	$1,298,000 4/25/2013	3	2	0	1,456
4218 FAIR OAKS AVENUE 311 County Area / Fair Oaks Ave	$1,499,888 4/24/2013	5	3	1	2,840
2312 LOMA PRIETA LANE 301 Sharon Heights / Stanford Hills	$4,649,000 4/22/2013	6	6	1	7,583
777 SHARON PARK DRIVE 301 Sharon Heights / Stanford Hills	$3,500,000 4/22/2013	3	3	1	2,900
200 TERMINAL AVENUE 310 East of U.S. 101	$499,000 3/7/2013	3	2	0	1,100

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2199 CLAYTON DRIVE 302 County / Alameda Area	$3,395,000 4/19/2013	N/A 4/27/2013	4	3	1	3,196	5/17/2013
1111 MADERA AVENUE 310 East of U.S. 101	$448,000 4/17/2013	N/A 4/29/2013	2	1	0	1,180	5/31/2013
230 EAST CREEK DRIVE 305 Middlefield to El Camino	$1,225,000 4/16/2013	N/A 4/29/2013	2	1	1	1,370	5/29/2013
1043 SONOMA AVENUE 309 Flood Park Area	$799,950 4/15/2013	N/A 4/25/2013	2	1	0	1,250	5/21/2013
655 18TH AVENUE 311 County Area / Fair Oaks Ave	$729,800 4/15/2013	N/A 4/25/2013	2	1	0	960	5/29/2013
217 MARMONA DRIVE 308 Willows / O'Conner Area	$1,850,000 4/15/2013	N/A 4/26/2013	4	2	0	2,150	5/27/2013
114 UNIVERSITY DRIVE 304 Allied Arts / Downtown	$1,388,000 4/14/2013	N/A 4/24/2013	3	1	1	1,890	5/21/2013
240 MENLO OAKS DRIVE 307 Menlo Oaks Area	$2,399,000 4/11/2013	N/A 4/25/2013	4	2	1	2,090	5/31/2013
147 EAST CREEK DRIVE 305 Middlefield to El Camino	$1,998,000 4/4/2013	N/A 4/16/2013	3	2	1	1,859	5/7/2013
233 OCONNOR STREET 308 Willows / O'Conner Area	$1,875,000 4/3/2013	N/A 4/24/2013	4	3	0	2,775	5/29/2013
330 COTTON STREET 303 Central Menlo	$3,295,000 4/1/2013	N/A 4/13/2013	4	3	0	3,020	5/17/2013
763 SAN BENITO AVENUE 311 County Area / Fair Oaks Ave	$549,000 4/1/2013	N/A 4/11/2013	2	1	0	760	5/11/2013
1132 HENDERSON AVENUE 310 East of U.S. 101	$499,000 3/28/2013	N/A 4/5/2013	2	1	0	1,050	5/6/2013
779 15TH AVENUE 311 County Area / Fair Oaks Ave	$599,000 3/27/2013	N/A 4/12/2013	2	1	0	940	4/26/2013
1144 CASTLE WAY 303 Central Menlo	$4,450,000 3/25/2013	N/A 4/25/2013	6	5	0	4,612	5/1/2013
1361 SHERMAN AVENUE 302 County / Alameda Area	$1,800,000 3/22/2013	N/A 4/12/2013	4	3	0	3,010	5/10/2013
500 8TH AVENUE 311 County Area / Fair Oaks Ave	$1,590,000 2/13/2013	N/A 4/13/2013	4	3	1	3,030	6/14/2013
168 HILLSIDE AVENUE 302 County / Alameda Area	$2,695,000 11/26/2012	N/A 4/22/2013	5	4	1	3,687	5/21/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
10 PERRY AVENUE 302 County / Alameda Area	$2,595,000 4/26/2013	$2,700,000 4/26/2013	4	3	0	2,524	4/26/2013
928 ARBOR ROAD 303 Central Menlo	$1,295,000 3/31/2013	$1,550,000 4/4/2013	3	2	0	1,936	4/25/2013
25 LA LOMA DRIVE 301 Sharon Heights / Stanford Hills	$1,995,000 3/16/2013	$2,300,000 3/27/2013	4	2	0	2,180	4/24/2013
137 STONE PINE LANE 305 Middlefield to El Camino	$1,199,000 3/8/2013	$1,550,000 3/20/2013	3	2	1	2,229	4/4/2013
2035 SANTA CRUZ AVENUE 302 County / Alameda Area	$979,000 3/8/2013	$1,061,000 3/21/2013	2	1	0	980	4/18/2013
375 ARDEN ROAD 306 Felton Gables	$1,995,000 3/4/2013	$2,300,000 3/7/2013	3	2	1	2,305	4/19/2013