06 May, 2013

WEEK IN REVIEW: ACTIVEV NEW LISTINGS PENDING AND SOLD LISTINGS IN MENLO PARK


We had 12 new listings this week of single family homes as oppose to 7 listings last week in Menlo Park. 11 houses changed status to pending as oppose to 18 the week before and 14 closed escrow the as oppose to 6 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  but 4 listings 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 : 12
Pending: 11
Sold: 14


ACTIVE LISTINGS:

Address
Area
BR
FBA
PBA
4
2
1
3
2
0
4
3
1
4
3
1
2
2
0
4
3
1
3
3
0
3
3
0
3
2
0
3
2
0
3
1
0
5
3
0

PENDING LISTINGS:

Address
Area
BR
FBA
PBA
3
2
0
4
2
0
2
2
1
2
1
0
2
1
1
2
2
0
3
1
0
3
2
0
5
2
0
5
4
1
3
1
0

SOLD LISTINGS:

Address
Area
BR
FBA
PBA
4
2
0
5
4
0
3
2
0
3
2
0
4
3
0
6
5
0
2
2
0
982
4
3
1
2
1
0
4
2
0
4
3
0
5
4
2
5
4
1
4
3
1


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