Palo alto market Update

EXPERIENCE THE DIFFERENCE

♦ 148 Single family homes have closed escrow since January 1, 2011 as oppose  to 112 homes for last year.


♦ The medium sale price for 2011 so far is $1,482,000; for last year same period is $1,436,000

♦The average sale price so far this year is $1, 756,000 as oppose to $1,587,000 last year
♦ Inventory is slightly on the the low side with 56 active listings as of today.
♦ The average close of escrow is  is 28 days this year as oppose to 55 days same period of last year.

♦ 38 houses sold this year above 2 million Dollars as oppose to 24 last year

 ♦ 32 houses sold between $1,900, 000 and $1,200,000

♦ The average days on the market is 38 days for sold properties this year.

Conclusion: The upper-end market is more active this year, the number of home sales is up.
The sale price trend is up, inventory is down.
For More detailed information about the market and other cities, please log-on at:

http://www.samiacullen.com/


Or call me at: 650-384-5392