Facts And Trends For Palo Alto Real Estate Market

Facts and Trends For Palo Alto  TM Published November 2011* Location:   Palo Alto Price Range:   $0 - No Limit SQFT Range:   0 - No Limit Property Types:   Single Family Homes Bedrooms:   0 - No Limit Full Baths:   0 - No Limit Half Baths:   0 - No Limit Year Built:   0 - No Limit     Number of Homes For Sale vs. Sold vs. Pended (Jan. 2011 - Oct. 2011) Curnt vs. Prev Month Curnt vs. Prev 10 Months Oct. 11 Sep. 11 % Change Oct. 11 Jan. 11 % Change For Sale 45 56 -19.6% 45 43 4.7% Sold 23 34 -32.4% 23 17 35.3% Pended 29 32 -9.4% 29 21 38.1% Average Price per SQFT (Jan. 2011 - Oct. 2011) Curnt vs. Prev Month Curnt vs. Prev 10 Months Oct. 11 Sep. 11 % Change Oct. 11 Jan. 11 % Change Avg. Sq. Ft. Price 787 782 0.6% 787 746 5.4% Avg CDOM & SP/Orig LP % (Jan. 2011 - Oct. 2011) Curnt vs. Prev Month Curnt vs. Prev 10 Months Oct. 11 Sep. 11 % Change Oct. 11 Jan. 11 % Change Avg CDOM 40 30 33.3% 40 74 -45.9% Sold/Orig LP Diff. % 99 101 -2% 99 93 6.5% Average Price of For Sale and Sold (Jan. 2011 - Oct. 2011) Curnt vs. Prev Month Curnt vs. Prev 10 Months Oct. 11 Sep. 11 % Change Oct. 11 Jan. 11 % Change Avg. Active Price 2354 2491 -5.5% 2354 2364 -0.4% Avg. Sold Price 1455 1627 -10.6% 1455 1484 -2% Date 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 For Sale 43 46 54 59 49 58 62 47 56 45 New Listing 34 46 84 70 58 47 56 42 43 28 Sold 17 18 45 64 55 49 38 49 34 23 Pended 21 34 67 57 57 38 39 37 32 29 Months of Inventory (Closed Sales) 2.5 2.6 1.2 0.9 0.9 1.2 1.6 1 1.6 2 Months of Inventory (Pended Sales) 2 1.4 0.8 1 0.9 1.5 1.6 1.3 1.8 1.6 Absorption Rate (Closed Sales) % 39.5 39.1 83.3 108.5 112.2 84.5 61.3 104.3 60.7 51.1 Absorption Rate (Pended Sales) % 48.8 73.9 124.1 96.6 116.3 65.5 62.9 78.7 57.1 64.4 Avg. Active Price 2364 2355 2142 2647 2419 2126 2370 2311 2491 2354 Avg. Sold Price 1484 1986 2053 1836 1613 2077 1556 1569 1627 1455 Avg. Sq. Ft. Price 746 756 891 863 815 899 798 817 782 787 Sold/List Diff. % 100 98 102 102 104 104 102 105 102 101 Sold/Orig LP Diff. % 93 97 102 101 104 103 101 104 101 99 Days on Market 70 36 21 34 14 27 24 23 28 37 Avg CDOM 74 48 34 34 20 29 25 24 30 40 Median 1221 1771 1590 1635 1400 1625 1411 1380 1378 1400 If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart *All reports are published November 2011, based on data available at the end of October 2011. All reports presented are based on data supplied by Contra Costa, Bay East, MLSListings, San Fransisco MLS, Metrolist and BAREIS MLS. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.