WEEK IN REVIEW: ACTIVE LISTINGS, PENDING AND CLOSED LISTINGS IN MENLO PARK

We had 13 new listings this week of single family homes as oppose to 17 listings last week. 18 vhouses changed status to pending as oppose to 13 the sweek before and 4 closed escrow as oppose to 11 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 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 : 13
Pending: 18
Sold: 4

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
114 UNIVERSITY DRIVE 304 Allied Arts / Downtown	$1,388,000 4/14/2013	3	1	1	1,890
440 9TH AVENUE 311 County Area / Fair Oaks Ave	$1,295,000 4/14/2013	3	2	0	1,730
600 HOBART STREET 303 Central Menlo	$3,936,000 4/13/2013	6	4	1	4,820
240 MENLO OAKS DRIVE 307 Menlo Oaks Area	$2,399,000 4/11/2013	4	2	1	2,090
123 NEWBRIDGE STREET 310 East of U.S. 101	$367,500 4/11/2013	3	3	0	1,150
9 HERITAGE PLACE 309 Flood Park Area	$959,000 4/11/2013	3	3	0	1,868
32 IRIS LANE 309 Flood Park Area	$899,000 4/9/2013	3	2	0	1,800
3515 MIDDLEFIELD ROAD 311 County Area / Fair Oaks Ave	$749,000 4/9/2013	3	2	0	1,160
1000 ALMANOR AVENUE 309 Flood Park Area	$1,540,000 4/8/2013	4	2	1	2,067
501 FANITA WAY 303 Central Menlo	$2,950,000 4/8/2013	4	3	0	2,942
4401 FAIR OAKS AVENUE 311 County Area / Fair Oaks Ave	$1,078,000 4/8/2013	3	2	1	1,940
1877 CAMINO A LOS CERROS 302 County / Alameda Area	$4,398,000 3/16/2013	6	5	0	4,608
150 NEWBRIDGE STREET 310 East of U.S. 101	$399,999 3/7/2013	2	1	0	980

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2220 CAMINO A LOS CERROS 302 County / Alameda Area	$2,800,000 4/12/2013	N/A 4/12/2013	5	4	0	3,150	4/30/2013
750 SAN BENITO AVENUE 311 County Area / Fair Oaks Ave	$689,000 4/11/2013	N/A 4/12/2013	2	1	0	980	5/11/2013
1872 CAMINO DE LOS ROBLES 302 County / Alameda Area	$3,498,000 4/5/2013	N/A 4/11/2013	5	4	1	3,750	5/8/2013
1224 WINDERMERE AVENUE 310 East of U.S. 101	$477,750 4/4/2013	N/A 4/11/2013	3	2	0	1,440	4/26/2013
1110 WESTFIELD DRIVE 303 Central Menlo	$1,995,000 4/4/2013	N/A 4/9/2013	3	2	0	1,820	6/11/2013
54 LORELEI LANE 309 Flood Park Area	$895,000 4/4/2013	N/A 4/13/2013	3	2	0	1,560	5/1/2013
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
145 CORNELL ROAD 304 Allied Arts / Downtown	$1,998,000 3/29/2013	N/A 4/11/2013	4	3	0	2,290	5/2/2013
30 LA LOMA DRIVE 301 Sharon Heights / Stanford Hills	$2,095,000 3/29/2013	N/A 4/10/2013	4	3	0	2,401	5/9/2013
1122 BERKELEY AVENUE 310 East of U.S. 101	$450,000 3/23/2013	N/A 4/11/2013	3	1	0	1,040	5/31/2013
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
2035 SANTA CRUZ AVENUE 302 County / Alameda Area	$979,000 3/8/2013	N/A 3/21/2013	2	1	0	980	4/18/2013
1112 CARLTON AVENUE 310 East of U.S. 101	$489,000 3/2/2013	N/A 4/9/2013	2	1	0	810	5/1/2013
475 COTTON STREET 303 Central Menlo	$4,050,000 2/25/2013	N/A 4/9/2013	5	4	2	4,784	4/30/2013
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
348 LENNOX AVENUE 306 Felton Gables	$3,498,000 1/7/2013	N/A 4/8/2013	5	4	1	4,140	5/3/2013
1052 SIERRA DRIVE 301 Sharon Heights / Stanford Hills	$2,950,000 11/9/2012	N/A 3/31/2013	4	3	1	3,600	4/30/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3129 BARNEY AVENUE 302 County / Alameda Area	$1,695,000 3/11/2013	$1,800,000 3/12/2013	3	1	1	1,920	4/9/2013
100 BAYWOOD AVENUE 308 Willows / O'Conner Area	$1,049,000 3/11/2013	$1,250,000 3/21/2013	3	2	0	1,880	4/9/2013
2160 GORDON AVENUE 302 County / Alameda Area	$1,798,000 2/27/2013	$1,750,000 3/18/2013	3	2	0	2,010	4/10/2013
341 Terminal AVENUE 310 East of U.S. 101	$475,000 7/17/2012	$495,000 2/26/2013	3	1	0	910	4/10/2013