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

We had only 9 new listings of single family homes coming on the market last week in Menlo Park as oppose to 8 the week before. 8 listings changed status to pending the week before as oppose to 9 the week before and 11 listings closed escrow last week as oppose to 6 the week before.

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 either above the asking price or close to asking  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 : 9
Pending: 8
Sold: 11

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
928 ARBOR ROAD 303 Central Menlo	$1,295,000 3/31/2013	3	2	0	1,936
145 CORNELL ROAD 304 Allied Arts / Downtown	$1,998,000 3/29/2013	4	3	0	2,290
1131 HOBART STREET 303 Central Menlo	$4,500,000 3/29/2013	6	6	1	5,430
30 LA LOMA DRIVE 301 Sharon Heights / Stanford Hills	$2,095,000 3/29/2013	4	3	0	2,401
1500 ALTSCHUL AVENUE 302 County / Alameda Area	$1,525,000 3/29/2013	3	2	0	1,660
1132 HENDERSON AVENUE 310 East of U.S. 101	$499,000 3/28/2013	2	1	0	1,050
779 15TH AVENUE 311 County Area / Fair Oaks Ave	$599,000 3/27/2013	2	1	0	940
730 18TH AVENUE 311 County Area / Fair Oaks Ave	$699,000 3/25/2013	2	2	0	982
1144 CASTLE WAY 303 Central Menlo	$4,450,000 3/25/2013	6	5	0	4,612

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1122 BERKELEY AVENUE 310 East of U.S. 101	$450,000 3/23/2013	N/A 3/28/2013	3	1	0	1,040	4/30/2013
177 OAK COURT 308 Willows / O'Conner Area	$1,099,000 3/19/2013	N/A 3/28/2013	2	1	0	1,200	5/2/2013
1203 NORTH LEMON AVENUE 303 Central Menlo	$2,495,000 3/18/2013	N/A 3/27/2013	4	2	1	2,617	4/17/2013
680 LEMON STREET 303 Central Menlo	$2,295,000 3/18/2013	N/A 3/29/2013	4	3	1	2,600	4/19/2013
25 LA LOMA DRIVE 301 Sharon Heights / Stanford Hills	$1,995,000 3/16/2013	N/A 3/27/2013	4	2	0	2,180	4/24/2013
828 14TH AVENUE 311 County Area / Fair Oaks Ave	$899,000 3/14/2013	N/A 3/21/2013	3	2	0	1,470	4/4/2013
678 COLLEGE AVENUE 304 Allied Arts / Downtown	$1,895,000 2/28/2013	N/A 3/11/2013	4	2	0	2,280	4/5/2013
820 18TH AVENUE 311 County Area / Fair Oaks Ave	$649,000 2/24/2013	N/A 3/13/2013	2	1	0	870	4/11/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
313 LAUREL AVENUE 308 Willows / O'Conner Area	$1,495,000 3/3/2013	$1,495,000 3/10/2013	4	2	0	1,866	3/29/2013
327 BAY ROAD 309 Flood Park Area	$1,289,000 2/23/2013	$1,410,000 3/5/2013	3	2	0	1,750	3/27/2013
1460 FRANKS LANE 302 County / Alameda Area	$1,195,000 2/19/2013	$1,320,000 2/26/2013	2	1	0	950	3/27/2013
451 VINE STREET 302 County / Alameda Area	$1,099,000 2/19/2013	$1,200,000 3/5/2013	3	2	0	1,200	3/26/2013
351 LELAND AVENUE 302 County / Alameda Area	$1,649,000 2/15/2013	$1,830,000 2/28/2013	3	2	0	1,740	3/28/2013
1031 BERKELEY AVENUE 309 Flood Park Area	$1,350,000 2/12/2013	$1,350,000 2/12/2013	3	2	0	2,000	3/22/2013
565 BARRON STREET 305 Middlefield to El Camino	$1,749,950 2/11/2013	$1,700,000 2/22/2013	4	2	1	2,340	3/26/2013
3637 FAIR OAKS AVENUE 311 County Area / Fair Oaks Ave	$865,000 2/4/2013	$894,000 2/21/2013	3	2	0	1,370	3/20/2013
800 WALLEA DRIVE 303 Central Menlo	$2,998,000 1/18/2013	$2,925,000 2/28/2013	4	4	0	2,810	3/25/2013
42 BISHOP OAK COURT 300 Alpine Road Area	$2,698,000 1/2/2013	$2,695,000 3/12/2013	3	4	0	3,432	3/29/2013
1157 SEVIER AVENUE 310 East of U.S. 101	$450,000 12/24/2012	$435,000 2/18/2013	2	1	0	960	3/29/2013