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	List Price List Date	BR	FBA	PBA	SqFt
111 POPE STREET 308 Willows / O'Conner Area	$1,995,000 5/6/2013	4	2	1	2,094
1994 VALPARAISO AVENUE 302 County / Alameda Area	$1,475,000 5/6/2013	3	2	0	1,420
725 HOBART STREET 303 Central Menlo	$2,895,000 5/4/2013	4	3	1	2,930
1255 SANTA CRUZ AVENUE 303 Central Menlo	$2,390,000 5/3/2013	4	3	1	2,690
304 ENCINAL AVENUE 306 Felton Gables	$1,598,000 5/3/2013	2	2	0	1,230
3531 MIDDLEFIELD ROAD 311 County Area / Fair Oaks Ave	$1,495,000 5/1/2013	4	3	1	2,610
765 EVERGREEN STREET 303 Central Menlo	$2,295,000 4/29/2013	3	3	0	2,100
736 COLLEGE AVENUE 304 Allied Arts / Downtown	$2,395,000 4/29/2013	3	3	0	2,480
923 CONTINENTAL DRIVE 301 Sharon Heights / Stanford Hills	$2,395,000 4/29/2013	3	2	0	2,080
128 ELM STREET 308 Willows / O'Conner Area	$1,050,000 4/29/2013	3	2	0	1,110
1052 OAKLAND AVENUE 309 Flood Park Area	$938,000 4/28/2013	3	1	0	1,210
850 SHARON PARK DRIVE 301 Sharon Heights / Stanford Hills	$1,998,000 4/28/2013	5	3	0	2,870

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1047 SONOMA AVENUE 309 Flood Park Area	$1,298,000 4/25/2013	N/A 5/3/2013	3	2	0	1,456	6/4/2013
1038 OAKLAND AVENUE 309 Flood Park Area	$1,150,000 4/21/2013	N/A 5/3/2013	4	2	0	1,660	5/31/2013
1015 ATKINSON LANE 303 Central Menlo	$1,925,000 4/19/2013	N/A 4/30/2013	2	2	1	1,860	5/8/2013
1111 MADERA AVENUE 310 East of U.S. 101	$448,000 4/17/2013	N/A 4/29/2013	2	1	0	1,180	5/31/2013
230 EAST CREEK DRIVE 305 Middlefield to El Camino	$1,225,000 4/16/2013	N/A 4/29/2013	2	1	1	1,370	5/29/2013
889 WOODLAND AVENUE 308 Willows / O'Conner Area	$1,289,000 4/16/2013	N/A 5/1/2013	2	2	0	1,010	5/16/2013
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
200 TERMINAL AVENUE 310 East of U.S. 101	$499,000 3/7/2013	N/A 4/30/2013	3	2	0	1,100	5/30/2013
765 IVY DRIVE 310 East of U.S. 101	$598,000 2/14/2013	N/A 4/18/2013	5	2	0	1,560	5/17/2013
168 HILLSIDE AVENUE 302 County / Alameda Area	$2,695,000 11/26/2012	N/A 4/22/2013	5	4	1	3,687	5/21/2013
1327 SEVIER AVENUE 310 East of U.S. 101	$540,000 8/22/2012	N/A 5/2/2013	3	1	0	1,130	6/3/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1441 ALMANOR AVENUE 310 East of U.S. 101	$295,000 5/2/2013	$295,000 5/2/2013	4	2	0	1,460	5/2/2013
2220 CAMINO A LOS CERROS 302 County / Alameda Area	$2,800,000 4/12/2013	$2,800,000 4/12/2013	5	4	0	3,150	4/30/2013
3131 ALAMEDA DE LAS PULGAS 302 County / Alameda Area	$1,100,000 4/1/2013	$1,150,000 4/4/2013	3	2	0	1,645	4/30/2013
1500 ALTSCHUL AVENUE 302 County / Alameda Area	$1,525,000 3/29/2013	$1,825,000 4/1/2013	3	2	0	1,660	4/30/2013
145 CORNELL ROAD 304 Allied Arts / Downtown	$1,998,000 3/29/2013	$2,111,000 4/11/2013	4	3	0	2,290	5/2/2013
1144 CASTLE WAY 303 Central Menlo	$4,450,000 3/25/2013	$4,350,000 4/25/2013	6	5	0	4,612	5/1/2013
730 18TH AVENUE 311 County Area / Fair Oaks Ave	$699,000 3/25/2013	$798,000 4/4/2013	2	2	0	982	5/3/2013
471 OCONNOR STREET 308 Willows / O'Conner Area	$998,000 3/20/2013	$1,260,000 4/2/2013	4	3	1	2,050	4/29/2013
177 OAK COURT 308 Willows / O'Conner Area	$1,099,000 3/19/2013	$1,352,000 3/28/2013	2	1	0	1,200	4/30/2013
1372 SEVIER AVENUE 310 East of U.S. 101	$569,000 3/7/2013	$600,000 3/12/2013	4	2	0	1,580	4/26/2013
1430 ROSEMARY STREET 310 East of U.S. 101	$898,000 2/28/2013	$850,000 4/4/2013	4	3	0	2,020	4/30/2013
475 COTTON STREET 303 Central Menlo	$4,050,000 2/25/2013	$4,275,000 4/9/2013	5	4	2	4,784	4/30/2013
348 LENNOX AVENUE 306 Felton Gables	$3,498,000 1/7/2013	$3,200,000 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	$2,900,000 3/31/2013	4	3	1	3,600	4/30/2013