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

We had only 3 new listings last week of single family homes as oppose to 5 the week before in Menlo Park. 6 houses changed status to pending as oppose to 7 the week before and 8 closed escrow as oppose to 5 the week before.

The inventory remains low. Most of the new listings are selling within one week. One house had price reduction before it sold. All listings  that closed escrow this week sold significantly above the asking price but three confirming a continuing strong market for the year.

 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 : 3
Pending: 6
Sold: 8

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
91 LOYOLA AVENUE 311 County Area / Fair Oaks Ave	$975,000 8/15/2013	2	1	0	1,170
2043 SANTA CRUZ AVENUE 302 County / Alameda Area	$1,359,000 8/12/2013	4	2	0	1,560
965 SAN MATEO DRIVE 303 Central Menlo	$2,995,000 6/23/2013	4	3	1	3,113

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
203 HAIGHT STREET 308 Willows / O'Conner Area	$850,000 8/6/2013	N/A 8/6/2013	2	1	0	890	8/30/2013
301 STANFORD AVENUE 302 County / Alameda Area	$1,499,000 7/30/2013	N/A 8/16/2013	3	2	0	1,310	9/17/2013
2198 CLAYTON DRIVE 302 County / Alameda Area	$3,495,000 7/26/2013	N/A 8/13/2013	5	3	1	3,912	9/24/2013
611 MENLO OAKS DRIVE 307 Menlo Oaks Area	$2,698,000 7/19/2013	N/A 8/11/2013	3	2	0	1,830	9/10/2013
1180 NORTH LEMON AVENUE 303 Central Menlo	$4,298,000 5/13/2013	N/A 8/13/2013	7	5	1	5,310	8/20/2013
32 IRIS LANE 309 Flood Park Area	$899,000 4/9/2013	N/A 7/12/2013	3	2	0	1,800	8/21/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1003 ALMANOR AVENUE 309 Flood Park Area	$1,288,000 7/17/2013	$1,350,000 8/1/2013	4	2	1	2,056	8/16/2013
230 MORGAN LANE 305 Middlefield to El Camino	$1,575,000 7/12/2013	$1,640,000 7/22/2013	4	3	1	1,951	8/16/2013
1224 WINDERMERE AVENUE 310 East of U.S. 101	$729,950 7/12/2013	$675,000 8/2/2013	3	2	0	1,440	8/15/2013
2061 Sterling AVENUE 302 County / Alameda Area	$1,395,000 7/11/2013	$1,585,000 7/23/2013	4	2	0	1,560	8/13/2013
885 SAN MATEO DRIVE 303 Central Menlo	$2,295,000 7/8/2013	$2,345,000 7/25/2013	3	3	0	1,879	8/14/2013
727 SAN BENITO AVENUE 311 County Area / Fair Oaks Ave	$1,250,000 6/21/2013	$1,160,000 7/2/2013	3	1	1	1,590	8/8/2013
130 STONE PINE LANE 305 Middlefield to El Camino	$1,200,000 6/10/2013	$1,191,500 6/28/2013	3	2	1	2,487	8/13/2013
1877 CAMINO A LOS CERROS 302 County / Alameda Area	$4,398,000 3/16/2013	N/A 7/12/2013	6	5	0	4,608	8/15/2013