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palo alto: SF Mid Peninsula Market Watch - Week ending August 26, 2007 - 08/29/07 01:01 AM
SF Mid Peninsula Market Watch - Week ending August 26, 2007
Media reports regarding the condition of the mortgage industry continue to have a perplexing effect on buyers.  Some potential buyers aren't even attempting to qualify for loans for fear of rejection, and others are simply confused by what the media is reporting and think that reasonable loans don't exist any more.  The reality is that credit tightening has only affected a small percentage of buyers.  The fact is that they could be missing a good buying opportunity by waiting, or not trying to qualify.  I would be happy to introduce you to … (0 comments)

palo alto: In Defense of RAPL (What is RAPL Anyway?) - 08/18/07 03:51 PM
What statistic do you like to use to identify the current market dynamic?  Wouldn't it be nice if there were one statistic that would be easy to find or calculate and that would tell the whole story?  Well there isn't, so get over it.  But RAPL is nifty. 
The RAPL (Ratio of Active to Pending Listings ) is about as easy to get as doing a search in the area you're interested in.  If you perform a search for all current listings that haven't been sold, divide the number still available to write sell by the number in contract but not … (4 comments)

palo alto: Best of Tour - Palo Alto - July 29, 2007 - 08/15/07 03:12 AM
Mid Peninsula real estate tours are on Tuesday and Friday.  This home, listed by Coldwell Banker, was presented on Friday's tour in Palo Alto. 
Not the highest price home on tour, but if you have time to see only one house, take a look at 2120 Cowper Street in Palo Alto.  The listing shows it as over 6,000 square feet on a lot of over 7,500 square feet, 3 years old (in my book, 3 years old is better than new; the bugs have been worked out) and priced at $5,000,000.  Even if your budget doesn't take you that far, it is worth a look.  … (0 comments)

palo alto: Palo Alto Housing Prices Peak in May, 2007 - 08/15/07 03:01 AM
Palo Alto Market Performance as of July 2007
 
Palo Alto single family home prices reached a 5 year high in May at $1,617,498 (condos & townhouses peaked in April at $810,667) and have declined slightly since then. The inventory continues to be sparse and demand is high as evidenced by an inventory index of 29 (for each class) and a bid/asked ratio index of 106 for single family homes and 101 for condos & townhouses. All indexes are base March 2003; prices are 3 month moving average of median price. The big question is: How will the impact of tightened … (0 comments)

 

Don Diltz DRE:01204965

Menlo Park, CA

More about me…

Coldwell Banker

Address: 2633 Ocean Ave., San Francisco, CA, 94132

Office Phone: (415) 338-0200

Cell Phone: (650) 464-5555

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