The third quarter numbers are in for Menlo Park listings and sales, and the improvement in the market is worth noting.
Comparing third quarter 2010 with third quarter 2009 for single detached homes in all of Menlo Park:
Median Sold Price: up 2% 2009 ($1,207,000) 2010 ($1,234,250)*
Homes Sold: up 9% 2009 (99) 2010 (108)
Homes for Sale: up 15% 2009 (224) 2010 (257)
Days on Market: up 77% 2009 (27) 2010 (43)
*These numbers are based on sales in all parts of Menlo Park, including areas heavily hit with foreclosures as well as luxury home neighborhoods. For specific neighborhood market information, send your request to Wende@WendebytheBay.com.
Comparing third quarter 2010 with third quarter 2009 for condominium and townhouse homes in all of Menlo Park:
Median Sold Price: up 134% 2009 ($860,000) 2010 ($2,o12,500)
Homes Sold: down 33% 2009 (3) 2010 (2)
Homes for Sale: no change 2009 (7) 2010 (7)
Days on Market: down 67% 2009 (75) 2010 (25)
Comparing September 2010 to September 2009 for Single Detached Homes in all of Menlo Park:
Median Sold Price: down 1% 2009 ($1,100,000) 2010 ($1,103,500)
Homes Sold: up 52% 2009 (21) 2010 (32)
Homes for Sale: down 15% 2009 (171) 2010 (145)
Days on Market: down 5% 2009 (50) 2010 (57)
Comparing September 2010 to September 2009 for Condominium and Townhouse Homes in all of Menlo Park:
Median Sold Price: up 49% 2009 ($1,350,000) 2010 ($2,o12,500)
Homes Sold: no change 2009 (2) 2010 (2)
Homes for Sale: down 40% 2009 (5) 2010 (3)
Days on Market: up 350% 2009 (14) 2010 (63)**
**Because of the low number of units sold, the % change can appear to be overly dramatic.
For more data on Menlo Park listings and sales in general and for information specific to individual neighborhoods, price ranges, and other San Francisco Peninsula cities, contact Wende Schoof at Wende@WendebytheBay.com or call 650-504-0219.
Data provided by Terradatum.com
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