I keep getting asked, "What does the local inventory of homes look like in the Silicon Valley Southern Pennisula Area?" So here is the answer
Menlo Park
66 single family homes currently available, 3.999M at the high end and 240K at the low end. Of the 66 homes available, 5 are banked owned or REO's and 6 are Short Sales
25 condo/townhouse currently available, 1.299 on the high end and 388,888 at the low end. Of the 25 condo/townhouses available, 1 is a bank owned or REO property and 2 are Short Sales
Palo Alto
67 single family homes are currently available, 8.595M at the high end and 725K at the low end. Of the 67 homes available, 2 are Short Sales
32 condo/townhouse are currently available, 3.495M at the high end and 338K at the low end. Of the 32 homes available, 1 is a Short Sales
Los Altos
42 single family homes are currenly available, 5.495M at the high end and 980K at the low end. Of the 42 homes available, 2 are Short Sales
13 condo/townhouse are currently available, 1.258M at the high end and 510K at the low end.
Mountain View
36 single family homes are currently available, 1.949M at the high end and 490K at the low end. Of the 36 single family homes 1 is bank owned or REO property and 2 are Short Sales
90 condo/townhouses are currently available, 848,500 at the high end and 175K at the low end. Of the 90 homes available, 9 are bank owned or REO's and 22 are Short Sales
Sunnyvale
108 single family homes are currently available, $1,349,950 at the high end and $339,000 at the low end. Of the 108 single family homes available, 5 are bank owned or REO's and 24 are Short Sales
76 condo/townhouses are currently available, $709,988 at the high end and $216,900 at the low end. Of the 76 homes available, 11 are bank owned or REO's and 26 are Short Sales
Cupertino
50 single family homes are currently available, $3,385,000 at the high end and $599,000 at the low end. Of the 50 homes available 2 are bank owned or REO's and 2 are Short Sales
20 condo/townhouse are currently available, $988,000 at the high end and $359,950 aat the low end.
Inventory is usually very low this time of year, but most sellers are very motivated so it can be a great time to buy.
If you would like to more about the market please do not hestitate to give me a call.
*-Based on information from the MLS Listings Inc., deemed to be reliable but not guarenteed.
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