Menlo Park October Home Sales Report

By
Real Estate Agent with Wende Schoof 01198641

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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For Real Estate Today, It's Wende By The Bay

 

Wende Schoof San Francisco Peninsula Realtor

Wende Schoof is a Keller Williams agent ready to help you with your residential real estate needs in the heart of the San Francisco Peninsula.

Primary locales: Redwood City, Menlo Park, Atherton, Woodside, Portola Valley, San Carlos and surrounding cities

visit my website www.WendeByTheBay.com
call me direct at (650) 504-0219

keller williams realty

 

 

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Show All Comments
Rainmaker
169,662
Richard Ruggaber
Metro Life Homes - Los Angeles, CA
California Real Estate - (818) 422-5035

Wende:  I recently visited Menlo Park, thank you for sharing the market update.  I was curious as to what was going on Real Estate wise in your beautiful city.  Have a great day.

Oct 07, 2010 05:57 AM #1
Rainer
169,778
Menlo Park Real Estate and Homes for Sale
Wende Schoof - Menlo Park, CA
WendeByTheBay.com - 650.504.0219 - SF Peninsula

Richard, glad you appreciated the info. NorCal, like SoCal has some beautiful areas!  Aren't we lucky to live where we do?

Oct 07, 2010 06:09 AM #2
Rainmaker
808,886
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Very detailed report, I thank you for sharing.

Oct 07, 2010 06:15 AM #3
Rainer
169,778
Menlo Park Real Estate and Homes for Sale
Wende Schoof - Menlo Park, CA
WendeByTheBay.com - 650.504.0219 - SF Peninsula

Anthony, thank you for your positive feedback!

Oct 07, 2010 10:27 AM #4
Rainmaker
710,828
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Wende

Numbers look very promising, indeed.

More power to you and wishing you tons of good luck in your market.

Oct 17, 2010 05:44 PM #5
Rainer
169,778
Menlo Park Real Estate and Homes for Sale
Wende Schoof - Menlo Park, CA
WendeByTheBay.com - 650.504.0219 - SF Peninsula

Thank you, Pacita.  I looks like we're both Market Metrics fans - isn't it a great tool (especially when it's bringing good news)?

Oct 18, 2010 03:39 AM #6
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Rainer
169,778

Menlo Park Real Estate and Homes for Sale

WendeByTheBay.com - 650.504.0219 - SF Peninsula
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