Even as Silicon Valley is seeing a surge in home values, RealtyTrac® recently updated its list of the top 10 California cities with the biggest decreases in average home sales prices for the last two quarters ending in September 2011.
Here’s the list…
But sellers don’t need to worry. Menlo Park home values continue to hold strong in most neighborhoods, so the explanation for this drop is simple: more low priced homes are selling than high priced homes, thus lowering the average sales price. This often occurs during periods of job growth – so it’s actually good news.
Search the Silicon Valley MLS - visit www.jsrealproperty.com and click on Silicon Valley MLS Search to search for homes offered for sale throughout the Valley.
For local, regional and national market information, check out our 1 Minute Housing Market Report when you visit our web site at www.jsrealproperty.com .
Questions? Drop me a line at firstname.lastname@example.org .
Keys: Menlo Park homes for sale, Silicon Valley homes for sale, Menlo Park foreclosures, Menlo Park REO homes, Menlo Park CA home values