Menlo Park Real Estate Market Update 7/14/2013

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Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/Yrw

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 42 single family Menlo Park homes for sale down from 43 before the July 4th Holiday.

There are currently 8 Menlo Park town homes/condos for sale the down from 9 before the July 4th Holiday.

There are currently 30 pending sales of Menlo Park single family homes down from 35 before the July 4th Holiday

There are currently 10 pending sales of Menlo Park homes/Condos down from 11 before the July 4th Holiday.

In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in June was $975,000 up a little form May but the only home with Menlo Park schools sold under a million. In June of 2013 there were 10 Menlo Park Town Homes/Condos sold.   The prices ranged from $395,000 to $1,800,000. This is a high starting price point for condos, but not as high as Palo Alto. The lowest price condo that is not senior only housing was $551,00 for a 1 bedroom in Sharon Park which is similar to a one bedroom condo in Palo Alto.

The inventory of single family homes for sale in Menlo Park is still at historically low levels, and unlike Palo Alto, Mountain View and Santa Clara down from last week. I am hoping that as the summer progresses we will have more inventory and that this week is not a trend.  If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

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Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

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Rainmaker
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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Mamrcy, always enjoy viewing information on other locations.   Thanks for sharing with us.

Jul 15, 2013 04:48 AM #1
Rainmaker
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Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Thanks!

Jul 15, 2013 04:52 AM #2
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Marcy Moyer

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