Menlo Park Ca Real Estate Market Update 7/27/2013

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

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 34 single family Menlo Park homes for sale down from 39 last week..

There are currently 9 Menlo Park town homes/condos for sale the up from 7 last week.

There are currently 26 pending sales of Menlo Park single family homes down from 29 last week.

There are currently 6 pending sales of Menlo Park homes/Condos down from 7 last week.

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 like Palo Alto and Mountain View down from last week, again. 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

Posted by

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

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Mateo County Menlo Park
Groups:
Keller Williams 'Rainers
Posts to Localism
Club Chaos
Market Reports
Condo Benefits
Tags:
menlo park homes for sale
menlo park market
menlo park real estate agent
menlo park real estate specialist
menlo park real estate market

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,570,124
David Saks
(retired) - Memphis, TN

Thanks for sharing this great information. Hopes for your continued success.

Jul 28, 2013 01:26 AM #1
Rainmaker
468,350
Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Thanks David

Jul 28, 2013 01:29 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
468,350

Marcy Moyer

Probate, Trust, and Investment Specialist
Ask me a question
*
*
*
*
Spam prevention

Additional Information