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 37 single family Menlo Park homes for sale up from 34 last week.
There are currently 9 Menlo Park town homes/condos for sale down from 8 last week.
There are currently 28 pending sales of Menlo Park single family homes up from 27 last week.
There are currently 8 pending sales of Menlo Park homes/Condos the same as last week.
In September of 2013 there were 16 single family Menlo Park homes sold, a big decrease from Aug closings, but listing in August are always down so that translates in a decrease in closing in August. The prices ranged from $537,000 to $4,500,000 a little higher than in August. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in Aug. was $1,300,000 up over $400,000 from the lowest price home with Menlo Park schools in August. In September of 2013 there were 5 Menlo Park Town Homes/Condos sold. The prices ranged from $540,000 to $1.070.000.
The inventory of single family homes for sale in Menlo Park is still at historically low levels but a little higher than last week. The pending sales however do not exceed active listings so that gives us some hope that the insanity may be dampening. It will be interesting to see how the impending shut down and possible debt ceiling crisis effect the market, if at all. 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×tamp=1359953266454
If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.
Marcy Moyer
marcy@marcymoyer.com
D.R.E. 01191194
650-619-9285
- See more at: http://activerain.com/blogsview/4207485/menlo-park-ca-real-estate-market-update-9-30-2013#sthash.MOgmeGEa.dpuf
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