Menlo Park Real Estate Market Update 4/6/2014

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/4f7b

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 20 single family Menlo Park homes for sale down from 26 last week.

 

There are currently 6 Menlo Park town homes/condos up from 4 last week.

 

There are currently 26 pending sales of Menlo Park single family homes the same as last week.

 

There are currently 2 pending sales of Menlo Park homes/Condos  down from 8 last week.

 

This week there were 4 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way. 

 

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

 

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

 

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

Ca B.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
1,037,066
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

nice looking reports to showcase for your sellers and to the local area buyers!

Apr 06, 2014 11:08 AM #1
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