Carol Carnevale • DRE# 00946687 • 650.465.5958
Nicole Aron • DRE# 00952657 • 650.740.7954
The numbers are in for the first half of 2015 and per our earlier post, we are providing updates over the next several days on the real estate market in the communities where we work.
Menlo Park continues to attract buyers who appreciate the wonderful sense of community, the beautiful neighborhoods, the public and private schools, the charming downtown area and the proximity to Stanford University.
Homes are selling quickly and most often in multiple offers when competing buyers propose strong prices and compelling terms.
Based on Multiple Listing Service (MLS) data, here are some of the key market indicators for single family residential sales:
Other favorable market trends include the YTD Average Days on Market which is 15, down from the 2014 average of 21. The YTD Sales Price to List Price Ratio averaged 109.22%, up from the 2014 average of 106.9%.
Through our website you can access more detailed specifics by neighborhood, city and county. If you want more detailed information, you can access it here.
Of course, statistics are just a general way of assessing a home’s property. If you prefer a more personal approach, please contact us to arrange an appointment. We would be delighted to put our almost 30 years of real estate expertise to work for you!