Real Estate Market Hindsight 3/31/2017

Real Estate Market Hindsight Period of: 9/1/2016 – 3/31/2017

Inside:

- Pricing Averages - Sales Price to List Price Ratios - Price Ranges of Homes having the highest demand in their respective cities

Cities:

- Palo Alto - Menlo Park - Los Altos

(based on Bedrooms and Price Ranges)

WWW.JOHNANDLYDIAHOMES.COM

Source: MLS Listings Pro

Palo Alto Average Price: 9/2016 – 3/2017 The Palo Alto Market remains strong

Avg. Sales Price

5,000 4,000 3,000

10.00% 3,843

8.00%

6.00%

8.00%

2,917

6.00%

2,406

2,137

2,000

4.00% 2.40%

1,000

1.00%

0

2.00% 0.00%

1.5M - 2M

2M - 2.5M

2.5M - 3M

3M+

% Over/Under List Price

Palo Alto - 3 Bedrooms 9/16 - 3/17

These charts show: -

List Price

respective price ranges)

Avg. Sales Price (1,000's)

% of List Price

Avg. Sales Price

3,000

2,467

3,684

3,484

7.50%

8.00% 6.00%

2,374

2,000

4.00%

1,000

1.10%

1.30%

1.03%

0

2.00% 0.00%

1.5M - 2M

2M - 2.5M

2.5M - 3M

3M+

List Price Avg. Sales Price (1,000's)

% of List Price

Palo Alto - Expired/Canceled/Withdrawn Listings 9/16 - 3/17

2 - 2.5M

2.5M - 3M

3M - 3.5M

Avg. List Price (1,000's)

3.5M - 4M Avg. DOM

4M - 7M

% Over/Under List Price

Palo Alto - 4 Bedrooms 9/16 - 3/17 4,000

Average sales price of 3 and 4 bedroom homes in Palo Alto (in their

-

Sale to List Price Ratio

-

3 Bedroom homes in the $1.5M - $2M range have the highest demand

-

4 Bedroom homes in the $2M - $2.5M range have the highest demand

-

Over the past 6 months there have been, on average, 4 homes in each price range which have either expired, been withdrawn or canceled

7M+

# of Properties

WWW.JOHNANDLYDIAHOMES.COM

Source: MLS Listings Pro

Some Palo Alto Solds 3719 STARR KING CI., PA 4 Beds, 2 Baths List Price: $ 2,298,000 Sales Price: $ 2,230,000 Days on Market: 19 Courtesy of Keller Williams

1665 MIDDLEFIELD RD., PA 3 Beds, 3 Baths List Price: $ 2,880,000 Sales Price: $ 3,300,000 Days on Market: 12 Courtesy of Alain Pinel Realtors

669 EVERETT AVE., PA 5 Beds, 3 Baths List Price: $ 3,175,000 Sales Price: $ 3,300,000 Days on Market: 115 Courtesy of Intero Real Estate

WWW.JOHNANDLYDIAHOMES.COM

Source: MLS Listings Pro

Menlo Park Average Price: 9/2016 – 3/2017

The Menlo Park Market strength is price dependent

Avg. Sales Price

4,000 3,000 2,000

1.25% 1.20% 1.20% 1.15% 1.10% 1.05% 1.00% 0.95% 0.90% 2.5M - 3M 3,354

1.10%

2,200

1,861

1,568

1,000

1.03%

1.01%

0 1M - 1.5M

1.5M - 2M

2M - 2.5M

% Over/Under List Price

Menlo Park - 2 Bedrooms 9/16 - 3/17

These charts show: -

respective price ranges)

List Price Avg. Sales Price (1,000's)

% of List Price

Avg. Sales Price

3,000 2,000

1.08%

1.06%

1.07%

3,550

3,364

1.50% 1.01%

2,255

1,948

1.00% 0.50%

1,362

1,000

0.00% -0.30%

0 1M - 1.5M

1.5M - 2M

2M - 2.5M

2.5M - 3M

-0.50% 3M+

% Over/Under List Price

Menlo Park - 3 Bedrooms 9/16 - 3/17 4,000

-

Sales to List Price Ratio

-

2 Bedroom homes have the highest demand in the $2.5M - $3M range

-

3 Bedroom homes in the $1.5M - $2M range have the highest demand

-

4 Bedroom homes in the $2.5M - $3M range have the highest demand

-

3 bedroom home market has soften in the $2.5M - $3M range

-

4 bedroom homes are showing more volatility in price

List Price Avg. Sales Price (1,000's)

% of List Price

Avg. Sales Price

1.14%

1.05%

4,000

3,260

3,000 2,000 1,000 0

1,680

-0.10%

3,467 3,712 1.00%

4,150

1.00% 1.00% 0.50% 0.00%

0.00%

1,200

-0.50%

0

1.50%

-0.50% -1.00%

1M - 1.5M 1.5M - 2M 2M - 2.5M 2.5M - 3M 3M - 3.5M 3.5M - 4M 4M - 7M

% Over/Under List Price

Menlo Park - 4 Bedrooms 9/16 - 3/17 5,000

Average sales price of 2 to 4 bedroom homes in Menlo Park (in their

List Price Avg. List Price (1,000's)

% of List Price

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro

Some Menlo Park Solds 240 RINGWOOD AVE., MP 2 Beds, 1 Bath List Price: $ 1,400,000 Sales Price: $ 1,620,000 Days on Market: 11 Courtesy of Alain Pinel Realtors

1305 ELDER AVE., MP 3 Beds, 3 Baths List Price: $ 3,499,000 Sales Price: $ 3,550,000 Days on Market: 12 Courtesy of Pacific Union International

2 BRADY PLACE, MP 4 Beds, 4 Baths List Price: $ 3,875,000 Sales Price: $ 4,000,000 Days on Market: 7 Courtesy of Alain Pinel Realtors7

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro

Menlo Park Average Price: 9/2016 – 3/2017

The Menlo Park Market strength is price dependent

Menlo Park - 5 Bedrooms 9/16 - 3/17 $8,000

1.00%

Avg. Sales Price

$6,000

0.80%

$5,000

4,100

$4,000 2,960

$3,000

0.60%

3,300

0.40%

$2,048

0.20%

$2,000 -0.05%

-0.01%

$1,000 $0

1.20%

$0

0

1M - 1.5M1.5M - 2M

2M 2.5M

0 2.5M 3M

3M 3.5M

3.5M - 4M - 5M 4M

0.00% -0.04% -0.20% 5M+

List Price Avg. List Price (1,000's)

2.5M - 3M

3M - 3.5M

These charts show:

-

3.5M - 4M

Avg. List Price (1,000's)

4M - 7M

Average sales price of 5 bedroom homes in Menlo Park (in their respective price ranges)

-

Sales to List Price Ratio

-

5 Bedroom homes in the $1.5M to $2M price range have the highest demand

-

5 bedroom homes are showing volatility in all price ranges

-

Over the past 6 months a total of 4 homes had either expired, were withdrawn or canceled across the various price ranges

% of List Price

Menlo Park - Expired/Canceled/Withdrawn Listings 9/16 - 3/17

2 - 2.5M

% Over/Under List Price

$7,000

7,099

1.01%

1.08%

7M+

Avg. DOM

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro

Some Menlo Park Solds 19 BUCKTHORN WAY, MP 4 Beds, 3 Baths List Price: $2,450,000 Sales Price: $2,600,000 Days on Market: 19 Courtesy of Pacific Union International

1020 HERMOSA WAY, MP 5 Beds, 6 Baths List Price: $ 6,988,000 Sales Price: $ 6,850,000 Days on Market: 0 Courtesy of Alain Pinel Realtors

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro

Los Altos

The overall Los Altos Market is strong

Average Price: 9/2016 – 3/2017 Los Altos - 3 Bedrooms 9/16 - 3/17

3,000

3,174

1.15%

4,000

1.50%

3,825

1.00%

1.13% 2,334

2,139

0.50%

2,000

0.00%

-0.01%

1,000

-0.40% -0.50%

0 1.5M - 2M

2M - 2.5M

2.5M - 3M

3M+

These charts show: % Over/Under List Price

Avg. Sales Price

5,000

List Price Avg. Sales Price (1,000's)

% of List Price

Avg. Sales Price

5,000

1.05%

1.07%

4,000

3,814

3,434

1.20% 1.02% 1.00% 0.80%

2,507

3,000

0.60%

2,000 1,000 0

0.40% 0.20%

0

0.00% 1.5M - 2M

0.00% 2M - 2.5M

2.5M - 3M

3M+

% Over/Under List Price

Los Altos - 4 Bedrooms 9/16 - 3/17

List Price Avg. Sales Price (1,000's)

2.5M - 3M Avg. List Price (1,000's)

3.5M - 4M Avg. DOM

Average sales price for 3 and 4 bedroom homes in Los Altos (in their respective price ranges)

-

Sales to List Price Ratio

-

3 Bedroom homes in the $1.5M - $2M range have the highest demand

-

4 Bedroom homes in the $2M - $2.5M range have the highest demand

-

3 Bedroom are showing some volatility in price

-

4 Bedroom homes sells remain strong

-

Over the past 6 months there have been, on average, 3 homes in the upper price range which have either expired, been withdrawn or canceled

% of List Price

Los Altos - Expired/Canceled/Withdrawn Listings 9/16 - 3/17

2 - 2.5M

-

4M+

# of Properties

WWW.JOHNANDLYDIAHOMES.COM

Source: MLS Listings Pro

Some Los Altos Solds 595 ORANGE AVE., LA 3 Beds, 2 Baths List Price: $2,495,000 Sales Price: $2,600,000 Days on Market: 7 Courtesy of The Abigail Company

1871 NEWCASTLE DR., LA 4 Beds, 2 Baths List Price: $ 2,350,000 Sales Price: $ 2,407,000 Days on Market: 7 Courtesy of Prochnow Realtors

1020 VIA DEL POZO, LA 5 Beds, 3 Baths List Price: $ 3,298,000 Sales Price: $ 3,525,000 Days on Market: 10 Courtesy of Intero Real Estate

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro

Lydia Kou Realtor ® CalBRE#: 01229442 John St. Clair III Broker Associate CalBRE#: 01183450

Thinking about moving?

Want to know what your house is worth?

Contact Us: Phone: (650) 383-8084 Email: JohnStClair@kw.com

WWW.JOHNANDLYDIAHOMES.COM Source: MLS Listings Pro