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Palo Alto - Expired/Canceled/Withdrawn Listings 9/16 - 3/17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Over the past 6 months there have been, on average, 4 homes in each price range which have either expired, been withdrawn or canceled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