Arn Cenedella

Menlo Park Real Estate 2009 Q1 report

Property values have not dropped over 40% in the past year as indicated by the change in average and median sale prices in Menlo Park on a year to year basis. Rather this data indicates that most of the sales now occuring in Menlo Park are in the lower entry level price range. The more expensive move-up homes are not selling as often as the more affordable homes. Buyers are taking advantage of lower prices and very low rates to get into Menlo Park especially for the schools.

This entry was posted on Tuesday, April 7th, 2009 at 7:18 pm and is filed under Menlo Park Real Estate, Real Estate Data. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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