Arn Cenedella

Menlo Park real estate has strong Q2 2010

The following data will show that single family home market in Menlo Park saw a very strong second quarter 2010 (Q2 2010).

Median price up 29.8% to $1,242,750 from $1,212,970
Average price up 11.0% to $1,345,900 from $1,212,970
Number of Menlo Park homes sold up 81.5% to 98 from 54
Number of pending sales of Menlo Park homes up 43.2% to 63 from 44.
Days on market down 29.9% to 38 days from 54 days.

It is interesting to note that the second quarters in 2008 and 2009 were stonger than the first quarters in 2008 and 2009. It will be intersting to see what the third quarter brings. My gut sense is that the market has shifted in a positive direction but maybe the storng Q2 is just the typical spring market activity.

This entry was posted on Tuesday, July 20th, 2010 at 5:32 pm and is filed under Menlo Park Real Estate. 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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