Arn Cenedella

Palo Alto real estate market has good Q2 2010

The following data will show that single family home market in Palo Alto saw a very good second quarter 2010 (Q2 2010).

Median price up 2.8% to $1,499,500 from $1,410,000
Average price up 9.4% to $1,685,380 from $1,541,200
Number of Palo Alto homes sold up 76.1% to 118 from 67
Number of pending sales of Palo Alto homes up slightly 2.6% to 39 from 38.
Days on market down 45.3% to 34 days from 64 days.

As we see in Menlo Park, Q2 in 2008 and 2009 has been strong in Palo Alto also.

Median price in Menlo Park jumped 29.8% compared to Palo Alto’s 2.8%.

This entry was posted on Tuesday, July 20th, 2010 at 5:49 pm and is filed under Palo Alto 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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