Please review average sales prices in the chart above.
The blue column is 2007 and the red column is 2008.
I have broken out Menlo Park into the areas west of Highway 101 and the areas east of Highway 101 to indicate how different the current market can be based on price range and location.
In west Menlo Park, the 2008 average sales price of $1,841,515 is an increase of 15% from last year.
In east Menlo Park, the 2008 average sales price of $414,612 is a decrease of 34% from last year.
Redwood City has experienced a slight decrease and San Carlos a slight increase.
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