Arn Cenedella

Archive for the 'Real Estate Data' Category

Palo Alto 2008 Year in Review

Here is a review of the Palo Alto, California residential real estate market in 2008:

Median price decreased to $1,550,000 in 2008 from $1,552,100 in 2007 – a 0.1% decrease.

Average price increased to $1,760,930 in 2008 from $1,870,640 in 2007 – a 5.9% decrease.

The number of sales decreased to 351 from 465 in 2007 – a 24.5% decrease.

Current number of active listings is 63 compared to 25 at the same date in 2007 – an increase of 152.0%.

The sales per list price ratio dropped to 101.8% in 2008 from 106.4% in 2007 – a decrease of 4.3%.

Days on market increased to 26 days in 2008 from 24 days in 2007 – an increase of 9.3%.

Days of inventory increased to 72 days in 2008 from about 31 in 2007.

Much of this data is shown in the charts below.

                                       Prices and Sales

                                       Days of Inventory

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

Smart Markets to buy Real Estate In

Forbes has just published article listing the top 10 smart market to purchase real estate in.

Forbes looks at the percentage of “motivated” sellers – these would be owners who are in financial distress or lenders who have foreclosured and now own properties they do not want – ie. REOs.

Interestingly enough both San Francisco and San Jose are on this top 10 list.

Here are the top ten markets – the first number is the 2008 percentage and the second number is the 2009 percventage of “motivated” sellers in each market. In each case, the percentage of “motviated” sellers is higher in 2009 than it was in 2008.

10. Atlanta             17%                  30%

9. San Jose             9%                    33%

8. Washington DC          11%         33%

7. San Francisco              15%               37%

6. Phoenix                 12%              40%

5. Detroit                   24%              40%

4. Los Angeles            28%                41%

3. San Diego               30%                 47%

2. Sacramento            41%                   54%

1. Las Vegas               28%                  64%

Wow – 5 of the top 10 are in California.

San Carlos Condo/Townhouse 2008 Year in Review

56 condominiums in San Carlos, Californnia sold in 2008.

Average list price was $624,412 and average sales price was $609,113.

This represents a 97.55% sales price to list price ratio.

Average sales price per square foot was $484.

Average days on market – list to contract date was 65 days.

Here is a list of all condominiums and townhouse sold in San Carlos in 2008:

University Heights County Area/Alameda Menlo Park 2008 Year in Review

Here is a review of the University Heights County Area/Alameda of Menlo Park, California residential real estate market in 2008:

Median price increased to $2,154,620 in 2008 from $1,585,500 in 2007 – an 3.5.9% increase.

Average price decreased to $1,960,410 in 2008 from $1,641,710 in 2007 – an 19.4% increase.

The number of sales decreased to 37 in 2008 from 59 in 2007 – a 37.3% decrease.

Current number of active listings is 6 compared to 7 at the same date in 2007 – an decrease of 14.3%.

The sales per list price ratio decreased to 99.3% in 2008 from 102.7% in 2007 – a decrease of 3.3%.

Days on market increased to 45 days in 2008 from 25 days in 2007 – an increase of 73.0%.

Days of inventory decreased to about 59 days in 2008 from about 68 in 2007.

Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

Flood Park Menlo Park 2008 Year in Review

Here is a review of the Flood Park neighborhood of Menlo Park, California residential real estate market in 2008:

Median price decreased to $945,000 in 2008 from $975,500 in 2007 – an 3.1% decrease.

Average price decreased to $945,781 in 2008 from $979,425 in 2007 – an 3.4% decrease.

The number of sales decreased to 27 in 2008 from 30 in 2007 – a 10.0% decrease.

Current number of active listings is 8 compared to 5 at the same date in 2007 – an increase of 60%.

The sales per list price ratio decreased to 99.3% in 2008 from 100.5% in 2007 – a decrease of 1.3%.

Days on market increased to 33 days in 2008 from 26 days in 2007 – an increase of 24.8%.

Days of inventory increased to about 122 days in 2008 from about 73 in 2007.

Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

The Willows Menlo Park 2008 Year in Review

Here is a review of the Willows neighborhood of Menlo Park, California residential real estate market in 2008:

Median price increased to $1,212,250 in 2008 from $1,119,500 in 2007 – an 8.3% increase.

Average price increased to $1,211,030 in 2008 from $1,182,940 in 2007 – an 2.4% increase.

The number of sales decreased to 38 in 2008 from 58 in 2007 – a 34.5% decrease.

Current number of active listings is 9 compared to 5 at the same date in 2007 – an increase of 80%.

The sales per list price ratio increased to 101.6% in 2008 from 103.1% in 2007 – a decrease of 1.4%.

Days on market increased to 33 days in 2008 from 26days in 2007 – an decrease of 24.8%.

Days of inventory increased to about 85 days in 2008 from about 50 in 2007.

Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

West Menlo Park 2008 Year in Review

Here is a review of the West Menlo neighborhood of Menlo Park, California residential real estate market in 2008:

Median price increased to $2,326,000 in 2008 from $1,983,50000 in 2007 – an 17.3% increase.

Average price increased to $2,422,640 in 2008 from $2,316,000 in 2007 – an 4.6% increase.

The number of sales decreased to 41 in 2008 from 52 in 2007 – a 21.2% decrease.

Current number of active listings is 10 compared to 5 at the same date in 2007 – an increase of 200%.

The sales per list price ratio increased to 100.2% in 2008 from 99.9% in 2007 – a increase of 0.2%.

Days on market decreased to 23 days in 2008 from 37 days in 2007 – an decrease of 36.2%.

Days of inventory increased to about 90 days in 2008 from about 45 in 2007.

Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

Allied Arts and Downtown Menlo Park 2008 Year in Review

Here is a review of the Allied Arts and Downtown neighborhoods of Menlo Park, California residential real estate market in 2008:

Median price decreased to $1,400,000 in 2008 from $1,415,000 in 2007 – a 1.1% decrease.

Average price decreased to $1,464,560 in 2008 from $1,638,820 in 2007 – a 10.6% decrease.

The number of sales decreased to 25 in 2008 from 37 in 2007 – a 32.4% decrease.

Current number of active listings is 7 compared to 1 at the same date in 2007 – an increase of 600%.

The sales per list price ratio dropped to 99.8% in 2008 from 102.7% in 2007 – a decrease of 2.8%.

Days on market increased to 30 days in 2008 from 24 days in 2007 – an increase of 25.3%.

Days of inventory increased to a little over 100 days in 2008 from about 60 in 2007.

Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

Menlo Park 2008 Year in review

Here is a review of the Menlo Park, California residential real estate market in 2008:

Median price increased to $1,392,500 in 2008 from $1,295,000 in 2007 – a 7.5% increase.

Average price increased to $1,555,810 in 2008 from $1,455,860 in 2007 – a 6.9% increase.

The number of sales decreased to 298 from 395 in 2007 – a 24.6% decrease.

Current number of active listings is 86 compared to 75 at the same date in 2007 – an increase of 14.7%.

The sales per list price ratio dropped to 99.6% in 2008 from 101.4% in 2007 – a decrease of 1.8%.

Days on market increased to 37 days in 2008 from 31 days in 2007 – an increase of 19.9%.

Days of inventory increased to nearly 120 days in 2008 from about 85 in 2007.

 Much of this data is shown in the charts below.

Market Data, for most cities on the San Francisco Peninsula, can be obtained by clicking on the market reports link above.

Cordes San Carlos 2008 Year in Review

40 homes sold in the Cordes area of San Carlos in 2008.

MLS Map of San Carlos

Average list price was $964,265 and average sales price was $947,000.

This represents a 98.21% sales price to list price ratio.

Average price per square foot was $595.

Average days on market – list to contract date was 38 days.

Here is a list of all homes sold in the Cordes neighborhood of San Carlos in 2008: