Peninsula Real Estate Guru

Arn’s Real Estate Advice, Counsel, and News for Peninsula Buyers and Sellers

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How is the current market in Menlo Park ?

July 14th, 2008 · No Comments

My Coldwell Banker El Camino office had our Half Year State of the Office and Marketplace meeting earlier today. My office is the number 1 Coldwell Banker office in the San Francisco/Peninsula region in terms of listings and closed sales per agent year to agent.

Here is what our office has experienced in the first half of the year to date.

Average sales price is up 5.5% but the number of sales is down 38%.

So in our market area, prices have held up fairly well and in some cases increased while sales volume is down significantly.

 I will supply actual market data for each community in my market area in subsequent posts.

Tags: Redwood City real estate · San Carlos Real Estate · Palo Alto Real estate · Menlo Park Real Estate · Real Estate Data

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