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Single Family-Homes

The 2007 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 463 sales receiving 103.73% of list price. These closings represented a median price of $1,555,000 an average
price of $1,872,850. There were 523 new listings were also reported.
Total Sales: $867,129,606

vs

The 2006 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 516 sales receiving 101.98% of list price. These closings represented a median price of $1,345,000 and an average price of $1,516,037. There were 683 new listings were also reported.
Total Sales: $782,275,270

Condos/Townhouses

2007 ~ Palo Alto Condos/Townhouses had 127 closed sales receiving 100.68% of list price. These closings represented a median price of $760,000 an average price of $816,744.
There were 147 new listings for the 2007.
Total Sales: $103,726,518

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2006 ~ Palo Alto Condos/Townhouses had 144 closed sales receiving 100.35% of list price. These closings represented a median price of $675,500 an average price of $745,147.
There were 180 new listings for the 2006.
Total Sales: $107,301,251

2007 ~ Single-Family Homes in Palo Alto had an average of 24 days on
market (DOM) and 29 cumulative days on the market (CDOM).

vs

2006 ~ Single-Family Homes in Palo Alto had an average of 24 days on
market (DOM) and 32 (CDOM).

2007 ~ Condos/Townhouses had an average of 25 DOM
and 27 CDOM.

vs

2006 ~ Condos/Townhouses had an average of 28 DOM
and 34 CDOM.

Cantor Center for Visual Art ~ Stanford University

It is beneficial for KAPOWICH REAL ESTATE to be a member of
Silicon Valley Association of Realtors and Santa Clara County
Association of Realtors which partly supports MLSListings,
a Multiple Listing Service (MLS). MLSListings, also maintains
statistics on real estate transactions for Santa Clara County
and San Mateo County. We love this stuff!

Pat Kapowich,
“Negotiating Smooth Transactions Throughout The South Bay”
SiliconValleyBroker.com