by Ryan Kapowich
The January 2008 Completed Sales Report for Menlo Park Single-Family
Homes saw a closing of 11 sales receiving 99.13% of list price. These
closings represented a median price of $1,505,000 and an average price
of $1,549,727. There were 45 new listings for the month of January.
Total Sales: $ 17,047,000
vs
The January 2007 Completed Sales Report for Menlo Park Single-Family
Homes saw a closing of 22 sales receiving 98.75% of list price. These
closings represented a median price of $1,137,500 and an average price
of $1,347,272. There were 39 new listings for the month of January.
Total Sales: $ 29,639,995
Jan/2008~Menlo Park Condos/Townhouses had 2 closed sales receiving 98.78% of
list price. These closings represented a median price of $1,010,000 and an average price of $1,010,000. There were 10 new listings for the month of January.
Total Sales: $2,020,000
vs
Jan/2007~Menlo Park Condos/Townhouses had 8 closed sales receiving 100.94% of
list price. These closings represented a median price of $657,500 and an average price of $708,625. There were 8 new listings for the month of January.
Total Sales: $5,669,000
Jan/2008~Single-Family Homes in Menlo Park had an average of 26 days
on market (DOM) and cumulative days on market (CDOM). Condos/Townhouses had anaverage of 36 DOM and 80 CDOM.
vs
Jan/2007~Single-Family Homes in Menlo Park had an average of 75 DOM and 86 CDOM. Condos/Townhouses had an average of 76 DOM and 88 CDOM.
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
