by Ryan Kapowich

The January 2008 Completed Sales Report for Portola Valley Single-Family Homes saw a closing of 2 sales receiving 96.17% of list price. These closings represented a median price and average price of $2,475,000. There were 4 new listings reported to MLS for the month of January.

Total Sales: $4,950,000

vs

The January 2007 Completed Sales Report for Portola Valley Single-Family Homes saw a closing of 8 sales receiving 94.21% of list price. These closings represented a median price of 1,375,000 and average price of $1,532,500. There were 6 new listings reported to MLS for the month of January.

Total Sales: $12,260,000

Jan/2008~Single-family homes in Portola Valley had an average of 99 days on market (DOM) and 140 cumulative days on market (CDOM).

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Jan/2007~Single-family homes in Portola Valley had an average of 89 DOM and 115 DOM.

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