by Ryan Kapowich

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The December 2007 Completed Sales Report for Menlo Park Single-Family
Homes saw a closing of 24 sales receiving 97.78% of list price.

These closings represented a median price of $959,250 and an average price
of $1,179,291.

Twenty-one new listings were also reported.

Menlo Park Condos/Townhouses had 4 closed sales receiving 96.13% of
list price.

These closings represented a median price of $659,000 and an average price
of $786,000.

There were four new listings for the month of December.

Single-Family Homes in Menlo Park had an average of forty-eight days
on market (DOM) and cumulative days on market (CDOM).
Condos/Townhouses had an average of twenty-four DOM and
CDOM.

It is beneficial for KAPOWICH REAL ESTATE to be a member of
SILVAR and SCCAOR 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