by Ryan Kapowich

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The October 2007 Completed Sales Report for Menlo Park Single-Family
Homes saw a closing of 25 sales receiving 98.86% of list price. These
closings represented a median price of $1,600,000 and an average price
of $1,711,854. Forty-two new listings were also reported.

Menlo Park Condos/Townhouses had 9 closed sales receiving 100.29% of
list price. These closings represented a median price of $940,000
and an average price of $987,833. There were ten new listings for the month of October.

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