The Q1 2009 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 50 sales receiving 97.17% of list price. These closings represented a median price of $1,287,500 and an average price of $1,451,818. There were 182 new listings reported reported for Q1. Total Sales: $69,687,311

The Q1 2009 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 50 sales receiving 96.77% of list price. These closings represented a median price of $915,000 and an average price of $932,095. There were 164 new listings reported reported for Q1. Total Sales: $46,604,790

Q1 2009~ Palo Alto Condos/Townhouses had 12 closed sales receiving 96.14% of list price. These closings represented a median price of $696,500 and an average price of $818,245. There were 57 new listings reported for Q1. Total Sales: $9,818,950

Q1 2009~ Menlo Park Condos/Townhouses had 4 closed sales receiving 93.5% of list price. These closings represented a median price of $655,000 and an average price of $723,250. There were 44 new listings reported for Q1. Total Sales: $2,893,000

Q1 2009~Single-Family Homes in Palo Alto had an average of 45 Days on Market (DOM) and 56 Concurrent Days on Market (CDOM). Condos/Townhouses had an average of 50 DOM and 65 CDOM.

Q1 2009~Single-Family Homes in Menlo Park had an average of 53 DOM and 72 CDOM. Condos/Townhouses had an average of 123 DOM and CDOM.

KAPOWICH REAL ESTATE derives many benefits from its
memberships in the National Association of Realtors, (NAR),
the California Association of Realtors, (CAR), the Silicon Valley
Association of Realtors, (SILVAR), and the Santa Clara County
Association of Realtors, (SCCAOR). Not the least of which is
their statistical information on real estate transactions.

Pat Kapowich,
Real Estate Broker, ABR, CRS, GRI, SRES
“Negotiating Smooth Transactions Throughout The South Bay”