by Ryan Kapowich

The June 2009 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 43 sales receiving 97.70% of list price. These closings represented a median price of $1,399,000 and an average price of $1,523,802. There were 59 new listings reported reported for June. Total Sales: $65,523,500

The May 2009 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 41 sales receiving 98.96% of list price. These closings represented a median price of $1,501,000 and an average price of $1,647,317. There were 66 new listings reported reported for May. Total Sales: $67,540,000

June 2009~ Palo Alto Condos/Townhouses had 15 closed sales receiving 96.32% of list price. These closings represented a median price of $825,000 and an average price of $793,640. There were 16 new listings reported for June. Total Sales: $11,904,600

May 2009~ Palo Alto Condos/Townhouses had 7 closed sales receiving 96.65% of list price. These closings represented a median price of $630,000 and an average price of $770,000. There were 21 new listings reported for May. Total Sales: $5,390,000

Cantor Center for the Visual Arts

June 2009~Single-Family Homes in Palo Alto had an average of 44 Days on Market (DOM). Condos/Townhouses had an average of 68 DOM.

May 2009~Single-Family Homes in Palo Alto had an average of 52 Days on Market (DOM). Condos/Townhouses had an average of 27 DOM.

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

KAPOWICH REAL ESTATE is a leading real estate brokerage for buyers and sellers in Silicon Valley, providing an unparalleled level of research, education and service. The father/son team has extensive experience in single-family and townhouse/condo buying and selling. Their specialty is “move-up” and “down-size” transactions for clients who wish to sell a home and buy a replacement simultaneously.