The July 2007 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 40 sales receiving 101.72% of list price! These closings represented a median price of $1,272,500 and an average price of $1,353,069. There were also 49 new listings reported.

Menlo Park Condos/Townhouses had 6 closed sales receiving 100.61% of list price. These closings represented a median price of $675,000 and an average price of $758,750. There were 17 new listings for the month of July.

Menlo Park Single-Family Homes had an average of 32 Days on Market (DOM) and 34 Cumulative Days on Market (CDOM). Condos/Townhouses had an average of 25 DOM and 46 CDOM.

It’s a good thing KAPOWICH REAL ESTATE is a member of SILVAR & SCCAOR which partly support REInfoLink, a Multiple Listing Service, (MLS), which 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