The August 2007 Completed Sales Report for Palo Alto Single-Family
Homes saw a closing of 39 sales receiving 104.31% of list price. These
closings represented a median price of $1,658,000 and an average price
of $1,978,861. Twenty-nine new listings were also reported.

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Palo Alto Condos/Townhouses had 15 closed sales receiving 104.49% of
list price. These closings represented a median price of $910,000 and
an average price of $933,600. There were thirteen new listings for the
month of August.

Single-family homes in Palo Alto had an average of nineteen days on
market (DOM) and twenty-six cumulative days on market (CDOM).

Condos/Townhouses had an average of twelve DOM and twenlve CDOM.

It is beneficial for KAPOWICH REAL ESTATE to be a member of SILVAR & SCCAOR
which partly support REInfoLink, a Multiple Listing Service (MLS).
REInfoLink 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