2016 Spring Review
My Take:
We’re now four months into 2016—let’s see how the market is doing.This week I decided to look at number of houses sold and closed since January 1st (only sold on the MLS) and maximum and minimum prices in each cities—here’s what I found:
Palo Alto: 95 houses sold & closed; High/Low = $10,495,000 / $1,325,000
Menlo Park: 76 houses sold & closed; High/Low = $6,172,500 / $802,000
Redwood City: 111 houses sold & closed; High/Low = $3,675,000 / $699,000
Mountain View: 57 houses sold & closed; High/Low = $3,660,000 / $1,235,000
Los Altos: 65 houses sold & closed; High/Low = $4,950,000 / $1,075,000
Sunnyvale: 154 houses sold & closed; High/Low = $2,650,000 / $722,501
What this shows us is that Palo Alto continues to be the most expensive to purchase in, followed pretty closely by Menlo Park! Sunnyvale has the most activity followed closely by Redwood City! And if you want to live in Mountain View or Los Altos, inventory continues to be super low! For a change, these are actual sales and not averages.
Want information for other areas? Comments? Questions? Send me a message, I’d love to hear from you!
