Los Altos, Mountain View, Palo Alto, Sunnyvale and Menlo Park
My take: We’re in mid-April now and the real estate market is humming along! Take a look at the data below and you’ll get a bird’s eye view of what’s happening in the five cities I’m tracking, makes for a quick and easy comparison. Which cities have the most choice when it comes to buying? That’ll be Palo Alto (44 active listings) and Sunnyvale (41 active listings). Which city has the least choice when it comes to buying? That’ll be Mountain View that has a serious inventory shortage as far as houses are concerned! Which cities have the most cash buyers? That’ll be Los Altos, Palo Alto, and Menlo Park. Which is the most expensive city to buy in? That’ll be Palo Alto, followed closely by Los Altos! As far as closed sales are concerned, Sunnyvale is hopping and beats all the other cities hands down!
Just the Facts Ma’am!
Single family houses only!
DOM=days on market
All information taken from the Multiple Listing Service.