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Los Altos, Los Altos Hills, Mountain View, Palo Alto, Portola Valley, Sunnyvale
Market Update as of 3/24/08
by Deniece Watkins Smith, Realtor
www.dsoldit.com

2008 Change since

Los Altos 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 51 20  $     499,000  $ 19,900,000
Pending Show 8 3  $  1,249,000  $   4,199,000
Pending Release 1 1  $  2,599,000  
Pending 15 -5  $  1,295,000  $   3,649,000
Total Pending 24 -1
 
Total Listings 75 19
 
Percent Pending 32%

 
 
Change since
 
Los Altos Hills 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 33 6  $  1,799,900  $ 35,000,000
Pending Show 3 0  $  1,949,000  $   4,375,000
Pending Release 3 1  $  2,200,000  $ 11,950,000
Pending 2 0  $  2,985,000  $   6,498,000
Total Pending 8 1
 
Total Listings 41 7
 
Percent Pending 20%

 
 
Change since
 
Menlo Park 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 80 14  $     366,000  $   4,395,000
Pending Show 7 2  $     629,900  $   2,950,000
Pending Release 3 2  $     675,000  $   1,369,000
Pending 10 -14  $  1,425,000  $   4,295,000
Total Pending 20 -10
 
Total Listings 100 4
 
Percent Pending 20%

 
 
Change since
 
Mtn View 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 51 10  $     619,900  $   2,048,000
Pending Show 5 -2  $     869,500  $   3,298,000
Pending Release 0 0
 
Pending 16 -1  $     799,500  $   2,048,000
Total Pending 21 -3
 
Total Listings 72 7
 
Percent Pending 29%

 
 
Change since
 
MV Townhomes 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 80 14  $     270,000  $     979,000
Pending Show 12 4  $     309,000  $     598,000
Pending Release 3 2  $     649,950  $   1,095,000
Pending 5 -12  $     749,900  $     968,000
Total Pending 20 -6
 
Total Listings 100 8
 
Percent Pending 20%

 
 
Change since
 
Palo Alto 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 54 14  $     749,000  $ 29,850,000
Pending Show 6 3  $  1,150,000  $   3,395,000
Pending Release 1 0  $  2,875,000  
Pending 28 2  $     799,000  $   3,595,000
Total Pending 35 5
 
Total Listings 89 19
 
Percent Pending 39%

 
 
Change since
 
Portola Valley 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 22 5  $     899,000  $   8,395,000
Pending Show 1 -1  $  1,249,000  
Pending Release 0 0
 
Pending 5 3  $  1,695,000  $   3,295,000
Total Pending 6 2
 
Total Listings 28 7
 
Percent Pending 21%

 
 
Change since
 
Sunnyvale 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 135 16  $     440,000  $   1,679,000
Pending Show 22 1  $     479,900  $   1,149,000
Pending Release 7 1  $     499,000  $   1,490,000
Pending 27 9  $     524,000  $   1,298,000
Total Pending 56 11
 
Total Listings 191 27
 
Percent Pending 29%

 
 
Change since
 
SV Townhomes 3/24/2008 2/28/2008 Lowest Price Highest Price
Active 102 22  $     320,000  $     832,500
Pending Show 8 -3  $     300,000  $     879,000
Pending Release 1 0  $     635,000  
Pending 14 6  $     350,000  $     899,000
Total Pending 23 3
 
Total Listings 125 25
 
Percent Pending 18%      
Numbers are extrapolated from www.reil.com and are deemed reliable, but not guaranteed.


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