Deniece
Watkins
Smith
Realtor, ePro, SRES
Hi, I'm D.
Deniece's
Blog
e-Mail Deniece
650-483-2055 Direct
650-887-2171 eFax
About
Deniece
Service Promise
Certificates
Deniece's Team
Search
MLS
for
Homes
Find me on facebook
|
Los Altos, Los Altos
Hills, Mountain View, Palo Alto, Portola Valley, Sunnyvale Updated July
9, 2009
by Deniece Watkins Smith
|
Brace
yourselves. Hold onto your hats. Ready? 16% of
Mountain View sales that have closed escrow in the past three months
have...closed OVER the asking price. 15% of Los Altos sales in
the same period have closed OVER the asking price.
This does not mean there haven't been plenty of homes that sold WAY
under their asking prices too. However, seeing an OVER the asking
price trend begin again shows steps towards stability, and shows that
there are qualified Buyers out there, and not just a couple.
Pricing strategies may see a turn towards the "price low and bid up"
theory of the past if this trend continues. As of late, it has
been more that Sellers price their homes high, expecting someone to
offer much less.
I'm ready to provide you with the best
experience, knowledge, and real estate team you have ever worked with
when you are ready! 650-483-2055 can get me any time.
--Deniece
|
|
2008 |
Change
since |
|
|
| Los
Altos |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
97 |
-7 |
$ 699,000
|
$ 5,995,000
|
| Pending
Show |
14 |
-9 |
$ 1,049,000 |
$ 3,495,000
|
| Pending
Release |
3 |
-1 |
$ 1,325,000 |
$ 3,595,000
|
| Pending |
24 |
0 |
$ 929,000
|
$ 4,298,000
|
| Total
Pending |
41 |
-10 |
|
|
| Total
Listings |
138 |
-17 |
|
|
| Percent
Pending |
30% |
|
0 REOs |
2 Short Sales |
| |
|
Change since |
|
|
| Los
Altos
Hills |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
66 |
-4 |
$ 1,089,000 |
$ 38,000,000
|
| Pending
Show |
4 |
1 |
$ 1,299,000 |
$ 3,100,000
|
| Pending
Release |
1 |
0 |
$ 2,799,000 |
|
| Pending |
4 |
-1 |
$ 1,500,000 |
$ 3,195,000
|
| Total
Pending |
9 |
0 |
|
|
| Total
Listings |
75 |
-4 |
|
|
| Percent
Pending |
12% |
|
1 REO |
1 Short Sales |
| |
|
Change since |
|
|
| Menlo
Park |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
100 |
-14 |
$ 250,000
|
$ 5,275,000
|
| Pending
Show |
14 |
-5 |
$ 270,000
|
$ 2,980,000
|
| Pending
Release |
9 |
3 |
$ 249,000
|
$ 1,998,000
|
| Pending |
19 |
-22 |
$ 299,999
|
$ 3,295,000
|
| Total
Pending |
42 |
-24 |
|
|
| Total
Listings |
142 |
-38 |
|
|
| Percent
Pending |
30% |
|
3 REO's |
23 Short Sales |
| |
|
Change since |
|
|
| Mtn
View |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
52 |
-33 |
$ 524,000
|
$ 1,788,000
|
| Pending
Show |
18 |
-1 |
$ 450,000
|
$ 1,699,000
|
| Pending
Release |
4 |
3 |
$ 645,000
|
$ 1,399,999
|
| Pending |
20 |
8 |
$ 769,000
|
$ 3,298,000
|
| Total
Pending |
42 |
10 |
|
|
| Total
Listings |
94 |
-23 |
|
|
| Percent
Pending |
45% |
|
3 REOs |
7 Short Sales |
| |
|
Change since |
|
|
| MV
Townhomes |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
63 |
-18 |
$ 239,000
|
$ 1,039,000
|
| Pending
Show |
20 |
1 |
$ 235,000
|
$
730,000 |
| Pending
Release |
6 |
-2 |
$ 250,000
|
$
659,000 |
| Pending |
23 |
7 |
$ 247,000
|
$ 1,129,000
|
| Total
Pending |
49 |
6 |
|
|
| Total
Listings |
112 |
-12 |
|
|
| Percent
Pending |
44% |
|
3 REOs |
21 Short Sales |
| |
|
Change since |
|
|
| Palo
Alto |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
121 |
-14 |
$ 745,000
|
$ 23,950,000
|
| Pending
Show |
16 |
-8 |
$ 725,000
|
$ 3,050,000
|
| Pending
Release |
1 |
-4 |
$ 1,499,000 |
|
| Pending |
33 |
5 |
$ 798,000
|
$ 3,395,000
|
| Total
Pending |
50 |
-7 |
|
|
| Total
Listings |
171 |
-21 |
|
|
| Percent
Pending |
29% |
|
1 REO |
0 Short Sales |
| |
|
Change since |
|
|
| Portola
Valley |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
29 |
-4 |
$ 939,000
|
$ 7,895,000
|
| Pending
Show |
2 |
-3 |
$ 1,759,000 |
$ 2,299,000
|
| Pending
Release |
0 |
0 |
|
|
| Pending |
5 |
2 |
$ 1,492,000 |
$ 2,700,000
|
| Total
Pending |
7 |
-1 |
|
|
| Total
Listings |
36 |
-5 |
|
|
| Percent
Pending |
19% |
|
1 REO |
1 Short Sales |
| |
|
Change since |
|
|
| Sunnyvale |
7/9/2009 |
6/8/2009 |
Lowest Price |
Highest Price |
| Active |
135 |
-4 |
$ 323,900
|
$ 1,595,000
|
| Pending
Show |
55 |
20 |
$ 335,000
|
$ 1,478,000
|
| Pending
Release |
10 |
-6 |
$ 320,000
|
$ 1,048,800
|
| Pending |
61 |
-25 |
$ 331,972
|
$ 1,695,000
|
| Total
Pending |
126 |
-11 |
|
|
| Total
Listings |
261 |
-15 |
|
|
| Percent
Pending |
48% |
|
23 REOs |
48 Short Sales |
Information
extrapolated
from
reil.com deemed reliable not guaranteed.
|
|
|
|
|
|
