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Los Altos, Los Altos Hills, Mountain View, Palo Alto, Portola Valley, Sunnyvale
Market Update as of 7/11/08
by Deniece Watkins Smith, Realtor
www.dsoldit.com

2008 Change since

Los Altos 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 64 13  $     499,000  $ 19,900,000
Pending Show 7 -1  $  1,095,000  $   2,998,000
Pending Release 1 0  $  2,998,000  
Pending 20 5  $  1,399,000  $   3,999,999
Total Pending 28 4
 
Total Listings 92 17
 
Percent Pending 30%

 
 
Change since
 
Los Altos Hills 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 43 10  $  1,749,000  $ 45,000,000
Pending Show 2 -1  $  1,899,000  $   3,980,000
Pending Release 0 -3
 
Pending 4 2  $  2,050,000  $   5,900,000
Total Pending 6 -2
 
Total Listings 49 8
 
Percent Pending 12%

 
 
Change since
 
Menlo Park 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 87 7  $     339,000  $   5,495,000
Pending Show 13 6  $     349,000  $   3,595,000
Pending Release 4 1  $     366,000  $     599,000
Pending 24 14  $  1,425,000  $   3,550,000
Total Pending 41 21
 
Total Listings 128 28
 
Percent Pending 32%

 
 
Change since
 
Mtn View 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 65 14  $     599,999  $   4,400,000
Pending Show 7 2  $     699,000  $   3,298,000
Pending Release 2 2  $  1,149,000  $   1,150,000
Pending 30 14  $     599,000  $   1,895,000
Total Pending 39 18
 
Total Listings 104 32
 
Percent Pending 38%

 
 
Change since
 
MV Townhomes 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 69 -11  $     229,900  $   1,118,888
Pending Show 8 -4  $     299,900  $     595,000
Pending Release 3 0  $     365,000  $     659,950
Pending 21 16  $     309,000  $   1,259,000
Total Pending 32 12
 
Total Listings 101 1
 
Percent Pending 32%

 
 
Change since
 
Palo Alto 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 81 27  $     718,000  $ 29,850,000
Pending Show 3 -3  $     888,000  $   1,849,000
Pending Release 0 -1
 
Pending 23 -5  $     790,000  $   4,395,000
Total Pending 26 -9
 
Total Listings 107 18
 
Percent Pending 24%

 
 
Change since
 
Portola Valley 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 25 3  $     849,000  $   8,395,000
Pending Show 2 1  $  1,995,000  $   2,598,000
Pending Release 0 0
 
Pending 5 0  $  2,148,000  $   3,500,000
Total Pending 7 1
 
Total Listings 32 4
 
Percent Pending 22%

   
 
Change since
 
Sunnyvale 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 162 27  $     410,000  $   1,989,800
Pending Show 32 10  $     399,000  $   1,260,000
Pending Release 14 7  $     399,000  $   1,015,000
Pending 46 19  $     524,000  $   1,599,000
Total Pending 92 36
 
Total Listings 254 63
 
Percent Pending 36%

 
 
Change since
 
SV Townhomes 7/11/2008 3/24/2008 Lowest Price Highest Price
Active 109 7  $     298,800  $     888,000
Pending Show 18 10  $     317,500  $     520,000
Pending Release 1 0  $     635,000  
Pending 11 -3  $     270,000  $     775,000
Total Pending 30 7
 
Total Listings 139 14
 
Percent Pending 22%      
Numbers are extrapolated from www.reil.com and are deemed reliable, but not guaranteed.


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