Deniece
Watkins
Smith
Realtor, ePro, SRES
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Los Altos, Los Altos
Hills, Mountain View, Palo Alto, Portola Valley, Sunnyvale Updated
March 16, 2009
by Deniece Watkins Smith
|
Excitement
showed
on the faces of Realtors on tour this week. The
sunshine and Spring weather did their usual, which was to add more
inventory to the market and new hope for those of us who help you sell
and buy. There was a buzz of co-workers talking about what they
put into escrow this week. When the buzz lasts over time with
some consistency, I'll be able to say there is a trend toward some
upward pricing and more stability for Sellers. That trend is
something we will all hope to look for.
Look for my local updates on Facebook by
joining the Mountain View Real Estate Update or Los Altos/Los Altos
Hills Real Estate Update groups!
|
|
2008 |
Change since |
|
|
| Los
Altos |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
90 |
12 |
$ 1,025,000 |
$ 4,498,000
|
| Pending
Show |
7 |
-2 |
$ 1,075,000 |
$ 2,699,890
|
| Pending
Release |
1 |
-1 |
$ 1,600,000 |
$ 1,349,950
|
| Pending |
5 |
0 |
$ 1,529,000 |
$ 4,298,000
|
| Total
Pending |
13 |
-3 |
|
|
| Total
Listings |
103 |
9 |
|
|
| Percent
Pending |
13% |
|
0 REOs |
1 Short Sale |
| |
|
Change since |
|
|
| Los
Altos
Hills |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
50 |
7 |
$ 1,399,900 |
$ 38,000,000 |
| Pending
Show |
2 |
0 |
$ 1,498,000 |
$ 2,495,000
|
| Pending
Release |
1 |
1 |
$ 2,175,000 |
|
| Pending |
0 |
0 |
|
|
| Total
Pending |
3 |
1 |
|
|
| Total
Listings |
53 |
8 |
|
|
| Percent
Pending |
6% |
|
0 REOs |
2 Short Sales |
| |
|
Change since |
|
|
| Menlo
Park |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
120 |
35 |
$ 229,000
|
$ 4,495,000
|
| Pending
Show |
7 |
-8 |
$ 359,900
|
$ 999,000
|
| Pending
Release |
1 |
-4 |
$ 250,000
|
|
| Pending |
11 |
-3 |
$ 250,000
|
$ 1,895,000
|
| Total
Pending |
19 |
-15 |
|
|
| Total
Listings |
139 |
20 |
|
|
| Percent
Pending |
14% |
|
6 REO's |
22 Short Sales |
| |
|
Change since |
|
|
| Mtn
View |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
87 |
10 |
$ 399,950
|
$ 2,100,000
|
| Pending
Show |
11 |
1 |
$ 668,000
|
$ 2,199,000
|
| Pending
Release |
0 |
-1 |
|
|
| Pending |
14 |
7 |
$ 500,000
|
$ 3,298,000
|
| Total
Pending |
25 |
7 |
|
|
| Total
Listings |
112 |
17 |
|
|
| Percent
Pending |
22% |
|
2 REOs |
5 Short Sales |
| |
|
Change since |
|
|
| MV
Townhomes |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
75 |
7 |
$ 250,000
|
$ 1,145,000
|
| Pending
Show |
10 |
-1 |
$ 325,000
|
$ 539,000
|
| Pending
Release |
4 |
2 |
$ 365,000
|
$ 598,000
|
| Pending |
11 |
2 |
$ 249,900
|
$ 629,900
|
| Total
Pending |
25 |
3 |
|
|
| Total
Listings |
100 |
10 |
|
|
| Percent
Pending |
25% |
|
9 REOs |
15 Short Sales |
| |
|
Change since |
|
|
| Palo
Alto |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
125 |
19 |
$ 875,000
|
$ 6,980,000
|
| Pending
Show |
10 |
3 |
$ 888,000
|
$ 2,095,000
|
| Pending
Release |
0 |
-1 |
|
|
| Pending |
16 |
-2 |
$ 799,000
|
$ 4,098,000
|
| Total
Pending |
26 |
0 |
|
|
| Total
Listings |
151 |
19 |
|
|
| Percent
Pending |
17% |
|
0 REOs |
1 Short Sale |
| |
|
Change since |
|
|
| Portola
Valley |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
20 |
-2 |
$ 989,000
|
$ 8,295,000
|
| Pending
Show |
1 |
-1 |
$ 1,879,000 |
|
| Pending
Release |
2 |
1 |
$ 1,025,000 |
$ 1,399,000
|
| Pending |
1 |
1 |
$ 1,797,000 |
|
| Total
Pending |
4 |
1 |
|
|
| Total
Listings |
24 |
-1 |
|
|
| Percent
Pending |
17% |
|
0 REOs |
0 Short Sales |
| |
|
Change since |
|
|
| Sunnyvale |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
144 |
-1 |
$ 329,900
|
$ 1,999,000
|
| Pending
Show |
23 |
-2 |
$ 309,000
|
$ 1,398,000
|
| Pending
Release |
11 |
3 |
$ 390,000
|
$ 799,000
|
| Pending |
30 |
6 |
$ 339,900
|
$ 1,100,000
|
| Total
Pending |
64 |
7 |
|
|
| Total
Listings |
208 |
6 |
|
|
| Percent
Pending |
31% |
|
31 REOs |
53 Short Sales |
| |
|
Change since |
|
|
| SV
Townhomes |
3/16/2009 |
2/19/2009 |
Lowest Price |
Highest Price |
| Active |
84 |
43 |
$ 268,000
|
$ 799,885
|
| Pending
Show |
13 |
2 |
$ 280,000
|
$ 649,000
|
| Pending
Release |
4 |
1 |
$ 379,000
|
$ 499,000
|
| Pending |
16 |
-3 |
$ 300,000
|
$ 799,950
|
| Total
Pending |
33 |
0 |
|
|
| Total
Listings |
117 |
43 |
|
|
| Percent
Pending |
28% |
|
11 REOs |
18 Short Sales |
|
|
|
|
|
