2007 vs 2006 Silicon Valley Real Estate Housing Sales Report for City of Menlo Park ~ Pics, Graph & Stats

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The 2007 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 410 sales receiving 101.02% of list price. These closings represented a median price of $1,261,000 and an average price of $1,436,329. There were 586 new listings for year.

Total Sales: $588,894,973

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The 2006 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 377 sales receiving 100.54% of list price. These closings represented a median price of $1,270,000 and an average price of $1,466,813. There were 508 new listings for the year.

Total Sales: $552,988,674

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2007~Menlo Park Condos/Townhouses had 96 closed sales receiving 100.70% of list price. These closings represented a median price of $805,000 and an average price of $890,766. There were 122 new listings for the year.

Total Sales: $85,513,549

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2006~Menlo Park Condos/Townhouses had 104 closed sales receiving 100.91% of list price. These closings represented a median price of $766,937 and an average price of $845,055. There were 148 new listings for the year.

Total Sales: $87,885,749

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2007~Single-Family Homes in Menlo Park had an average of 29 days on market (DOM) and 36 cumulative days on market (CDOM). Condos/Townhouses had an average of 26 DOM and 33 CDOM.

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2006~Single-Family Homes in Menlo Park had an average of 33 DOM and 40 CDOM. Condos/Townhouses had an average of 25 DOM and 38 CDOM.

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It is beneficial for KAPOWICH REAL ESTATE to be a member of Silicon Valley Association of Realtors and Santa Clara County Association of Realtors which partly supports MLSListings, a Multiple Listing Service (MLS). MLSListings, also maintains statistics on real estate transactions for Santa Clara County and San Mateo County. We love this stuff!

Pat Kapowich, "Negotiating Smooth Transactions Throughout The South Bay" SiliconValleyBroker.com

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