December/2007 vs December/2006 Palo Alto Real Estate Housing Sales ~ Pics, Graphs, Map & Stats

lw4n6581.jpg The December 2007 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 11 sales receiving 105.24% of list price. These closings represented a median price of $2,100,000 and an average price of $2,264,090. There were 10 new listings for the month of December.

Total Sales: $24,905,000

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The December 2006 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 27 sales receiving 99.88% of list price. These closings represented a median price of $1,190,000 and an average price of $1,385,962. There were 14 new listings for the month of December.

Total Sales: $37,421,000

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100_3725.jpg 2007~Palo Alto Condos/Townhouses had 9 closed sales receiving 100.44% of list price. These closings represented a median price of $800,000 and an average price of $808,342. There were 6 new listings for the month of December. Total Sales: $7,275,079

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2007~Palo Alto Condos/Townhouses had 11 closed sales receiving 99.69% of list price. These closings represented a median price of $674,000 and an average price of $691,363. There were 2 new listings for the month of December. Total Sales: $7,605,000

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2007~Single-Family Homes in Palo Alto had an average of 38 days on market (DOM) and 47 cumulative days on market (CDOM). Condos/Townhouses had an average of 25 DOM and CDOM.

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2006~Single-Family Homes in Palo Alto had an average of 27 days on market (DOM) and 31 (CDOM). Condos/Townhouses had an average of 11 DOM and 36 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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