January/2008 vs January/2007 Silicon Valley Real Estate Housing Sales for Palo Alto ~ Pics, Graphs, Map & Stats

lw4n6581.jpg The January 2008 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 13 sales receiving 100.48% of list price. These closings represented a median price of $1,800,000 and an average price of $2,536,461. There were 36 new listings for the month of January.

Total Sales: $32,974,000

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The January 2007 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 16 sales receiving 101.15% of list price. These closings represented a median price of $1,343,500 and an average price of $2,613,281. There were 44 new listings for the month of January.

Total Sales: $41,812,500

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100_3725.jpg 2008~ Palo Alto Condos/Townhouses had 4 closed sales receiving 102.48% of list price. These closings represented a median price of $773,500 and an average price of $749,250. There were 12 new listings for the month of January.

Total Sales: $2,997,000

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2007~ Palo Alto Condos/Townhouses had 5 closed sales receiving 98.61% of list price. These closings represented a median price of $575,000 and an average price of $594,400. There were 14 new listings for the month of January.

Total Sales: $2,972,000

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2008~ Single-Family Homes in Palo Alto had an average of 15 days on market (DOM) and cumulative days on market (CDOM). Condos/Townhouses had an average of 33 DOM and CDOM.

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2007~ Single-Family Homes in Palo Alto had an average of 49 DOM and 66 CDOM. Condos/Townhouses had an average of 26 DOM and 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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