Silicon Valley Real Estate Housing Sales for Cities of Los Altos, Menlo Park & Palo Alto ~ July/2008 ~ Stats & Graphs ~

lw4n6581.jpg The July 2008 Completed Sales Report for Los Altos Single-Family Homes saw a closing of 21 sales receiving 98.64% of list price. These closings represented a median price of $2,100,000 and an average price of $2,199,523. There were 49 new listings reported reported for July.

Total Sales: $46,190,000

The July 2008 Completed Sales Report for Menlo Park Single-Family Homes saw a closing of 33 sales receiving 99.01% of list price. These closings represented a median price of $1,350,000 and an average price of $1,345,073. There were 48 new listings reported reported for July.

Total Sales: $44,387,412

The July 2008 Completed Sales Report for Palo Alto Single-Family Homes saw a closing of 45 sales receiving 102.59% of list price. These closings represented a median price of $1,750,000 and an average price of $1,825,515. There were 54 new listings reported reported for July.

Total Sales: $82,148,187

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July 2008~ Los Altos Condos/Townhouses had 2 closed sales receiving 99.49% of list price. These closings represented a median price of $777,000 and an average price of $777,000. There were 4 new listings reported for July.

Total Sales: $1,554,000

July 2008~ Menlo Park Condos/Townhouses had 13 closed sales receiving 97.56% of list price. These closings represented a median price of $1,100,000 and an average price of $1,011,384. There were 13 new listings reported for July.

Total Sales: $13,148,000

July 2008~ Palo Alto Condos/Townhouses had 14 closed sales receiving 99.56% of list price. These closings represented a median price of $898,000 and an average price of $886,817. There were 13 new listings reported for July.

Total Sales: $12,415,450

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July 2008~Single-Family Homes in Los Altos had an average of 32 days on market (DOM) and 61 cumulative days on market (CDOM). Condos/Townhouses had an average of 6 DOM and 150 CDOM.

July 2008~Single-Family Homes in Menlo Park had an average of 47 DOM and 62 CDOM. Condos/Townhouses had an average of 48 DOM and 66 CDOM.

July 2008~Single-Family Homes in Palo Alto had an average of 20 DOM and 26 CDOM. Condos/Townhouses had an average of 37 DOM and 38 CDOM.

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KAPOWICH REAL ESTATE derives many benefits from its memberships in the National Association of Realtors, (NAR), the California Association of Realtors, (CAR), the Silicon Valley Association of Realtors, (SILVAR), and the Santa Clara County Association of Realtors, (SCCAOR).  Not the least of which is their statistical information on real estate transactions. We love this stuff!

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

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