Silicon Valley Real Estate Housing Sales Report: City of Palo Alto~July/07
The July 2007 Completed Sales Report for Palo Alto's Single-Family Homes saw a closing of 41 sales receiving 105.59% of list price. These closings represented a median price of $1,475,000 and an average price of $1,614,543. There were also 39 new listings reported.
Palo Alto's Condo/Townhouses had 17 closed sales receiving 101.08% of list price. These closings represented a median price of $720,000 and an average price of $745,847. There were 11 new listings for the month of July.
Palo Alto's Single-Family Homes had an average of 20 Days on Market (DOM) and 20 Cumulative Days on Market (CDOM). Condo/Townhouses had an average of 19 DOM and 30 CDOM.
It’s a good thing KAPOWICH REAL ESTATE is a member of SILVAR & SCCAOR which partly support REInfoLink, a Multiple Listing Service, (MLS), which 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