Market Trends

Whether you are a first time buyer or seller, or have been through multiple transactions, you might be surprised by how quickly the real estate market changes in Los Altos, Palo Alto and surrounding communities. You need comprehensive historical data, current market analysis, and extensive insight to stay informed and succeed in these real estate markets.
As a service to his clients, Jeff Stricker provides his personal market analysis and commentary on local real estate trends.

  • April Market Trends May 10, 2017

    Is the Los Altos Market Having a “Melt Up?”

    At the end of a real estate market cycle there is a quick, sharp rise in home prices.  Home values surge past a 100% gain for the cycle, the cycle ends, and then prices correct downward 20-25 % on average during the following 2-3 years.

    Are we at the “melt up” stage of the market cycle in the Bay Area?  No one knows for sure, but peninsula home values have jumped by about 10% this spring.  Prices have also more than doubled since the beginning of the cycle in 2009.  Market corrections usually begin during the fall or spring.  Watch this space for monthly updates.

    Would you like more specific market information about your neighborhood or home? I always enjoy providing complimentary in-depth information when needed. Also, if you need resources for home maintenance projects, I am happy to forward names of quality contractors to you. You can call or text me at 650-823-8057, or email me at [email protected]


    In the charts below, you’ll find 15 years of data for annual market activity and median sales price for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact me.

    Los Altos Median Price (more…)

  • First Quarter 2017 Market Trends April 12, 2017

    Wash, Rinse, Repeat – Another Hot Quarter!

    Local real estate markets remained strong during the first quarter of 2017.  New listings, homes sold, and prices were mostly up year-over-year for Q1.  The market is so strong right now one would think it will never end.  But looks can be deceiving.  Is Silicon Valley’s seemingly unstoppable economy slowing down?  A New York Times California Today online article dated March 31, 2017, stated tech employment in the area has dropped 3,200 jobs since hitting a peak in August 2016.

    Hardly an economic crash.  However, venture capital funding has peaked and has been going down steadily since 2015.  Rents hit a peak about a year ago and have dropped 5%.  Home sales are still strong, but high-priced homes in most communities are taking longer to sell while low-priced homes sell quickly.  Watch the high-end as that is where market weakness shows up first, before moving down to lower price ranges.


    In the charts below, you’ll find 15 years of data for annual market activity and median sales price for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact me.

    Los Altos Median Price (more…)

  • February Market Trends March 7, 2017

    Hot Real Estate Market Enters March Like a Lion…Will It Continue?

    The strong 2017 local real estate market continued during February. In most areas, the number of homes sold, number of homes sold over asking price, and amount paid over asking price were all up from January – indicating home prices are rising. Will the hot market continue in March and April? It’s all about the inventory! March and April are consistently the months when most homes come to market each year. I will be watching closely to determine if current demand is strong enough to absorb the additional inventory as it comes to market. My belief (as predicted in January) is that demand will keep the number of homes available for sale low, and that the strong market and rising prices will continue at least until the summer.

    A beautiful spring with lots of flowers is coming soon- get out and enjoy it!


    In the charts below, you’ll find 15 years of data for annual market activity and median sales price for Palo Alto, Los Altos, Los Altos Hills, Menlo Park and Mountain View. You can’t find this level of historical data all in one place anywhere else, so if you have any questions or wish to get more info about your community, don’t hesitate to contact me.

    Los Altos Median Price (more…)

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