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.

  • 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…)

  • January Market Trends February 5, 2017

    It’s All About the Inventory

    The most significant factor that determines the strength of local real estate markets is the number of homes for sale.  In strong markets, there are very few homes for sale, and in weak markets there are many.  The level of homes for sale can fluctuate by as much as a factor of 10.

    Currently, inventory levels are low in most markets, but the year-over-year trend in the number of homes for sale is up significantly.  Some of the other sales statistics have weakened also.  This causes me some concern as to the strength and direction of local real estate markets.  However, it is too early in the year to conclude that the market is changing.  Watch for my update on the strength of the markets during the first week of March.

    Hope your 2017 is off to a fabulous start!


    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…)

Back to Top
Translate »