February 2012 Real Estate Market Snapshot
It’s Hockey Season! Prices continue to go sky high in Palo Alto and the surrounding communities. And the inventory of homes on the market continues to be as low as the rainfall this winter. This is making for even more multiple, over-the-asking-price, offers.
In the charts below, you’ll find 10 years of data for market activity and sales price in February in Palo Alto, Los Altos, Los Altos Hills and Menlo Park. We also compiled information about Condos and Townhomes in Palo Alto this month. Given that the average sales price of a single family home in Palo Alto is inching toward $2M, attached homes are becoming an attractive and affordable alternative. 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 us.