The Scarcity of Homes for Sale is Still Driving the Market
We read recently that since 2011 over 300,000 jobs were added in the Bay Area, but only 62,000 additional housing units! And we do not see anything on the horizon to reverse this trend. Those who are lucky enough to own their home are enjoying rapid appreciation – and will continue to do so until the next financial shock occurs.
In the charts below, you’ll find 15 years of data for market activity and median sales price for the month of January 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 us.