Annual Market Trends
Since 2009 the appreciation has been terrific! Single family homes in our area have nearly doubled in value. This high rate of appreciation is caused by a lack of available housing. Sellers are staying in their homes longer while the population and number of high paying jobs grows. I do not see any changes to this situation on the horizon. Happy New Year Homeowners!
In the charts below, you’ll find 15 years of data for market activity and median sales price for the Year 2015 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.