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.

  • October Market Trends November 16, 2017 by

    October was another “blowout” month for Peninsula real estate markets.  The number of sales were high, inventory of homes for sale low and falling, and multiple offers were plentiful.  The number of homes for sale is likely to stay low until March/April of 2018, traditionally the two months of the year when the highest number of new listings come to market.  This is why I suggest to homeowners to get their homes on the market during February of each year, before there is more competition on the market.  Buyer demand will be high for those homes that come to market before March/April, unless grossly overpriced.

    The local real estate market is now entering the 10th year of the market cycle that began during the fall of 2008.  These cycles typically last 7-10 years, from peak to peak.  When and what will cause this cycle to end?  It is anybody’s guess, but market cycles always do end.  For a no-obligation consultation and list of the most profitable projects to do before selling, call or email me.  I look forward to helping you!


    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 by

    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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