Jeff and Steve

Alain Pinel Realtors

August Market Activity - '99 to '07

market activity
 Graph August07 Los Altos Graph August07 Palo Alto
 
Months of Inventory at Current Sales Rate*
Average Percentage of List Price Received**

 Graph August07 Los Altos Hills Graph August07 Menlo Park

Months of Inventory at Current Sales Rate*
Average Percentage of List Price Received**



The charts above show the median sales price for 1999-2007.
 
At the bottom of the charts you will see the average number of days it took to sell homes in each year. In addition, the average percentage of list price received by sellers is shown.

Although the number of sales was low in 2007, it was due to lack of inventory - not low demand - which is why the percentage of list price received is high.



OUR CURRENT RECOMMENDATIONS:
SELLERS: If you are thinking of selling in the near future we encourage you to hurry and take advantage of the current "seller's" market.
BUYERS: At this point in the cycle, it is imperative to select carefully!
(Please call us for details: 650.543.1050)
Visit links for past Market Activity pages here: Year 2008
January
  ::  February  ::  March  ::  April  ::  May  ::  June  ::  July  ::  August  ::  September  ::  October


Year 2007
August  ::  September  ::  October  ::  November  ::  December