We hope this note finds you well and safely enjoying the holiday season with family and friends. Who would have thought that our animated friends on this note would still be wearing masks one year later?

The season does not seem to be holding back the real estate market. This incredible year for real estate continued in November. See below for more details on each of the local real estate markets.

Next month we will do a complete analysis of the year. In the meantime, although the holidays are on our minds, if you are thinking of selling, now is the time to be preparing your home for sale to get a jump on the competition next year. For buyers, interest rates are still amazingly low so buying now could be very advantageous – and without as much competition. We know exactly what it takes to set your home apart both in physical presentation and in marketing – and how to find you the perfect home at terms that are right for you. We’ll be working this month and are just a call, text, or email away so please contact us any time.

We wish you and your family very happy holidays!

Portola Valley

Year-to-date, as of the end of November, the number of sales was up 24% over last year and the median price up 13%, indicating higher price points across the board. The average price was down 4%, yet still at $3.4 million. And, 4 of the 6 sales in November closed for more than list price, including the 3 most expensive ones. There are just 7 homes for sale in Portola Valley right now.

Woodside

Year-to-date, as of the end of November, the number of sales was up an astonishing 63% over last year and the median price up 32% to $3.75 million, indicating higher price points across the board. And, 4sales in November closed for more than list price. These are all signs of a robust market. There are 29 homes for sale in Woodside right now, 22 of which have been on the market for 45 days or more.

Atherton

Year-to-date, as of the end of November, the number of sales was up 20% over last year and the median price up 22% to almost $8 million. And, 5 sales in November closed for more than list price. There are just 19 homes for sale in Atherton right now, 15 of which have been on the market for more than 30 days.

Menlo Park

Year-to-date, as of the end of November, the number of sales was up a dramatic 77% over last year and the median price up 14% to almost $3 million. And, 28 of the 48 sales in November closed for more than list price. There are just 16 single-family homes for sale in Menlo Park right now, 11 of which have been on the market for more than 30 days.

Palo Alto

Year-to-date, as of the end of November, the number of sales was up a dramatic 53% over last year and the median price up 18% to more than $3.5 million. And, 41 of the 60 sales in November closed for more than list price, including the most expensive at more than $2.5 million over list price. There are just 26 single-family homes for sale in Palo Alto right now, 17 of which have been on the market for more than 30 days.

Los Altos and Los Altos Hills

Year-to-date, as of the end of November, the number of sales in Los Altos was up 32% over last year and the median price up 23% to more than $4 million. In Los Altos Hills, the number of sales was up 30% and the median price up 29%. And, 32 of the 42 sales in the combined cities in November closed for more than list price, including the most expensive at $2.3 million over list price. There are just 8 single-family homes for sale in Los Altos right now (the lowest number we can recall) and in Los Altos Hills, there are just 9 homes for sale.