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March 2023 Real Estate Update

HEADLINE NEWS

The media reports are finally catching up with what is actually happening here locally – homes are selling and buyers are out there! The headline on March 8 from RealTrends, as reported by Altos Research, was:

"Demand for Homes Continues to Outpace Inventory"

We are seeing a lot of activity on homes in the area and some with multiple offers and sales over list price. Of course, pricing is key right now and that’s where we come in. We have all the data to set the right price for your home. Ready to get started?

CHATGPT IS ALL THE RAGE

This year, if you’ve listened to any news show or podcast, or read any publications, you have certainly heard all the talk about ChatGPT from OpenAI. Artificial intelligence is all the buzz. We thought we’d give it a shot and ask it...

“What is the average price for a home in each of the towns: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills?"

ChatGPT said:

"As of my knowledge cutoff date of September 2021 and according to Zillow, the average price for a home in:

  • Portola Valley, CA was around $4.5 million
  • Woodside, CA was $6.4 million
  • Atherton, CA was $8.8 million
  • Menlo Park, CA was $3.8 million
  • Palo Alto, CA was $4.7 million
  • Los Altos, CA was $4.6 million
  • Los Altos Hills, CA was $7.9 million

However, please note that real estate prices can fluctuate frequently, so it's best to consult with a local real estate agent or online real estate listing service for the most up-to-date information."

Thanks ChatGPT – we couldn’t agree more. AI is interesting but only a Realtor can tell you the exact answer. We are always available to answer any real estate questions you have. Rely on us – your local real estate experts.

Ginny Kavanaugh

Top Agent
Ginny is a top producing agent with more than 25 years of experience. She ranks amongst the top 1%...

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John Kavanaugh: 415.377.2924 Joe Kavanaugh: 650.400.5312 Ginny Kavanaugh: 650.400.8076