The end of the 3^rd quarter is a good time to take a look at how the real estate market compares to previous quarters. In terms of gauging market performance, we like to look at the median sales price as it tends to be a more accurate price indicator than the average, which can be inflated or deflated based on the sale of just one or two really high or low-end properties.

Whether you are buying or selling, please contact us any time for a personal consultation and to catch up on the market.

Portola Valley

In Portola Valley, the 3^rd quarter median price was $3,900,000 compared to $3,407,500 in the 2^nd quarter and $3,350,000 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $3,726,500, is up 22% compared to all of ast year. In September, 11 homes closed escrow (3 for more than list price), and another 6 homes are pending sale. Currently, Portola Valley has 18 homes for sale.

Woodside

In Woodside, the 3^rd quarter median price was $3,300,000 compared to $2,797,500 in the 2^nd quarter, and $2,700,000 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $2,850,000, is up 12% compared to last year. In September, only 3 homes closed escrow plus another 8 homes are pending sale. Currently, Woodside has 32 homes for sale.

Atherton

In Atherton, the 3^rd quarter median price was $6,500,000 compared to $6,575,000 in the 2^nd quarter, and $7,000,000 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $6,575,000, is up 9.5% compared to last year. In September, 9 homes closed escrow, 3 for more than list price, and 14 additional homes are pending sale. Currently, Atherton has 36 homes for sale.

Menlo Park

In Menlo Park, the 3^rd quarter single-family home median price was $2,700,000 compared to $2,550,000 in the 2^nd quarter, and $2,575,000 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $2,575,000, is up 7% compared to last year. In September, 34 single-family homes closed escrow (14 for more than list price), and another 28 homes are pending sale. Currently, Menlo Park has 59 single-family homes for sale.

Palo Alto

In Palo Alto, the 3^rd quarter single-family median price was $3,025,000, compared to $2,800,000 in the 2^nd quarter, and $3,197,500 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $3,035,000, is down 1% compared to last year. In September, 38 single-family homes closed escrow (12 for more than list price), and another 36 homes are pending sale. This is very strong activity. Currently, Palo Alto has 86 single-family homes for sale, half of which have been on the market for more than 30 days.

Los Altos

In Los Altos, the 3^rd quarter single-family median price was $3,330,000 compared to $3,150,000 in the 2nd quarter and $3,300,000 in the 1st quarter. The median price year-to-date through the 3^rd quarter, at $3,275,000, is down just a fraction compared to last year. In September, 35 single-family homes closed escrow and another 24 homes are pending sale. Currently, Los Altos has 42 single-family homes for sale.

Los Altos Hills

In Los Altos Hills, the 3^rd quarter median price was $4,250,000 compared to $3,900,000 in the 2^nd quarter and $4,428,500 in the 1^st quarter. The median price year-to-date through the 3^rd quarter, at $4,007,000, is down 5% compared to last year. In September, 13 homes closed escrow and another 5 homes are pending sale. Currently, Los Altos Hills has 29 homes for sale.