The numbers are in for the first quarter of 2021 for the Portola Valley real estate market. 18 homes closed escrow in the first quarter, compared to just 7 in the same quarter last year – a dramatic 157% increase. The number of new listings was up 128% from 18 to 41. It has been quite a year so far! Prices are up compared to the same quarter last year, however down when comparing to all of last year, as seen in the graphs. This is a result of last year’s numbers being record-breaking with many high-end sales (21 between $5 million and $17 million), which brought the average up; this year there have been no sales over $5 million.

There are many buyers right now and it is an excellent time to sell. Even though it is a seller’s market, getting top price AND the best terms is where we come in. Plus, we have the experience needed to handle multiple offers, which is often the case in this market. Having represented more sellers and buyers in Portola Valley than anyone else, we know exactly what it takes to get you the best results. Please contact us any time to talk about your home or just to catch up on the market. In the meantime, stay safe and we wish you good health.