Home Sales Trends - March 2010

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Charts of homes sold over the last ten years in March for Los Altos, Los Altos Hills, Palo Alto and Menlo Park. Also includes average % of asking price received, months of inventory on last day of the month and guidance for seller and buyers.

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Home Sales Trends - March 2010

  1. 1. Updated April 15, 2010 Source: MLSListings.com Los Altos Menlo Los Altos Palo Alto Hill Park
  2. 2. Insider Notes • More homes sold with multiple offers (over asking price. Even in $2-3 million range. • All-cash offers have increased in frequency. However, buyers are still very picky and tend to pursue homes with the fewest defects unless they perceive a significant discount for deficiencies. If you are thinking of selling your home be careful to price it accurately. Buyers For Sellers are willing to buy, but they are still extremely price-sensitive. Inventories of homes for sale have been falling. Now’s the time to take For Buyers advantage of current low interest rates. The Fed stopped buying mortgages from banks at the end of March. Rates are likely to rise very soon. The Stricker / TenBroeck Team Jeff Stricker, Broker & Attorney ‐ Los Altos Office 650.823.8057 (DRE# 0948847) Alain Pinel Realtors Steve TenBroeck, Broker, SRES® ‐ Palo Alto Office 650.450.0160 (DRE# 01044091)
  3. 3. The Stricker / TenBroeck Team Jeff Stricker, Broker & Attorney ‐ Los Altos Office 650.823.8057 (DRE# 0948847) Alain Pinel Realtors Steve TenBroeck, Broker, SRES® ‐ Palo Alto Office 650.450.0160 (DRE# 01044091)
  4. 4. The Stricker / TenBroeck Team Jeff Stricker, Broker & Attorney ‐ Los Altos Office 650.823.8057 (DRE# 0948847) Alain Pinel Realtors Steve TenBroeck, Broker, SRES® ‐ Palo Alto Office 650.450.0160 (DRE# 01044091)
  5. 5. The Stricker / TenBroeck Team Jeff Stricker, Broker & Attorney ‐ Los Altos Office 650.823.8057 (DRE# 0948847) Alain Pinel Realtors Steve TenBroeck, Broker, SRES® ‐ Palo Alto Office 650.450.0160 (DRE# 01044091)
  6. 6. The Stricker / TenBroeck Team Jeff Stricker, Broker & Attorney ‐ Los Altos Office 650.823.8057 (DRE# 0948847) Alain Pinel Realtors Steve TenBroeck, Broker, SRES® ‐ Palo Alto Office 650.450.0160 (DRE# 01044091)
  7. 7. Sign-up to receive Market Snapshots and Trends from Jeff Stricker/Steve TenBroeck About Jeff Stricker and Steve TenBroeck Combining a passion for analyzing market conditions with a firm belief that residential real estate simply can’t be reduced to price-per-square-foot analysis, Jeff and Steve form a powerful resource for anyone thinking of buying or selling a home in the Mid-and South San Francisco Peninsula. Jeff and Steve are skilled at helping their clients prevail in a tough marketplace. With a thorough command of the real estate market in Los Altos, Palo Alto and surrounding areas, unyielding client advocacy, expert negotiation skills and hands on service, Jeff and Steve help their clients achieve their goals without losing their sanity. Jeff Stricker (jstricke@apr.com) Broker, Attorney | 650.823.8057 DRE #00948847 167 S. San Antonio Road Los Altos, CA 94022 Steve TenBroeck (stenbroe@apr.com) Broker, President's Circle | 650.543.1050 DRE #01044091 Jeff Stricker Steve TenBroeck 578 University Avenue Palo Alto, CA 94301

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