Menlo Park Ca Real Estate Market Update 4/28/14

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 20 single family Menlo Park homes for sale up from 13 last week.

There are currently 5 Menlo Park town homes/condos up from 3 last week.

There are currently 26 pending sales of Menlo Park single family homes down from 27 last week.

There are currently 5 pending sales of Menlo Park homes/Condos  up from 3 last week.

This week there were 9 new Menlo Park single family home listings and 3 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way and a lot more than on Easter Week.

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 4/28/14

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

There are currently 38 single family Palo Alto homes for sale, up from 26 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos up from 5 last week.

Last week there were 20 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This is the highest number of new single family home listings all year.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Menlo Park Ca Real Estate Market Update April 20, 2014

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 13 single family Menlo Park homes for sale down from 19 last week.

There are currently 3 Menlo Park town homes/condos down from 4 last week.

There are currently 27 pending sales of Menlo Park single family homes down from 34 last week.

There are currently 3 pending sales of Menlo Park homes/Condos  down from 4 last week.

This week there were 2 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way as this week had Easter Week-end.

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update April 20,2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

There are currently 26 single family Palo Alto homes for sale, down from 41 last week

.

There are currently 5 Palo Alto town homes/condos for sale, up from 3 last week.

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

There are currently 5 pending sales of Palo Alto Town homes/Condos down from 9 last week.

Last week there were 4 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This drop is expected as it is Easter Week-end.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

When Writing An Offer For a Sunnyvale Probate Sale Follow Instructions

Yesterday, I listened to offers on my latest probate listing, a very cute condo in Sunnyvale. It is an 880 square foot condo in a great location right across from a large park, and close to many Silicon Valley high tech companies. The schools are good, there is an inside washer and dryer, double pane windows, a two car garage, fresh paint, new carpets, a newer bathroom, and a dining room. It was listed at $409,000 which is a great price for a Sunnyvale probate condo that offers so many amenities.

The Sunnyvale Probate condo was popular. I knew there would be multiple offers and let everyone know it was a probate sale, posted all the HOA docs, inspections, and disclosures on my website, and spent hours explaining probate sales to agents and buyers.

Offers were due at noon yesterday. I received eight of them, a few more than expected. Of the eight, only four were on the California Probate Purchase form. Of these 4 only one was completely filled out correctly, and one had only one small mistake. Four agents used the wrong form, period.

I competed for this listing with 4 other agents and I was chosen because of my knowledge and experience with Sunnyvale Probate sales. The seller, who is the Personal Representative for the estate even told me there was another agent he personally liked better, but she did not have Sunnyvale Probate experience. If you do not know what a personal representative is, you are a rookie. There were agents who submitted offers that I liked also, but they made a big rookie mistake.

This is a very competitive market. Agents need to be on top of their game in order to represent both sellers and buyers properly. It starts by understanding the contract and the documents needed for each type of sale. 

In a Sunnyvale Probate Sale, use the Probate Purchase Form. Then write a great offer, but without the right form, you will get nowhere. 

If you have any questions about buying or selling a home in Probate, please feel free to contact me.

If you want to read my Probate and Trust blog click here.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca BRE 01191194

650-619-9285

Menlo Park Ca Real Estate Market Update 4/13/14

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 19 single family Menlo Park homes for sale down from 20 last week.

There are currently 4 Menlo Park town homes/condos down from 6 last week.

There are currently 34 pending sales of Menlo Park single family homes up from 24 last week.

There are currently 4 pending sales of Menlo Park homes/Condos  up from 2 last week.

This week there were 8 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way and it is an increase from last week.

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 4/13/2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

There are currently 41 single family Palo Alto homes for sale, up from 28 last week

.

There are currently 3 Palo Alto town homes/condos for sale, down from 4 last week.

There are currently 39 pending sales of Palo Alto single family homes up from 28 last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos down from 11 last week.

Last week there were 19 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This is the largest number of new listings for single family homes all year.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Menlo Park Real Estate Market Update 4/6/2014

As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple:

Not enough inventory, plenty of buyers.

There are currently 20 single family Menlo Park homes for sale down from 26 last week.

There are currently 6 Menlo Park town homes/condos up from 4 last week.

There are currently 26 pending sales of Menlo Park single family homes the same as last week.

There are currently 2 pending sales of Menlo Park homes/Condos  down from 8 last week.

This week there were 4 new Menlo Park single family home listings and 1 new Menlo Park condo listings. Not nearly enough to satisfy demand but hopefully more are on the way. 

In March of 2014 there were 26 single family Menlo Park homes sold ranging in price from $442,000 to $4,873,050.  In March of 2013 there were 9 Menlo Park Town Homes/Condos sold.   The prices ranged from $673,000 to $1,335,000. 

Of the 26 Menlo Park sales in March of 2014 only 8 were sold with all cash, the other 18 were financed. This is a very good number of financed offers because it means that the buyers actually live in this country and the houses will be occupied by either home owners or tenants. There have been a number of homes that are bought with cash by people from other countries and are often left vacant. This does not help the current housing crunch with our huge need for both owner occupied and rental properties. Of the 9 condos sold, 3 were all cash, or about 33%.

The inventory of single family homes for sale in Menlo Park is still at historically low levels and shows no sign of geting better. At least there was a jump in condo listings.  If you would like to search for homes for sale please click here.

If you have any questions about buying or selling a home in Menlo Park please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real estate Market Update 4/6/2014

As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:

Not enough inventory, plenty of buyers. Only the problem, like the drought is getting worse.

There are currently 28 single family Palo Alto homes for sale, up from 25 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 6 last week.

There are currently 28 pending sales of Palo Alto single family homes down from 31 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos up from 8 last week.

Last week there were 8 new Palo Alto single family home listings and 1 new Palo Alto condo listings. This is the first time in a month that the number of new listings went down. It may be because it was spring break for the Palo Alto School district.

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

Ca B.R.E. 01191194

650-619-9285