Filed under: Market Action
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| City: Palo Alto |
March 2012 |
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| Property Type: Single Family Home | Price $0 to $99,999,000 |
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Trending Versus*: |
Trending Versus*: |
| Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
PriorYTD |
PriorYear |
| Median List Price of all Current Listings |
$2,449,000 |
8% |
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40% |
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| Average List Price of all Current Listings |
$2,963,497 |
11% |
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34% |
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| March Median Sales Price |
$1,665,000 |
-14% |
3% |
5% |
13% |
$1,645,000 |
11% |
12% |
| March Average Sales Price |
$1,853,613 |
-11% |
-1% |
-10% |
6% |
$1,871,951 |
-2% |
7% |
| Total Properties Currently for Sale (Inventory) |
32 |
0% |
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-47% |
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| March Number of Properties Sold |
40 |
67% |
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-11% |
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84 |
5% |
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| March Average Days on Market (Solds) |
16 |
-45% |
-36% |
-24% |
-45% |
24 |
-31% |
-17% |
| Asking Price per Square Foot (based on New Listings) |
$928 |
11% |
3% |
12% |
12% |
$890 |
9% |
7% |
| March Sold Price per Square Foot |
$921 |
-2% |
1% |
5% |
8% |
$922 |
10% |
8% |
| March Month's Supply of Inventory |
0.8 |
-40% |
-36% |
-40% |
-48% |
1.2 |
-47% |
-19% |
| March Sale Price vs List Price Ratio |
108.8% |
3.5% |
4% |
6% |
6.3% |
105.7% |
5.0% |
3.0% |
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) |
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| Property Sales |
| March property sales were 40, down from 45 in March of 2011 and 66.7% higher than the 24 sales last month. March 2012 sales were at a mid level compared to March of 2011 and 2010. March YTD sales of 84 are running 5.0% ahead of last year's year-to-date sales of 80. |
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| Prices |
| The median sales price in March was $1,665,000, up 4.7% from $1,590,000 in March of 2011 and down -14.4% from $1,945,000 last month. The average sales price in March was $1,853,613, down -9.7% from $2,053,508 in March of 2011 and down -10.9% from $2,081,417 last month. March 2012 ASP was at a mid range compared to March of 2011 and 2010. |
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| Inventory & MSI |
| The total inventory of properties available for sale as of March was 32, equal to 32 last month and down -46.7% from 60 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2012 MSI of 0.8 months was at its lowest level compared with March of 2011 and 2010. |
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| Market Time |
| The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for March was 16, down from 29 days last month and down from 21 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010. |
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| Selling Price Per Square Foot |
| The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The March 2012 selling price per square foot of $921 was down -2.4% from $944 last month and up 4.9% from $878 in March of last year. |
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| Selling Price vs Original Listing Price |
| The selling price vs original listing price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The March 2012 selling price vs original list price of 108.8% was up from 105.1% last month and up from 102.3% in March of last year. |
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| Inventory / New Listings / Sales |
| This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in March 2012 was 53, up 26.2% from 42 last month and down -36.9% from 84 in March of last year. |
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| ©2012 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office Is Owned And Operated by NRT LLC. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. DRE License # 00313415Based on information from MLSListings, Inc. for the period 5/27/1995 through 3/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated. |
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| City: Palo Alto |
February 2012 |
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| Property Type: Single Family Home | Price $0 to $99,999,000 |
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Trending Versus*: |
Trending Versus*: |
| Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
PriorYTD |
PriorYear |
| Median List Price of all Current Listings |
$2,295,000 |
15% |
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22% |
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| Average List Price of all Current Listings |
$2,737,638 |
1% |
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16% |
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| February Median Sales Price |
$1,945,000 |
29% |
30% |
10% |
32% |
$1,610,000 |
24% |
10% |
| February Average Sales Price |
$2,081,417 |
26% |
13% |
5% |
19% |
$1,888,621 |
8% |
8% |
| Total Properties Currently for Sale (Inventory) |
31 |
0% |
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-39% |
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| February Number of Properties Sold |
24 |
20% |
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33% |
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44 |
26% |
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| February Average Days on Market (Solds) |
29 |
-17% |
-6% |
-19% |
0% |
32 |
-40% |
10% |
| Asking Price per Square Foot (based on New Listings) |
$837 |
-7% |
-5% |
1% |
1% |
$866 |
7% |
4% |
| February Sold Price per Square Foot |
$944 |
5% |
6% |
15% |
10% |
$924 |
17% |
8% |
| February Month's Supply of Inventory |
1.3 |
-17% |
2% |
-54% |
-15% |
1.4 |
-50% |
-7% |
| February Sale Price vs List Price Ratio |
105.1% |
-1.1% |
2% |
7% |
2.6% |
104.0% |
5.0% |
2.0% |
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) |
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| Property Sales |
| February property sales were 24, up from 18 in February of 2011 and 20.0% higher than the 20 sales last month. February 2012 sales were at their highest level compared to February of 2011 and 2010. February YTD sales of 44 are running 25.7% ahead of last year's year-to-date sales of 35. |
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| Prices |
| The median sales price in February was $1,945,000, up 9.8% from $1,771,000 in February of 2011 and up 29.1% from $1,506,500 last month. The average sales price in February was $2,081,417, up 4.8% from $1,986,944 in February of 2011 and up 25.6% from $1,657,266 last month. February 2012 ASP was at highest level compared to February of 2011 and 2010. |
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| Inventory & MSI |
| The total inventory of properties available for sale as of February was 31, equal to 31 last month and down -39.2% from 51 in February of last year. February 2012 Inventory was at the lowest level compared to February of 2011 and 2010.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2012 MSI of 1.3 months was at its lowest level compared with February of 2011 and 2010. |
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| Market Time |
| The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for February was 29, down from 35 days last month and down from 36 days in February of last year. The February 2012 DOM was at its lowest level compared with February of 2011 and 2010. |
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| Selling Price Per Square Foot |
| The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The February 2012 selling price per square foot of $944 was up 4.9% from $900 last month and up 14.7% from $823 in February of last year. |
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| Selling Price vs Original Listing Price |
| The selling price vs original listing price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The February 2012 selling price vs original list price of 105.1% was down from 106.3% last month and up from 98.0% in February of last year. |
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| Inventory / New Listings / Sales |
| This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in February 2012 was 42, up 16.7% from 36 last month and down -8.7% from 46 in February of last year. |
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| ©2012 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office Is Owned And Operated by NRT LLC. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. DRE License # 00313415Based on information from MLSListings, Inc. for the period 5/27/1995 through 2/29/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated. |
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| City: Palo Alto |
January 2012 |
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| Property Type: Single Family Home | Price $0 to $99,999,000 |
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Trending Versus*: |
Trending Versus*: |
| Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
PriorYTD |
PriorYear |
| Median List Price of all Current Listings |
$1,999,000 |
-13% |
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14% |
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| Average List Price of all Current Listings |
$2,720,254 |
-8% |
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18% |
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| January Median Sales Price |
$1,506,500 |
2% |
6% |
23% |
3% |
$1,506,500 |
23% |
3% |
| January Average Sales Price |
$1,657,266 |
-13% |
-2% |
12% |
-6% |
$1,657,266 |
12% |
-6% |
| Total Properties Currently for Sale (Inventory) |
31 |
63% |
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-35% |
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| January Number of Properties Sold |
20 |
0% |
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18% |
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20 |
0% |
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| January Average Days on Market (Solds) |
35 |
17% |
6% |
-50% |
21% |
35 |
-50% |
21% |
| Asking Price per Square Foot (based on New Listings) |
$904 |
-14% |
4% |
17% |
9% |
$904 |
17% |
9% |
| January Sold Price per Square Foot |
$900 |
5% |
5% |
19% |
5% |
$900 |
19% |
5% |
| January Month's Supply of Inventory |
1.6 |
63% |
36% |
-45% |
2% |
1.6 |
-45% |
2% |
| January Sale Price vs List Price Ratio |
106.3% |
3.5% |
4% |
5% |
3.8% |
103.5% |
3.0% |
1.0% |
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat) |
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| Property Sales |
| January property sales were 20, up from 17 in January of 2011 and equal to 0.0% 20 sales last month. January 2012 sales were at a mid level compared to January of 2011 and 2010. January YTD sales of 20 are running 17.6% ahead of last year's year-to-date sales of 17. |
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| Prices |
| The median sales price in January was $1,506,500, up 23.4% from $1,220,500 in January of 2011 and up 2.1% from $1,475,500 last month. The average sales price in January was $1,657,266, up 11.6% from $1,484,670 in January of 2011 and down -12.7% from $1,899,062 last month. January 2012 ASP was at highest level compared to January of 2011 and 2010. |
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| Inventory & MSI |
| The total inventory of properties available for sale as of January was 31, up 63.2% from 19 last month and down -35.4% from 48 in January of last year. January 2012 Inventory was at the lowest level compared to January of 2011 and 2010.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2012 MSI of 1.6 months was at its lowest level compared with January of 2011 and 2010. |
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| Market Time |
| The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for January was 35, up from 30 days last month and down from 70 days in January of last year. The January 2012 DOM was at its lowest level compared with January of 2011 and 2010. |
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| Selling Price Per Square Foot |
| The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The January 2012 selling price per square foot of $900 was up 5.4% from $854 last month and up 19.2% from $755 in January of last year. |
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| Selling Price vs Original Listing Price |
| The selling price vs original listing price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The January 2012 selling price vs original list price of 106.3% was up from 102.7% last month and up from 101.1% in January of last year. |
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| Inventory / New Listings / Sales |
| This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in January 2012 was 36, up 350.0% from 8 last month and up 5.9% from 34 in January of last year. |
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| ©2012 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office Is Owned And Operated by NRT LLC. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. DRE License # 00313415Based on information from MLSListings, Inc. for the period 5/27/1995 through 1/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated. |
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August Property sales were 45, up 9.8% from 41 in August of 2010 and 15.4% higher than the 39 sales last month. August 2011 sales were at their highest level compared to August of 2010 and 2009. August YTD sales of 332 are running 16.9% ahead of last year's year-to-date sales of 284.
Select this link to see earlier Market Action Reports.
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