Palo Alto real estate market has fully recovered from the recession and is soaring to the new highs — April median price of a single family home crossed $2M threshold and reached an all-time record of $2,061,000 (based on MLS data).  The average sale price also ended up above $2M mark at $2,096,000.

The average days on the market in April dropped to 14 days, down from 16 days in March.  The only time homes sold faster was in March of 2005 when new listings on average went into pending state in only 13 days.  The inventory increased from 32 homes available for sale in March to 47 in April.

The moderate inventory increase, however, wad not enough to satisfy the housing demand.  Silicon Valley companies are hiring and bringing people from other parts of the country.  March unemployment rate in Palo Alto was 4.8 percent, 4.6 percent in Los Altos and 6.7 in Mountain View.  These numbers are way below national and state averages that are 8.4 percent and 11.5 percent respectively.

According to the Wall Street Journal, ten Bay Area companies went public since the beginning of the year, three of them in April alone — Infoblox, Proofpoint and Splunk.  At the same time countless number of promising startups were acquired by other companies without getting much press.  The most notable was Facebook’s acquisition of Instagram for $1B announced on April 9th.

Going into the summer, we expect the listing volume to increase comparing with the earlier in the year — we are constantly getting updates about the upcoming new listings through the agent network.  The demand should remain strong as economic recovery supports higher employment and will bring additional workers to Bay Area.

We also see a significant interest from foreign investors, especially in Palo Alto.  A large portion of purchases are completed with full cash and this trend should continue for the foreseeable future.

The economic climate and real estate market fundamentals in Silicon Valley are favorable to both buyers and sellers now.  Contact Elena and Michael Talis at 650.766.6100 to discuss how you can take advantage of the current market conditions.

Month-Over-Month
Month, Year	Listed	Sold	Median Price	DOM
January 2012	36	20	$1,515,000	35
February 2012	42	24	$1,950,000	29
March 2012	53	40	$1,700,000	16
April 2012	68	36	$2,061,000	14
Year-Over-Year
Month, Year	Listed	Sold	Median Price	DOM
April 2009	73	29	$1,245,000	24
April 2010	56	32	$1,650,000	34
April 2011	70	64	$1,650,000	34
April 2012	68	36	$2,061,000	14

March of 2012 was nothing like March of last year!  The number of single family homes sold year-over-year fell from 45 units to 40, but not due to a lack of buyer interest.  From our buyer clients we sense a tremendous feel of urgency to get into a house before the market will price them out of Palo Alto and the surrounding cities.

Real estate market statistics confirm this threat.  The selling price per square foot increased from $878 in March of 2011 to $921 this March, the average number of days a house is on the market (DOM) dropped from 21 days to 16 days over the same period of time (see more market data in my earlier posting).  The number of homes available for sale dropped from 60 to 32 year-over-year and the selling to list price ratio reached 108.8 percent, the highest number since May of 2005, when it was at 112.7 percent.

The demand for housing is being fueled by the increased levels of economic activity in the area.  A large number of local employers are hiring, with a steady flow of companies setting up shop in Palo Alto and other nearby cities.  GetHired.com, a startup that secured $2M in its first round of funding at the end of April, opened an office in downtown Palo Alto soon after raising capital.

Groupon recently announced plans to hire as many as 100 engineers in Palo Alto, and Ford selected downtown Palo Alto as the location of its first West Coast research facility.  With the Palo Alto unemployment rate at 4.7 percent in February, it’s no surprise that housing can’t keep up with the demand.

Meanwhile, sellers are holding back — 53 single family homes were listed this month while 84 were listed in March of 2011.  The shortage of inventory that we noticed during the summer of 2011 continues and prices are being driven up.

Multiple offer situations and all-cash offers have become a common occurrence.  The median price of a single family home in Palo Alto reached $1,680,000, a 36 percent jump from the last market bottom in March of 2009.  Continued near-record low interest rates provide additional support for the market upswing.

The economic climate and real estate market fundamentals in Silicon Valley are favorable to both buyers and sellers now.  Contact Elena and Michael Talis at 650.766.6100 (or mtalis@yahoo.com) to discuss how you can take advantage of the current market conditions.

Month-Over-Month
Month, Year	Listed	Sold	Median Price	DOM
Dec. 2011	8	20	$1,480,000	30
January 2012	36	20	$1,515,000	35
February 2012	42	24	$1,950,000	29
March 2012	53	40	$1,680,000	16
Year-Over-Year
Month, Year	Listed	Sold	Median Price	DOM
March 2009	63	24	$1,230,000	35
March 2010	51	28	$1,410,000	60
March 2011	84	45	$1,590,000	21
March 2012	53	40	$1,680,000	16

Michael Talis REALTOR® http://talisrealestate.com mtalis@yahoo.com

City: Palo Alto March 2012

Property Type: Single Family Home | Price $0 to $99,999,000

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% 40% Average List Price of all Current Listings $2,963,497 11% 34% 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% -47% March Number of Properties Sold 40 67% -11% 84 5% 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)

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. 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. 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. 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. 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. 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. 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.

©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 # 00313415 Based 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.

There may have been a record set last month in Palo Alto — a house on Georgia Avenue was sold with 38 offers, the highest number of offers in the memory of many real estate professionals.  It means that there were 37 potential buyers that were ready to put money down and did not get the house.  Most of these families are probably still on the market searching for new opportunities in our city and in the surrounding communities of Los Alto, Los Altos Hills and Mountain View.  The high demand pushed prices up — the median sale price reached $1,950,000 for a single family home, the highest number since December of 2007 when the median sale price reached $2,100,000.

The national news is still talking about the housing market searching for the bottom while we experience a strong recovery in our area.  With the number of homes available for sale in Palo Alto dropping 39.2 percent from the same time last year, the average number of days on the market in February decreased to 29, down from 35 days in January and down from 36 days in February of last year.  Price per square foot of a single family home reached $944, a 4.9 percent increase from $900 in January and 14.7 percent increase from $823 in February of last year.
Because it lies in the heart of Silicon Valley, Palo Alto is also doing better from an economic point of view than many other areas in Santa Clara County and the state as a whole.  The unemployment rate in Palo Alto was 4.6 percent in December 2011; in Santa Clara County, it was 8.7 percent, while in California overall the unemployment rate was 10.9 percent, according to the latest published data.

Looking forward to the rest of the year, we are expecting listing activities to increase fueled by high demand.  If this year ends up being similar to 2011 when 84 homes were put on the market in March, March of 2012 should jumpstart the spring selling season with a significant increase in new listings while multiple offers will continue to be a common occurrence in Palo Alto.

If you are thinking about selling your home in 2012, now is the time to plan how to prepare your home and pick the best sales strategy for you.  Contact Elena or Michael Talis at 650.766.6100 for professional advice and consultation.

To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Market Monthly Review Reports.

Month, Year	Listed	Sold	Median Price	DOM
Nov. 2011	29	39	$1,390,000	31
Dec. 2011	8	20	$1,480,000	30
January 2012	36	20	$1,515,000	35
February 2012	42	24	$1,950,000	29
Month, Year	Listed	Sold	Median Price	DOM
February 2009	76	14	$1,592,000	64
February 2010	43	23	$1,505,000	48
February 2011	46	18	$1,925,000	36
February 2012	42	24	$1,950,000	29

The Palo Alto real estate market is suffering from a listing drought. As of end of January, the total number of homes available for sale stood at 31 single family homes. And while it is an increase from 19 homes available in December of last year, it is still a 35 percent drop from January of 2011. Most of the new listings in Palo Alto are attracting large crowds of potential buyers and generate multiple offers. One of the most striking examples of a bidding war was a property at 769 Redwood Dr. in the Midtown area. A 2 bedroom 2 bathroom house was listed at $1,050,000 and was sold for $1,515,000 in just 4 days and closed in 2 weeks — a 44 percent jump over the asking price. While the existing house has only 1,182 square feet of living space, the draw was its location and its lot size of 8,775 square feet. According to Palo Alto’s building standard, the owner should be able to build up to about 3,500 square feet home on that property.

The shortage of homes for sale was noted way back toward the beginning of 2011. While 84 homes were listed in March of 2011, the number of new listings steadily declined throughout the year reaching a low of 8 new listings in December 2011. This constant shortage of inventory created a strong sellers’ market in Palo Alto and in the surrounding cities that most likely will persist for some time. Silicon Valley’s economic recovery and upcoming IPOs, including the recently announced Facebook IPO, should keep conditions favorable for sellers throughout 2012.

Low interest rates also work to prop up the real estate market. According to Freddie Mac’s Primary Mortgage Market Survey®, 30-year fixed mortgage rates set all-time record lows 4 times since the beginning of December 2011, with the most recent record set on the week ending February 2.

If you are thinking about selling your home in 2012, now is the time to plan how to prepare your home and pick the best sales strategy for you. Contact Elena or Michael Talis at 650.766.6100 for professional advice and consultation.

Month, Year	Listed	Sold	Median Price	DOM
Oct. 2011	28	23	$1,400,000	37
Nov. 2011	29	39	$1,390,000	31
Dec. 2011	8	20	$1,480,000	30
January 2012	36	19	$1,515,000	37
Month, Year	Listed	Sold	Median Price	DOM
January 2009	43	12	$1,395,000	44
January 2010	42	23	$1,325,000	65
January 2011	34	17	$1,220,000	39
January 2012	36	19	$1,515,000	37

Michael Talis REALTOR® http://talisrealestate.com   mtalis@yahoo.com

City: Palo Alto January 2012

Property Type: Single Family Home | Price $0 to $99,999,000

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%   14%         Average List Price of all Current Listings $2,720,254 -8%   18%         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%   -35%         January Number of Properties Sold 20 0%   18%   20 0%   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)

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. 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. 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. 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. 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. 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. 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.

©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 # 00313415 Based 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.

When we started working on this issue, we went back to our 2010 year-in-review article to compare the main factors affecting the real estate market then and now.  A comment about interest rates reaching below 5 percent immediately got our attention.  Interest rates were dominated the news in 2010 and by the end of the year stood at all-time record lows according to Freddie Mac’s Primary Mortgage Market Survey®.  As of January 5th 2012, the 30-year fixed rate averaged 3.91 percent marking it the fifth consecutive week of the rates staying below 4.00 percent.  This level of interest rates helps both the buyers and the sellers as they make homes more affordable and support property values at the same time.  For a typical Palo Alto home, a one percent increase in interest rates translates roughly into a $100,000 reduction of the buyers’ purchase power, assuming a 20% down payment and the same monthly payment.

During 2011, the Palo Alto real estate market continued to improve quite nicely.  The total number of sales of single family homes had been increasing for three consecutive years and by the end of 2011reached 450, the highest number since 2007 when the total number of homes sold stood at 463.  The median price increased by 3.6 percent comparing with the previous year and ended at $1,431,500.  This level of prices is, while significantly higher than 2006 levels, still below the record numbers achieved in 2007-2008.  (See the charts at the end of the article).

Looking at 2011 in greater detail shows that it was quite an unusual year.  The selling season started much earlier than in previous years — the demand for housing peaked in February and March resulting in a record number of closed transactions in April when 64 escrows were closed.  This was the highest number of single family homes sold in one month since June 2006 when 67 homes were sold.  The rest of the year was characterized by the shortage of homes for sale and lower sales numbers.  There were only 19 homes available for purchase in December.  The shortage of inventory was pushing prices up in Palo Alto and caused a median price spike in June when the median home price reached $1,625,000.  The same discrepancy between the supply and the demand side of the market contributed to a strong sellers’ market in Palo Alto where 297 home out of total of 450 (or 66 percent) were sold at or above the listing price.  The average Days on Market continued to improve and dropped to 29 days, exactly the same level as we experienced in booming 2007.

It is difficult to predict the way the market will turn in 2012.  According to California Association of Realtors Vice President and Chief Economist Leslie Appleton-Young “the wild cards for 2012 are many, including federal, fiscal, monetary, and housing policies; the contentious political climate during an election year; and the strength of the U.S. economic recovery.”  She continued: “The most likely scenario is for the modest recovery to continue, and this should push sales up slightly next year by one percent and maintain levels that are significantly higher than those recorded during the depths of the housing downturn.”

The Silicon Valley economy is performing better than the state overall.  The unemployment rate in Santa Clara County stands at 9.1 percent while statewide unemployment was 10.9 percent, according to California Employment Development Department November 2011 data. The City of Palo Alto shows an amazing 4.9 percent unemployment rate.  This relative economic prosperity is due to a number of local companies that are not only holding steady during the recession but are expanding and improving their market positions.  Most notably, Facebook moved to a much larger campus in Menlo Park that will allow them to grow to more than 9,000 employees at that location.  The company is also expected to go public in 2012.  Other more traditional industries are also coming to the area with Ford being the latest automaker opening a research lab in Silicon Valley.  This economic activity should support continuing improvement of the real estate market in Palo Alto, pushing it closer to a full recovery.

If you are planning to sell this year, now is the time to prepare your home for the market and pick the best sales strategy for you.  The continued shortage of homes for sale combined with the local economic upturn and record low interest rates have created a strong sellers’ market that you will be able to take advantage of.

Call Elena or Michael for professional advice and consultation.

October signaled a significant real estate market slowdown as we approach the holiday season.  With only 28 new listings, 29 accepted offers and 8 homes taken off the market, the inventory of available homes dropped to 45 units.  This is a 17 percent drop in inventory comparing with September of this year and 47 percent drop from the same time last year when 85 homes were available for sale.  And while real estate market is used to seasonal fluctuations, this year’s trends did not follow any established patterns.  Expected increase in listings and sales in September and October did not materialize as new listings were coming on the market slowly as sellers were holding back due to economic uncertainties at home and abroad.

Another force influencing the market is the ongoing low interest rates.  According to Primary Mortgage Market Survey® released by Freddie Mac weekly, the average rate for the conventional 30-year fixed mortgage dropped below 4 percent for the first time in history during the week ending October 6, 2011.  For the rest of October the interest rates were hovering in low 4 percent range before dropping to 3.99 percent the week of November 10, 2011.

The continuing shortage of supply and low interest rates provided the necessary ground-level support for housing prices.  The median sold price of a single family home increased slightly by1.4 percent from September 2011 level and fell by 4.1 percent from October a year ago.  Out of 23 homes sold in October, 15 (or 65 percent) were sold at or above the asking price and 43 percent were paid for in cash.  Multiple offers continued to be a common place in Palo Alto and competition among the buyers for the homes perceived as great values remained fierce.

Call Elena or Michael for a free consultation on the best sale or investment strategy for your house:

• Remodel your home or move
• Sell or rent your property
• Long-term investment analysis
• And much more…

To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Market Monthly Reviews.

Month, Year	Listed	Sold	Median Price	DOM
July 2011	56	38	$1,411,000	24
August 2011	42	49	$1,380,000	23
Sept. 2011	43	34	$1,380,000	28
October 2011	28	23	$1,400,000	37
Month, Year	Listed	Sold	Median Price	DOM
October 2008	52	22	$1,300,000	26
October 2009	63	39	$1,508,000	53
October 2010	38	43	$1,460,000	40
October 2011	28	23	$1,400,000	37

Traditionally fall is a busy selling season, but this year may be different.  The biggest obstacle standing in the way of a solid market in Palo Alto is a lack of inventory. There just aren’t enough good, well-priced homes for sale to meet buyers’ demand.  On October 2nd at an open house a buyer who just started a search for a new home asked us, “When will we see more homes on the market?  Our friends are telling us that there should have been a lot of new properties on the market after Labor Day.”  We wish we had a simple answer to this question!

Considering the downbeat national housing market news coverage, you might think that more homes on the market is exactly what we don’t need at this time.  But Palo Alto is different from much of the country.  In our market, buyers are continuing to snap up homes that are seen as good values.  The result is that more than half of listings are attracting multiple offers and many buyers are frustrated by a lack of supply.  Only 43 single family homes were listed in September across Palo Alto, a 41% drop comparing with last year, and only one more home than in August, traditionally one of the slowest months of the year.

Despite the volatility of the financial markets, we’re not seeing current buyers walking away.  Given the global economic headwinds buffeting the financial markets, we’re likely to continue experiencing volatility for some time to come.  Still, most homebuyers in the Bay Area are looking past the week-to-week gyrations of the stock market and focusing on the long term.  If anything, the recent dip in the stock market makes real estate all the more attractive as a long-term investment option.  On the seller’s side, the sense is that we’ll start seeing more people coming back into the market to list their homes this fall, once they begin seeing the real demand that’s out there for well-priced properties.

Call Elena or Michael for a free consultation on the best sale or investment strategy for your house:

• Remodel your home or move
• Sell or rent your property
• Long-term investment analysis
• And much more…

To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Market Monthly Reviews.

Month, Year	Listed	Sold	Median Price	DOM
June 2011	47	49	$1,625,000	27
July 2011	56	38	$1,411,000	24
August 2011	42	48	$1,380,000	21
September 2011	43	33	$1,375,000	28
Month, Year	Listed	Sold	Median Price	DOM
September 2008	60	24	$1,525,000	33
September 2009	63	39	$1,274,000	53
September 2010	74	36	$1,405,000	36
September 2011	43	33	$1,375,000	28