We are still in a seller's market in 2012. Inventory remains extremely low. Dreyfus Properties has just released its 4th quarter market report, comparing the final three months of 2011 to same time period year before.
What's happening with Menlo Park prices?
Menlo Oaks is ...
I found this great info as I was reading my California Association of Realtor's magazine. Joseph Cartwright wrote this report called "Walking the Walk: How Walkability Raises Home Values in U.S. Cities."
http://blog.walkscore.com/wp-content/uploads/2009/08/WalkingTheWalk...
Again, we saw only 3 new listings on Realtor Tour in Menlo Park on Dec 7th. 675 Woodland Dr - a 3 bed/2 bath listed for $1,595,000 sold that day! Inventory is extremely low - sellers who are thinking of selling should begin to prepare their homes and put them on the market.
If you are a seller - it's a great time to sell! My latest listing at 60 Willow Road sold in 7 days with 3 offers and went over list price!
I have a new listing at 193 E. Creek Drive - 4 bed/2.5 bath tastefully remodeled home. 2,515 sf home - 10,270 sf lot - listed for $1.995,000.