Real Estate Market Blog: November 2013

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

November Real Estate Update

November 25, 2013
Ginny Kavanaugh
By most measures, 2013 has been a banner year for the Bay Area housing market. Sales continue to rebound at all price levels. The median sale price overall climbed 15–25% from a year ago, depending on the city. In many communities, there aren’t nearly enough good listings to go around, often resulting in multiple offers and sales over the asking price. So what do we do for an encore? According to the California Association of Realtors, we’re likely to see continued improvement in 2014 – albeit not at the elevated levels we’ve seen in 2013. ...