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Real Estate Market Blog: February 2018

 

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.

February 2018 Real Estate Update

February 15, 2018
Ginny Kavanaugh
If you are considering buying or selling, let’s talk about next steps now. Whether you are preparing to come on the market or searching for the perfect place to call home, the earlier you start the better in order to get a jump on the spring competition. Eight weeks into the New Year, and here is what's happening in real estate in our cities and towns.   A home that I had listed for sale went into contract at the end of January and closed escrow 7 days later for $4,461,000. A home sold off market at the end of January for ...

Portola Valley 2017 Annual Report

February 02, 2018
Ginny Kavanaugh
In Portola Valley, the 2017 real estate market was particularly strong. Record-high prices were set, inventory of homes for sale increased (unlike neighboring cities), and the number of homes sold escalated sharply compared to the past two years. The Multiple Listing Service reported 76 sales, a 19% gain from 2016. Additionally, several homes sold off market. The graphs in this report do not include off-market sales; if you would like information on these, just contact me. The average price in Portola Valley increased 14% to a ...