Real Estate Market Blog: March 2014

 

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.

March 2014 Real Estate Update

March 18, 2014
Ginny Kavanaugh
In all honesty, I could just repeat here this month exactly what I said last month! Not too much has changed. Buyers are still desperate for homes to but sellers are still sitting on the side lines. While we are certainly seeing more homes come on the market than we did in January or February, we are nowhere near meeting the demand of buyers. In Portola Valley, only one home closed escrow in all of February, although another 10 are currently under contract and pending sale. There are just 18 homes for sale, 7 of which have been on the market ...