Real Estate Market Blog: April 2015

 

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.

Onsite Water Recycling for San Mateo County

April 24, 2015
Ginny Kavanaugh
I just received this update from Michelle Bilodeau from San Mateo County Environmental Health on water recycling. It outlines the residential guidelines for water recycling. Download the original document here. Here is a copy of what the document includes. As California continues to experience one of the most severe droughts in history, many residents and businesses are looking for innovative ways to conserve and reduce consumption of drinking water. Simple methods toconserve water can include:   Limiting showers to five ...

Q1 2015 Real Estate Report

April 16, 2015
Ginny Kavanaugh
Here are some metrics that I have pulled for the real estate market performance in Q1 2015. Surprisingly, each of the town were both similar and different in various ways The year started out with very low inventory of homes for sale. There were 11 homes for sale in January, 15 in February, and then 22 in March. Due in partto the low inventory, there were just 8 homes that closed escrow, compared to 18 for the same quarter in 2014. There were an additional 7 homes that went into contract but have not closed escrow yet. The average ...