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Real Estate Market Blog: April 2016

 

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.

April 2016 Real Estate Update

April 20, 2016
Ginny Kavanaugh
The numbers are in for Q1 of 2016. Some areas fared better than others, the main challenge across the board is low inventory. However, spring seems to be arriving late this year as I am seeing the market heat-up, I anticipate inventory to steadily increase. Check out the specifics below for each of the cities/towns. The low inventory of homes for sale, with just 14 new listings, resulted in only 8 homes closing escrow in the first quarter. An additional 4 homes went into contract, but have not closed escrow. Due in part to the few number ...