PALO ALTO
SANTA CLARA COUNTY
MONTHLY AREA REPORT
APRIL 2018 | SINGLE FAMILY HOMES
Melanie Kemp
International President's Circle
CalRE#: 00867212
Cell: 408-805-1555
melanie.kemp@cbnorcal.com
http://www.melaniekemp.com

SANTA CLARA COUNTY | PALO ALTO    Share
MARKET SUMMARY
April 2018 | Single Family Homes
Market Month to Date Year to Date
Summary April 2018 April 2017 Percent Change Year-To-Date 2018 Year-To-Date 2017 Percent Change
New Listings 53 49 8.16%  167 162 3.09% 
Sold Listings 35 34 2.94%  105 89 17.98% 
Median Listing Price $3,498,000 $2,398,500 45.84%  $2,988,000 $2,488,000 20.1% 
Median Selling Price $3,900,000 $2,692,500 44.85%  $3,498,000 $2,710,000 29.08% 
Median Days on Market 10 9 11.11%  9 9 0% 
List/Sell Price Ratio 107.5% 107.9% -0.34%  110.6% 107.1% 3.29% 
Average Listing Price $4,659,885 $3,462,044 34.6%  $3,838,417 $3,216,240 19.34% 
Average Selling Price $4,848,881 $3,631,535 33.52%  $4,095,239 $3,373,834 21.38% 
Average Days on Market 20 12 66.67%  14 18 -22.22% 
SOLD AND NEW PROPERTIES (UNITS)
April 2018 | Single Family Homes
Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

SANTA CLARA COUNTY | PALO ALTO
MEDIAN SALES PRICE AND NUMBER OF SALES
April 2018 | Single Family Homes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
April 2018 | Single Family Homes

Median Sales Price | Price of the ""middle"" property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SANTA CLARA COUNTY | PALO ALTO
SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE
April 2018 | Single Family Homes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
April 2018 | Single Family Homes


Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.
Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

SANTA CLARA COUNTY | PALO ALTO
PROPERTIES FOR SALE AND SOLD PROPERTIES
April 2018 | Single Family Homes
AVERAGE ASKING/SOLD/UNSOLD PRICE
April 2018 | Single Family Homes
Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

SANTA CLARA COUNTY | PALO ALTO
ABSORPTION RATE
April 2018 | Single Family Homes
MONTHS SUPPLY OF INVENTORY
April 2018 | Single Family Homes
Absorption Rate | Looks at the past year's monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

The statistics presented in the Area Report are compiled based on figures and data generated by IDC Global and may not be completely accurate. All information should be independently verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Not intended as a solicitation if your property is already listed by another broker. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor agents and are not employees of the Company.
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