PALO ALTO
SANTA CLARA COUNTY
MONTHLY AREA REPORT
NOVEMBER 2018 | CONDOS/TOWNHOMES
Susanne Bohl
CalRE: CA-01430611
Direct: (650) 917-4231 | Cell: (408) 685-7737
susanne.bohl@cbnorcal.com
http://AgentBohl.com/

SANTA CLARA COUNTY | PALO ALTO    Share
MARKET SUMMARY
November 2018 | Condos/Townhomes
Market Month to Date Year to Date
Summary November 2018 November 2017 Percent Change Year-To-Date 2018 Year-To-Date 2017 Percent Change
New Listings 5 8 -37.5%  109 91 19.78% 
Sold Listings 5 4 25%  80 77 3.9% 
Median Listing Price $1,575,000 $1,200,000 31.25%  $1,559,000 $1,495,000 4.28% 
Median Selling Price $1,702,000 $1,337,500 27.25%  $1,701,000 $1,500,000 13.4% 
Median Days on Market 9 7 28.57%  9 9 0% 
List/Sell Price Ratio 104% 109.5% -5.02%  110% 107.1% 2.7% 
Average Listing Price $1,411,400 $1,284,500 9.88%  $1,566,578 $1,462,814 7.09% 
Average Selling Price $1,472,000 $1,392,750 5.69%  $1,709,951 $1,560,211 9.6% 
Average Days on Market 26 25 4%  15 15 0% 
SOLD AND NEW PROPERTIES (UNITS)
November 2018 | Condos/Townhomes
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
November 2018 | Condos/Townhomes
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
November 2018 | Condos/Townhomes

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
November 2018 | Condos/Townhomes
AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE
November 2018 | Condos/Townhomes


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
November 2018 | Condos/Townhomes
AVERAGE ASKING/SOLD/UNSOLD PRICE
November 2018 | Condos/Townhomes
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
November 2018 | Condos/Townhomes
MONTHS SUPPLY OF INVENTORY
November 2018 | Condos/Townhomes
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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