Schizophrenic market

November 6, 2006

At our regular Monday morning office meeting today, there was still more evidence of a schizophrenic market. Some properties have been languishing on the market for months — Menlo Park’s longest-suffering property is currently at 400 days, and Palo Alto’s is at 270 days — while others are being snapped up quickly, often with multiple offers.

Today the following sales were announced:

Mountain View
1 offer; below list price
5 offers; above list price
1 offer; under list price
Menlo Park
2 offers; at list price
1 offer; below list price
1 offer; not sure
Sunnyvale
10 offers (!); above list price
1 offer; not sure
Redwood Shores
3 offers; above list price

Foster City
2 offers; not sure

Burlingame
5 offers; above list price
Palo Alto
1 offer; under list price
12 offers (!); above list price

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Written by Kevin · Filed Under Burlingame, For buyers, For sellers, Foster City, Market updates, Menlo Park, Mountain View, Palo Alto, Real estate, Redwood Shores, Sunnyvale | 1 Comment