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Property Sales Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear SUSANNE BOHL, REALTOR Prices December Property sales were 34, up 17.2% from 29 in December of 2009 and -30.6% lower than the 49 sales last month. December 2010 sales were at their highest level compared to December of 2009 and 2008. December YTD sales of 445 are running 14.1% ahead of last year's year-to-date sales of 390. Trending Versus*: Trending Versus*:
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MARKET ACTION REPORT
December 2010
City: Palo AltoSUSANNE BOHL, REALTOR650.917.4231408.685.7737realtor@agentbohl.comAgentBohl.com
Price Range: ALL | Properties: Single Family Home
Based on information from RE Infolink for the period 1/1/2008 through 12/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained bythe MLS's may not reflect all real estate activity in the market.
Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $1,965,000 Average List Price of all Current Listings $2,323,450 December Median Sales Price $1,357,500 $1,385,000December Average Sales Price $1,438,104 $1,581,323Total Properties Currently for Sale (Inventory) 39 December Number of Properties Sold 34 445December Average Days on Market (Solds) 33 38Asking Price per Square Foot (based on New Listings) $853 $821December Sold Price per Square Foot $777 $809December Month's Supply of Inventory 1.1 2.4December Sale Price vs List Price Ratio 101.8% 100.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales December Property sales were 34, up 17.2% from 29 in December of 2009 and -30.6% lower than the 49 sales last month. December 2010sales were at their highest level compared to December of 2009 and 2008. December YTD sales of 445 are running 14.1% ahead of last year'syear-to-date sales of 390.
Prices The Median Sales Price in December was $1,357,500, up 7.0% from $1,269,000 in December of 2009 and up 12.2% from $1,210,000 lastmonth. The Average Sales Price in December was $1,438,104, up 1.3% from $1,420,307 in December of 2009 and up 14.0% from $1,261,126last month. December 2010 ASP was at highest level compared to December of 2009 and 2008.
MARKET ACTION REPORT
December 2010
City: Palo AltoSUSANNE BOHL, REALTOR650.917.4231408.685.7737realtor@agentbohl.comAgentBohl.com
Price Range: ALL | Properties: Single Family Home
Based on information from RE Infolink for the period 1/1/2008 through 12/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained bythe MLS's may not reflect all real estate activity in the market.
Inventory & MSI The Total Inventory of Properties available for sale as of December was 39, down -39.1% from 64 last month and down -31.6% from 57 inDecember of last year. December 2010 Inventory was at the lowest level compared to December of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2010 MSI of 1.1 months wasat its lowest level compared with December of 2009 and 2008.
Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM forDecember was 33, down -17.5% from 40 days last month and down -32.7% from 49 days in December of last year. The December 2010 DOMwas at its lowest level compared with December of 2009 and 2008.
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales pricecan be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on thedirection of Property values. The December 2010 Selling Price per Square Foot of $777 was down -4.2% from $811 last month and up 3.2%from $753 in December of last year.
MARKET ACTION REPORT
December 2010
City: Palo AltoSUSANNE BOHL, REALTOR650.917.4231408.685.7737realtor@agentbohl.comAgentBohl.com
Price Range: ALL | Properties: Single Family Home
Based on information from RE Infolink for the period 1/1/2008 through 12/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained bythe MLS's may not reflect all real estate activity in the market.
Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. TheDecember 2010 Selling Price vs Original List Price of 101.8% was up from 101.1% last month and up from 99.6% in December of last year.
Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2010 was 10, down-72.2% from 36 last month and down -54.5% from 22 in December of last year.
