Palo Alto Real Estate Market Trends September 2010

MARKET ACTION REPORT SUSANNE BOHL, REALTOR August 2010

City: Palo [email protected]

Single Family Home | Price $0 to $99,999,000

Based on information from RE Infolink for the period 5/27/1995 through 8/31/2010. 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 PriorYearMedian List Price of all Current Listings $1,596,500 Average List Price of all Current Listings $2,140,021 August Median Sales Price $1,275,000 $1,435,000August Average Sales Price $1,433,294 $1,666,796Total Properties Currently for Sale (Inventory) 94 August Number of Properties Sold 35 277August Average Days on Market (Solds) 29 38Asking Price per Square Foot (based on New Listings) $792 $821August Sold Price per Square Foot $817 $811August Month's Supply of Inventory 2.7 2.7August Sale Price vs List Price Ratio 101.3% 100.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales August Property sales were 35, up 20.7% from 29 in August of 2009 and -18.6% lower than the 43 sales last month. August 2010 sales were attheir highest level compared to August of 2009 and 2008. August YTD sales of 277 are running 15.9% ahead of last year's year-to-date salesof 239.

Prices The Median Sales Price in August was $1,275,000, down -2.5% from $1,308,000 in August of 2009 and down -16.4% from $1,525,000 lastmonth. The Average Sales Price in August was $1,433,294, down -3.8% from $1,489,448 in August of 2009 and down -20.1% from$1,794,579 last month. August 2010 ASP was at the lowest level compared to August of 2009 and 2008.





Inventory & MSI The Total Inventory of Properties available for sale as of August was 94, down -10.5% from 105 last month and down -3.1% from 97 in Augustof last year. August 2010 Inventory was at a mid range compared to August of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2010 MSI of 2.7 months was atits lowest level compared with August 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 for Augustwas 29, up 31.8% from 22 days last month and down -27.5% from 40 days in August of last year. The August 2010 DOM was at its lowestlevel compared with August 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 August 2010 Selling Price per Square Foot of $817 was down -4.1% from $852 last month and up 13.3%from $721 in August of last year.





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. TheAugust 2010 Selling Price vs Original List Price of 101.3% was down from 104.1% last month and up from 97.8% in August 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 August 2010 was 47, down -20.3% from 59 last month and up 4.4% from 45 in August of last year.




Based on information from RE Infolink for the period 5/27/1995 through 8/31/2010. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

Homes Sold 33 51 26 12 16 18 31 31 40 53 48 28 24 22 23 22 12 14 24 29 42 45 44 29 39 42 41 29 23 23 28 32 51 42 43 353 Mo. Roll Avg 37 30 18 15 22 27 34 41 47 43 33 25 23 22 19 16 17 22 32 39 44 39 37 37 41 37 31 25 25 28 37 42 45 40

(000's) S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

MedianSalePrice 1,720 1,620 1,439 1,900 1,513 1,655 1,635 1,700 1,435 1,611 1,729 1,485 1,467 1,275 1,330 1,338 1,373 1,493 1,218 1,245 1,501 1,400 1,323 1,308 1,274 1,507 1,430 1,269 1,325 1,505 1,405 1,584 1,409 1,650 1,525 1,275

3 Mo. Roll Avg 1,593 1,653 1,617 1,689 1,601 1,663 1,590 1,582 1,592 1,608 1,560 1,409 1,357 1,314 1,347 1,401 1,361 1,319 1,321 1,382 1,408 1,344 1,302 1,363 1,404 1,402 1,341 1,366 1,412 1,498 1,466 1,548 1,528 1,483


Inventory 51 41 38 25 40 52 67 76 86 75 85 77 90 108 98 67 83 125 143 153 147 125 121 97 112 93 70 57 72 78 85 76 94 110 105 94MSI 2 1 1 2 3 3 2 2 2 1 2 3 4 5 4 3 7 9 6 5 4 3 3 3 3 2 2 2 3 3 3 2 2 3 2 3


Days On Market 18 17 27 36 27 14 19 21 26 29 20 37 33 26 30 36 44 64 35 24 55 37 55 40 53 31 42 49 65 48 60 34 27 45 22 293 Mo. Roll Avg 21 27 30 26 20 18 22 25 25 29 30 32 30 31 37 48 48 41 38 39 49 44 49 41 42 41 52 54 58 47 40 35 31 32


Price per Sq Ft 891 924 895 924 965 843 971 909 959 953 939 908 860 864 843 845 720 806 830 808 778 758 768 721 787 801 768 753 764 715 788 815 805 860 852 8173 Mo. Roll Avg 903 914 928 911 926 908 946 940 950 933 902 877 856 851 803 790 785 815 805 781 768 749 759 770 785 774 762 744 756 773 803 827 839 843


Sale to List Price 1.040 1.050 1.071 1.075 0.988 1.064 1.027 1.023 1.020 1.023 1.034 1.016 0.993 1.011 0.990 0.983 0.952 0.975 0.988 0.967 0.989 0.982 0.969 0.978 0.988 1.010 1.000 0.996 0.999 0.975 1.023 0.999 1.013 1.000 1.041 1.013

3 Mo. Roll Avg 1.054 1.065 1.045 1.042 1.026 1.038 1.023 1.022 1.026 1.024 1.014 1.007 0.998 0.995 0.975 0.970 0.972 0.977 0.981 0.979 0.980 0.976 0.978 0.992 0.999 1.002 0.998 0.990 0.999 0.999 1.012 1.004 1.018 1.018


New Listings 57 38 20 11 36 47 56 62 72 48 55 28 60 52 35 20 43 76 63 73 66 59 53 45 63 47 23 22 42 42 51 56 66 70 59 47Inventory 51 41 38 25 40 52 67 76 86 75 85 77 90 108 98 67 83 125 143 153 147 125 121 97 112 93 70 57 72 78 85 76 94 110 105 94Sales 33 51 26 12 16 18 31 31 40 53 48 28 24 22 23 22 12 14 24 29 42 45 44 29 39 42 41 29 23 23 28 32 51 42 43 35

(000's) S 07 O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A

Avg Sale Price 2,202 1,827 1,759 2,179 2,298 1,790 1,920 1,939 1,677 2,021 1,819 1,758 1,751 1,396 1,556 1,413 1,553 1,503 1,446 1,537 1,637 1,556 1,470 1,489 1,408 1,659 1,507 1,420 1,378 1,629 1,625 1,708 1,656 1,920 1,795 1,433

3 Mo. Roll Avg 1,929 1,922 2,079 2,089 2,003 1,883 1,845 1,879 1,839 1,866 1,776 1,635 1,568 1,455 1,507 1,490 1,501 1,495 1,540 1,576 1,554 1,505 1,456 1,519 1,525 1,529 1,435 1,476 1,544 1,654 1,663 1,761 1,790 1,716

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Palo Alto Real Estate Market Trends September 2010