January, 2016 Palo Alto Market Review

 

[Palo Alto]Market Review : January /2016

 

Schools : All 10 of 10, Great schools

 

Elementary(11) : Walter Hays, Addison, Duveneck, Ohlone, El Carmelo, Escondido, Palo Verde, Fairmeadow, Barron park, Herbert Hoover, Juana briones

Middle (3):David Starr Jordan Middle, Terman Middle, JLS(Jane Lathrop Stanford) Middle

High (2) : Gunn High, Palo Alto High

 

Market Areas (13)

230 Palo Alto Hills,     231 Green Acres,  232 Barron Park, 233 South Palo Alto,  234 Midtown,

235 Ventura,  236 College,  237 Old Palo Alto,  238 Green Gables,  239 Crescent Park,

240 Community Center,  241 Professorville,  242 Downtown Palo 

 

Market Trends 1/2016 (Sold Price Analysis & Residential Summary Report)

 

Sold

Single Family

Sold

Condo / Townhouse

Active-Current

Single

Active-Current

Condo / Townhouse

11

High:$3.77M,

Low:$1.688M

Avg:$2.405M

Dom:30Days

$3M Above:2

$2M’s : 7

$2M Below:2

5 / 1

High:$2.2M/1.25M

Low:$650K/1.25M

Avg:$1.277M/1.25M

Dom:10Days/10days

$2M Above:0

$2M Below:5

13

High:$6.88M

Low:$1,998M

Avg:$3.46M

Dom:31Days

$/sq : $2,242

$3M Above:6

$3M Below:7

4 / 3

High:$3.5M/ 1.498M

Low:$1.13M/ 1.198M

Avg:$2.13M/1.332M

Dom:86Days/25Days

Avg SQ: 1579sq/1274sq

$/sq: $1,313/1,067

$2M Above:2 / 0

$2M Below:2 / 3

 

 

Market Trends 2016 (Market Summary Report)

 

Sold

Single Family

Sold

Condo

Sold

Townhouse

326

Avg:$3.1M

Dom:18Days

 

56

Avg:$1.39M

Dom:23Days

 

30

Avg:$1.67M

Dom:14Days

 

 

. Monthly Sold Number :12(Jan, 2015), 47(Apr, 2015) 

 


 

 

Market Trends 2015

 

Sold

Single Family

Sold

Condo

341

Avg:$2.782M

Dom:16Days

 

105

Avg:$1.247M

Dom:15Days

 

. Monthly Sold Number : 9 (Dec, 2014) ~ 58 (Apr, 2014) 

 

 

LIC# 01992567

John.Chung.US@gmail.com

(408) 482-8949

Bay Area


John is fluent in both English and Korean. He has traveled to many different regions of the world. This exposure to diverse cultures has helped him better understand and serve his clients who are often foreign-born and western educated.

 

Embracing his role as a Real Estate Evangelist, he strives to move the industry towards a model of smaller business with stronger fidelity to clients, while combining focused negotiation, innovative technology and reliable real estate practices.

 

John and his wife Jane currently reside in Santa Clara with their three beautiful daughters. His family has a continued focus in giving back to the local community through non-profit and charity work. In his spare time, John enjoys fishing, hiking and backpacking. 

 

 

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