Sales Activities Are Up Last Month

San Francisco Chronicle reported today that the home sale numbers are up both the State (39%) and Francisco/Bay Area (35%) last month. Below is a chart composed and driven from MLS Listings Professional (member) website, Silicon Valley.
Not only do we see the listings are up: from 200 to 244, closed sales are about the same. Sale prices keep steady, with Palo Alto still climbing. And percentage of received are all above 100% except Los Altos with friction of 0.1% below. 
Column Explanations:
Avg DOM: Average Days on Market
Avg Sales Price: figures used total sale prices of the city divided by numbers sold.
% LP Rec’d: percentage of offered price divided by listing price.

Single Family Home
March 2008
City/Area New Listings Closed Sales Avg DOM Avg Sales Price % LP Rec’d
Cupertino 53 23 28 1,311,979 99.74
Los Altos 54 15 21 2,056,566 100.42
Mountain View 37 29 22 1,125,714 101.61
Palo Alto 56 31 19 1,918,777 100.20
Summary 200 98 22 1,559,103 100.45
April 2008
City/Area New Listings Closed Sales Avg DOM Avg Sales Price % LP Rec’d
Cupertino 88 27 31 1,278,179 105.50
Los Altos 55 24 26 2,050,114 99.90
Mountain View 39 15 29 1,106,718 103.08
Palo Alto 62 31 21 1,939,446 101.23
Summary 244 97 26 1,653,991 101.83

Comments and questions, please write.

 

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