Palo Alto, CA Market Update for August 2007

Here are the latest real estate market statistics for Palo Alto, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 21.9%*

Average	July 2007	August 2007	% Change
Asking Price	$1,297,185	$1,620,721	24.9%
Sales Price	$1,359,926	$1,685,464	23.9%
% of Asking Price	105%	104%	-1.0%
$/SQFT	$831	$864	4.0%
Days on Market	36	22	-38.9%
Total Transactions	58	53	-8.6%

Search for homes in Palo Alto, CA and read a neighborhood overview of the Palo Alto, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 9/14/2007: 73 properties on the market with 16 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.