Menlo Park, CA Market Update for October 2007

Here are the latest real estate market statistics for Menlo Park, CA area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 38.9%*

Average	September 2007	October 2007	% Change
Asking Price	$1,293,168	$1,533,976	18.6%
Sales Price	$1,286,646	$1,520,202	18.2%
% of Asking Price	100%	99%	-1.0%
$/SQFT	$679	$716	5.4%
Days on Market	30	24	-20.0%
Total Transactions	24	34	36.0%

Search for homes in Menlo Park, CA and read a neighborhood overview of the Menlo Park, CA area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 11/7/2007: 113 properties on the market with 44 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.