Menlo Park, CA Market Update for December 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: 29.4%*

Average	November 2007	December 2007	% Change
Asking Price	$1,285,174	$1,162,878	-9.5%
Sales Price	$1,273,297	$1,135,593	-10.8%
% of Asking Price	99%	98%	-1.0%
$/SQFT	$687	$668	5.4%
Days on Market	29	46	58.6%
Total Transactions	31	27	-12.9%

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 1/17/2008: 85 properties on the market with 25 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.