David & Sunny's Market Report

Portola Valley, CA

Single-Family Homes

Changing Lives Through Homes


Portola Valley, CA

Mon Apr 29 2024
This week the median list price for Portola Valley, CA is $4,345,000 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has increased to 15. Click here to stay informed with the Portola Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Portola Valley, CA

Mon Apr 29 2024
This week the median list price for Portola Valley, CA is $4,345,000 with the market action index hovering around 48. This is less than last month's market action index of 53. Inventory has increased to 15. Click here to stay informed with the Portola Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Portola Valley market.
Median List Price $4,345,000
Median Price of New Listings $11,600,000
Per Square Foot $1,339
Average Days on Market 153
Median Days on Market 28
Price Decreased 33%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$19,000,000 11,185 5 - 10 acres 6 8 18 1 0 357
$7,872,500 5,649 2.5 - 5 acres 4 4.5 39 1 1 108
$4,074,000 3,283 1 - 2.5 acres 4 3.3 50 0 1 17
$2,822,500 1,938 0.25 - 0.5 acre 3 2.8 82 0 0 17