Market Report - The Brasil Group

Palo Alto, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Palo Alto, CA

Wed Sep 22 2021
This week the median list price for Palo Alto, CA is $1,296,500 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 24. Click here to stay informed with the Palo Alto 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Palo Alto, CA

Wed Sep 22 2021
This week the median list price for Palo Alto, CA is $1,296,500 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 24. Click here to stay informed with the Palo Alto 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $1,296,500
Median Price of New Listings $1,549,000
Per Square Foot $1,108
Average Days on Market 69
Median Days on Market 35
Price Decreased 25%
Price Increased 0%
Relisted 8%
Inventory 24
Median Rent $3,485
Market Action 49
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$1,994,000 1,567 0 - 4,500 sqft 2 2 40 2 0 35
$1,649,000 1,307 0 - 4,500 sqft 2 2 49 2 1 45
$1,198,884 1,126 0 - 4,500 sqft 2 2 36 1 0 66
$894,000 732 0 - 4,500 sqft 1 1 38 2 0 59