Market Report - The Brasil Group

Palo Alto, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Palo Alto, CA

Mon Jun 21 2021
This week the median list price for Palo Alto, CA is $1,474,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 22. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palo Alto, CA

Mon Jun 21 2021
This week the median list price for Palo Alto, CA is $1,474,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 22. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palo Alto market.
Median List Price $1,474,000
Median Price of New Listings $1,294,000
Per Square Foot $1,118
Average Days on Market 41
Median Days on Market 32
Price Decreased 18%
Price Increased 5%
Relisted 0%
Inventory 22
Median Rent $3,300
Market Action 46
Strong Seller's Market

The market seems to have paused around this plateau. 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
$2,198,000 1,552 0 - 4,500 sqft 2 3 40 0 0 35
$1,749,950 1,556 0 - 4,500 sqft 2 2 40 1 2 28
$1,412,000 1,296 0 - 4,500 sqft 2 2 40 0 1 31
$1,019,000 1,058 0 - 4,500 sqft 2 2 38 1 0 31