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January 8, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Menlo Park, California

Reported by JACK HEFFERNAN BROKER/OWNER, REALTOR-CRS, GRI, SRES

Updated October 18, 2008.

Current Market Rating: 3




1
2
3
4
5
Buyer's

Seller's

Current Price Trend: 3




1
2
3
4
5
Falling

Rising

.

The average price for a home sold in the 1st. qtr.was $1,787,682 with a median price of $1,535,000.The average number of days on the Market was 38 with 55 closed escrows for a total of $98,323,456.M.P. maintains a good steady property value. The difference between "Asking and Selling" prices was minus.33%.

Please call me at 650.759.6400 or e-mail at jackheffernanj@yahoo.com if you have any questions.

ZIP Code: 94025

Approximate Location Boundaries: Menlo Park is a San Francisco Mid Peninsula city bordered by Palo Alto in the south and Atherton in the north. Redwood City is also a boundary of this city.

Location Characteristics: Menlo Park has not only a great climate, but is full of wonderful tree-lined streets and is home to a casual and charming village. It is home to an excellent school system supports a continuing high demand real estate market. Menlo Park residents enjoy beautiful mountain views and close to the prestigious Stanford University. They are also only a short drive away from San Francisco to the north, San Jose to the south and the Pacific Coast to the west. This city is also the birth place of Thomas Edison.
With that said, the real estate market is influenced by numerous factors: including availability, mortgage rates, demand, and overall economy. However, real estate is a long term investment, and has been proven to hold its value over time. My recommendation is to consult with me to assess your situation, and take advantage of the opportunities you might have today.



For More Information:

View Market Conditions of other areas served by JACK HEFFERNAN BROKER/OWNER

Navigate: Top > California > Menlo Park

About JACK HEFFERNAN BROKER/OWNER:


I’m very passionate about what I do! I am a consistent multi million dollar producer approaching one billion dollars in sales over just 18 years. No matter how cliché it sounds, “individual service” is the key to my success! My clients truly know they are getting 110% at all times.

I am a unique realtor who is “hands on” in every aspect of every transaction. No assistants handle any detail of my transactions! My clients know that when they call me they get “me”.

I’m totally dedicated to make you feel that you are my only customer. I treat you in the same manner as my own friends and family.

My strong points are:

Knowledge of the market
Formidable negotiator
Commitment to providing the best service!
Complete client satisfaction
My clients are both buyers and sellers
I thoroughly enjoy being a realtor





These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 5.01%
15 Year Fixed: 4.62%
1 Year Adj: 4.95%
(U.S. Weekly Averages)

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