What a fantastic second quarter I’ve had! After representing three
successful buyers in Q1, the next quarter I listed and sold three great
Menlo Park homes:
Central Menlo
1255 Santa Cruz
Avenue, Menlo Park, a new 4bed/3.5bath, 2700 sf single level home. We
were on the market only 15 days when we received a great offer. I felt
our listing price was at the top of the market range at $2,390,000, but
we sold the home at $2,300,000.
The Willows
116
Blackburn Avenue, Menlo Park, a 3bed/1bath, 1170 sf home with separate
studio including a full bath. We came on the market Memorial weekend and
sold 12 days later with four offers. I felt our listing price of
$1,150,000 was right on the mark but we sold it for well over the list
price.
Linfield Oaks
360 Linfield Drive, Menlo Park, a
3bed/1.5bath, 1718 sf home with a remodeled kitchen, new windows and
new recessed lighting. Again we were only on the market 12 days and sold
with four offers. We listed the property at $1,695,000 hoping to
attract several buyers and that is exactly what we did! This home too
ended up selling for over list price.
As we head into summer, we
generally see a slow down in the market and not much of an increase in
inventory. Many buyers become tired and will hold back on making offers.
If you’re in the market to buy a house I would continue to keep on it-
interest rates are creeping up slowly and buying sooner rather than
later could save you money in your mortgage payments.
