Arn Cenedella's (arncenedella) Blog

Here is a review of the Willows neighborhood of Menlo Park, California residential real estate market in 2008: Median price increased to $1,212,250 in 2008 from $1,119,500 in 2007 - an 8.3% increase. Average price increased to $1,211,030 in 2008 from $1,182,940 in 2007 - an 2.4% increase. The num...

56 condominiums in San Carlos, Californnia sold in 2008. Average list price was $624,412 and average sales price was $609,113. This represents a 97.55% sales price to list price ratio. Average sales price per square foot was $484. Average days on market - list to contract date was 65 days. Here i...

The project at 1001 Laurel San Carlos is nearing completion. 90 residential units plus retail space plus fitness center and interior courtyard. Underground parking. Units will range from 1 bedroom 1 bath to 3 bedroom 3 bath. 4 story building. The burning question I have is what will the pricing b...

There were two new beautiful condominium listings in downtown Palo Alto. Downtown Palo Alto is a highly sought after location. University Avenue and all its shops, stores, and restaurants are within a few minutes walk from these two listings. 800 High St. $407, Palo Alto is listed by Nicklas Gran...

There were several very interesting properties on tour today in the Allied Arts neighborhood of Menlo Park. Allied Arts is a very charming neighborhood located just north of Stanford and within wlaking distance to downtown Menlo Park and Palo Alto - not to mention that landmark - the OASIS! 723 P...

We are all aware of the GREAT mortgage interest rates available at the present time. 30 year fixed rate loans right at 5% are widely available. Not suprisingly, lenders are currently swamped with applications. If you are thinking of taking advantage of the buying opportunities that will be availa...

What have median prices and median prices per square foot done in Palo Alto over the past 4 years? The median price home in Palo Alto is currently $1.7M and the median price per square foot is about $860/sf. In January 2005, the same numbers were $1.75M and $880/sf. Can this be true? Or does it s...

2008 was generally a slow year for real estate on the San Francisco Peninsula. In the desirable residential communities, prices were flat to slightly declining and number of sales was typically down about 25%. But did things change for the worse after the October collapse of the stock market? The...

Here is a review of the Palo Alto, California residential real estate market in 2008: Median price decreased to $1,550,000 in 2008 from $1,552,100 in 2007 - a 0.1% decrease. Average price increased to $1,760,930 in 2008 from $1,870,640 in 2007 - a 5.9% decrease. The number of sales decreased to 3...

Here is a review of the Menlo Park, California residential real estate market in 2008: Median price increased to $1,392,500 in 2008 from $1,295,000 in 2007 - a 7.5% increase. Average price increased to $1,555,810 in 2008 from $1,455,860 in 2007 - a 6.9% increase. The number of sales decreased to ...