End of Year Market

As the year begins to wind down and we move into the winter holidays, the real estate market typically slows down as well, with fewer number of new listings and sales happening. Price reductions are more common, and sometimes listings are pulled off the market temporarily - with plans to relist in the new year when the market regains momentum.

For buyers, the coming months can offer substantial opportunities in the form of reduced competition, fewer multiple offers, less overbidding, more room to negotiate, and often better deals. This is an excellent time for buyers to take a second look at properties that haven't sold and to make aggressive offers.

For sellers, the busy Spring market is quickly approaching. If you are thinking of selling in 2022, now is the time to start preparing. A few key improvements can go a long way with buyers - and deliver a great return on your investment. Contact us for guidance from our team and to tap into our network of trusted local contractors.

Contrary to popular opinion, inventory was the highest it has been in years. Unprecedented demand has driven up prices and shortened days on market. We are still overbidding on homes, but not quite like in years past.

FEATURED PROPERTIES AND RECENT SALES

PENDING - 350 Manzanita Avenue

Southgate Palo Alto

4 Bed | 2.5 Bath | $3,995,000

PENDING - 740 Olive Street

West Menlo Park

4 Bed | 3 Bath | $4,200,000

PENDING - 1776 Channing Avenue (represented buyer)

Green Gables Palo Alto

3 Bed | 2 Bath | $3,000,000

PENDING - 919 Mears Court

(represented buyer)

Stanford

4 Bed | 3 Bath | $2,498,000

JUST SOLD - 2323 Summit Drive

Hillsborough

5 Bed | 4 Bath | $4,800,000

JUST SOLD - 2312 Crest Lane

Sharon Heights

3 Bed | 2 Bath | $4,100,00

JUST SOLD - 631 College Avenue

Allied Arts-Downtown Menlo Park

7 Bed | 7 Bath | $6,800,000

JUST SOLD - 95 Sutherland Drive

Atherton

1 acre lot | $6,200,000

JUST SOLD - 67 Lyell Street

New Construction

Downtown Los Altos

6 Bed | 5.5 Bath | $5,700,000

JUST SOLD - 77 Lyell Street

New Construction

Downtown Los Altos

6 Bed | 5.5 Bath | $5,600,000

LISTED - 21 Willow Rd, Unit 37

Downtown Menlo Park

3 Bed | 2 Bath | $1,295,000

JUST SOLD - 555 Byron Street, # 102

Downtown Palo Alto

2 Bed | 2 Bath | $1,195,000

COMING SOON!

Willows Menlo Park &

Prime downtown

Palo Alto

WHAT'S HAPPENING AROUND THE BAY

The Guild Theater

Opening January | Menlo Park

The Guild Theatre is a not-for-profit music and event performance space bringing live music and entertainment to the Peninsula region. Currently under construction, the venue will hold 500+ patrons and host a wide range of music, film, and special events programming.

A wide range of original artists and musical styles are planned to be featured, in addition to

dramatic performances, lectures, discussions, and meetings of all sorts.

Ticket and hiring information can be found here.

Holiday Events Around the Bay Area

Now Through January, 2022

The Mercury News has compiled a list of more than 50 events and shows throughout the Bay Area which are bound to delight the young to the young-at-heart. For more detailed information read the full Mercury News article here.

Monica Corman & Mandy Montoya

DRE# 01111473 | DRE# 01911643
M: 650.465.5971 | 650.823.8212

monicaandmandy@compass.com

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.