Deirdre Sauvage
Ca. DRE # 00847381
dsauvage@apr.com
The 2011 real estate market ended on a strong note for Silicon Valley with multiple cities posting strong sales volume and low levels of inventory as reported by Trendgraphix as of December 31, 2011 (based upon closed sales):
Palo Alto: 1 month
Menlo Park: .9 months
Portola Valley: 2.5 months
Redwood City: 1.8 months
San Carlos: 2.4 months
The Mid-Peninsula has been strongly impacted by the dramatic growth in local social media companies. The big “elephant in the room” is going to be the effect Facebook’s expected IPO and continued growth will have on our market.
As we enter February, we continue to see a mixture of strong demand and low inventory levels. My next post will cover Months Supply of Inventory Data for February as reported by Trendgraphix.
sfpenrealtor Deirdre Sauvage has been a realtor on the San Francisco Peninsula since 1988. She has helped hundreds of clients with the purchase and sale of their home. Deirdre brings a "high touch" approach to her services and has an extensive network of service providers who can assist with logistics.
