Market Update – January 20, 2017

No new Eichlers on the market this week.  However, there are signs that the market is beginning a slow awakening from the winter hibernation.  Last week on the Friday tour (Mountain View, Los Altos, Palo Alto) there were 22 new listings. This week there are 29 new listings.  I believe the endless rain, Trump inauguration, and rising interest rates may be playing into another slow week.  After all, who wants to be hosting a Broker Tour or Open House in a torrential downpour?  Several very attractive tear-down lots have also come on in Palo Alto so will be very interesting to see where those go.

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SOLD: 3759 Redwood Cir, Palo Alto 94306

3759 Redwood Cir — $2,450,000.  Sold for $2450K, COE 3/24/17 – 3 bedrooms, 2 bathrooms – 1588sf living space on a 6026sf lot – Continuous wall of glass (including a solarium wall), Clerestory windows, Numerous energy saving features. Mark’s Preview Notes: Request a Showing to See This Eichler MLS Photos: Listed 1/11/17 (Jackie Schoelerman of Coldwell Banker represents the Seller)

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SOLD: 928 Trophy Dr, Mountain View 94040

928 Trophy Dr — $2,148,000.  Sold for $2200K, COE 3/6/17 – 4 bedrooms, 2 bathrooms – 2030sf living space on a 6000sf lot – Dramatic contemporary Eichler, Architecturally unique floor plan, Chef’s kitchen with new Miele appliances. Mark’s Preview Notes: Nice tile floors look like slate, and the kitchen was remodeled in good taste.  This has become an unbelievably convenient […]

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