The Q4 2022 Menlo Park Real Estate Market Review
MILANA REAL ESTATE GROUP
Jan 24, 2023
Hey, I’m Milana Ostroy, the best real estate agent in the Bay Area real estate market, who updates you on the Q4 2022 Menlo Park market and the review of the Menlo Park real estate market. If you’re interested in selling or buying homes in this neighborhood, let me tell you about the real estate market, what it’s been doing, and where it’s headed for San Mateo County sales in Q4 2022. Let’s watch the Menlo Park real estate market review. Learn more http://www.milanaostroy.com/
In this video, you know that the real estate market in San Mateo County, California in the 4th quarter of 2022 demonstrated a normal seasonal trend, at the beginning of the year. This is typical during the holiday season as prices become more negotiable and it takes longer for homes to sell.
However, the underlying reason for the market’s sustainability is the reduction in inventory. Total sales in San Mateo County in 2021 were over 5,500 while in 2022 there were only 4,000 sales. Even though the media tries to convince us of a market crash coming, the stats show that the average price year over year lacks any significant change, meaning both appreciations isn’t significant and the market definitely isn’t crashing.
In Menlo Park, inventory has been slashed in half compared to the third quarter of 2022. The average sale price only fell by $200,000 to $3.365 million in the fourth quarter of 2022. The sales-to-list price ratio also decreased from 105 to 99 since last year, showing that the market is still strong and not crashing.
Menlo Park is one of the top total sales volume cities on the San Mateo County Peninsula with an annual total of over a billion dollars. However, the number of homes sold in 2022 is a lot compared to other Peninsula cities but it’s nothing compared to the 488 homes that sold in 2021. Menlo Park was a testament to the steadiness of the luxury real estate market despite the gloom and doom that the media describes our local luxury Market.
Menlo Park condos had a history of sticking steadily in market shifts and Q4 2022 was no different compared to last quarter. The average sold price only decreased by $100,000 to $1.5 million. In line with the general Trends, the number of transactions declined significantly while the days on market almost doubled to 33 days.
2023 is expected to be a favorable year for home buyers and investors to negotiate better deals due to low inventory in California, which is expected to drive prices up. Both individual and large investors are expected to be active in the housing market.
The second 14:34 video:
San Jose Market Watch | will home prices drop in 2023? | #rewtf of the week. ๐ฆ ๐ โ๏ธ
Silicon Valley Living
Streamed live 15 hours ago
Weekly review of the Real Estate Market- 60 Second Snap Shot and what I think is happening. when will the housing market crash again? will home prices drop in 2023
The third 13:42 video:
Home Ownership Becoming A Nightmare In Brampton, Mississauga & Durham Real Estate – Jan 18
Team Sessa Real Estate
Jan 25, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Jan 12 – Jan 18, 2023.
Milana Ostroy says: “…rates will come down this year…”
If you have been riding Jerome Powell’s pony then you haven’t been paying attention to his pillow talk.
Redfin Slump Worsens as Housing-Market Risks Weigh on Stock
Jacinda Ardern, New Zealandโs outgoing prime minister, has said leading the country was โthe greatest privilege of my lifeโ. She leaves office today having led New Zealand through its response to the worst terrorist attack in its history and the Covid pandemic.
As the Guardianโs Tess McClure in Auckland tells Michael Safi, global adulation for Ardern, particularly in progressive circles, has made her an unlikely celebrity politician. But in New Zealand her legacy is more complex. The country โ like much of the world โ is in the grip of soaring inflation, and its housing is among the most expensive in the world.
Ardern cited no longer having โenough in the tankโ to continue as prime minister, but her poll ratings in recent months had dipped and, in an election year, her Labour party is projected to lose its governing majority.
Renasant Bank cuts mortgage division by 30%
National Mortgage News|13 hours ago
“I don’t think it’s a surprise or a secret that mortgage is still volatile,” said Mitchell Waycaster, CEO of Renasant, during the company’s fourth quarter earnings call.
From the first 3:45 video:
The Q4 2022 Menlo Park Real Estate Market Review
MILANA REAL ESTATE GROUP
Jan 24, 2023
Hey, I’m Milana Ostroy, the best real estate agent in the Bay Area real estate market, who updates you on the Q4 2022 Menlo Park market and the review of the Menlo Park real estate market. If you’re interested in selling or buying homes in this neighborhood, let me tell you about the real estate market, what it’s been doing, and where it’s headed for San Mateo County sales in Q4 2022. Let’s watch the Menlo Park real estate market review. Learn more http://www.milanaostroy.com/
In this video, you know that the real estate market in San Mateo County, California in the 4th quarter of 2022 demonstrated a normal seasonal trend, at the beginning of the year. This is typical during the holiday season as prices become more negotiable and it takes longer for homes to sell.
However, the underlying reason for the market’s sustainability is the reduction in inventory. Total sales in San Mateo County in 2021 were over 5,500 while in 2022 there were only 4,000 sales. Even though the media tries to convince us of a market crash coming, the stats show that the average price year over year lacks any significant change, meaning both appreciations isn’t significant and the market definitely isn’t crashing.
In Menlo Park, inventory has been slashed in half compared to the third quarter of 2022. The average sale price only fell by $200,000 to $3.365 million in the fourth quarter of 2022. The sales-to-list price ratio also decreased from 105 to 99 since last year, showing that the market is still strong and not crashing.
Menlo Park is one of the top total sales volume cities on the San Mateo County Peninsula with an annual total of over a billion dollars. However, the number of homes sold in 2022 is a lot compared to other Peninsula cities but it’s nothing compared to the 488 homes that sold in 2021. Menlo Park was a testament to the steadiness of the luxury real estate market despite the gloom and doom that the media describes our local luxury Market.
Menlo Park condos had a history of sticking steadily in market shifts and Q4 2022 was no different compared to last quarter. The average sold price only decreased by $100,000 to $1.5 million. In line with the general Trends, the number of transactions declined significantly while the days on market almost doubled to 33 days.
2023 is expected to be a favorable year for home buyers and investors to negotiate better deals due to low inventory in California, which is expected to drive prices up. Both individual and large investors are expected to be active in the housing market.
The second 14:34 video:
San Jose Market Watch | will home prices drop in 2023? | #rewtf of the week. ๐ฆ ๐ โ๏ธ
Silicon Valley Living
Streamed live 15 hours ago
Weekly review of the Real Estate Market- 60 Second Snap Shot and what I think is happening. when will the housing market crash again? will home prices drop in 2023
The third 13:42 video:
Home Ownership Becoming A Nightmare In Brampton, Mississauga & Durham Real Estate – Jan 18
Team Sessa Real Estate
Jan 25, 2023
Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate Market Report for the week of Jan 12 – Jan 18, 2023.
Milana Ostroy says: “…rates will come down this year…”
If you have been riding Jerome Powell’s pony then you haven’t been paying attention to his pillow talk.
Redfin Slump Worsens as Housing-Market Risks Weigh on Stock
https://finance.yahoo.com/news/redfin-slump-worsens-housing-market-173103317.html
Jacinda Ardern, New Zealandโs outgoing prime minister, has said leading the country was โthe greatest privilege of my lifeโ. She leaves office today having led New Zealand through its response to the worst terrorist attack in its history and the Covid pandemic.
As the Guardianโs Tess McClure in Auckland tells Michael Safi, global adulation for Ardern, particularly in progressive circles, has made her an unlikely celebrity politician. But in New Zealand her legacy is more complex. The country โ like much of the world โ is in the grip of soaring inflation, and its housing is among the most expensive in the world.
Ardern cited no longer having โenough in the tankโ to continue as prime minister, but her poll ratings in recent months had dipped and, in an election year, her Labour party is projected to lose its governing majority.
https://www.theguardian.com/news/audio/2023/jan/25/what-was-behind-jacinda-ardern-mania-and-why-did-it-end-so-suddenly-podcast
โthe greatest privilege of my lifeโ
I’m just so tired of being privilaged!
Renasant Bank cuts mortgage division by 30%
National Mortgage News|13 hours ago
“I don’t think it’s a surprise or a secret that mortgage is still volatile,” said Mitchell Waycaster, CEO of Renasant, during the company’s fourth quarter earnings call.
๐๐ถ๐๐ถ๐ป๐ด๐๐๐ผ๐ป, ๐ ๐ง ๐๐ผ๐๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐๐ฟ๐ฎ๐๐ฒ๐ฟ ๐ฎ๐ฒ% ๐ฌ๐ข๐ฌ ๐๐ ๐๐ผ๐ฟ๐ฒ๐ฐ๐น๐ผ๐๐๐ฟ๐ฒ๐ ๐๐ป๐ฑ ๐๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐ ๐ฆ๐ธ๐๐ฟ๐ผ๐ฐ๐ธ๐ฒ๐๐ ๐๐ฐ๐ฟ๐ผ๐๐ ๐ ๐ผ๐ป๐๐ฎ๐ป๐ฎ
https://www.movoto.com/livingston-mt/market-trends/
๐๐ด ๐ฐ๐ฏ๐ฆ ๐ณ๐ฆ๐ข๐ญ ๐ฆ๐ด๐ต๐ข๐ต๐ฆ ๐ฆ๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ด๐ต ๐ฆ๐น๐ฑ๐ญ๐ข๐ช๐ฏ๐ฆ๐ฅ, โ68% ๐ฐ๐ง ๐ข๐ญ๐ญ ๐ฃ๐ฐ๐ณ๐ณ๐ฐ๐ธ๐ฆ๐ณ๐ด ๐ฐ๐ธ๐ฆ ๐ฎ๐ฐ๐ณ๐ฆ ๐ต๐ฉ๐ข๐ฏ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฉ๐ฐ๐ถ๐ด๐ฆ ๐ช๐ด ๐ธ๐ฐ๐ณ๐ต๐ฉ.โ