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Portola Valley Market Update

October 11 2018
October 11 2018
By

It's all good news for Portola Valley homeowners, especially those who are thinking of selling.

Median home prices are at an all-time high. Sales are strong and inventory is low. Properties are still receiving multiple offers across most price ranges.

I don't think we can expect to see any of that change in the next few months due to low inventory and strong demand, even with interest rate increases.

National Association of Realtors' Chief Economist Lawrence Yun says that the negative impact of rising interest rates is moderated by the positive impact of job creation, likely resulting in a steady real estate market, with small price increases and a healthy, slower appreciation.

The bottom line is that demand for homes is still high. Whether you are considering selling this fall or want to start preparing your home for the spring market, we can advise you about the changes that will maximize the return on your investment.

Cowperthwaite & Co specializes in Portola Valley properties. We know how to prepare, market and network to find qualified buyers and deliver the superior results our clients have come to expect.

As a leader in this market, we are pleased to have been...

In 2017*

#1 Sales Price to List Price Ratio (104%)

#2 Listing Agent

In 2018*

#1 Listing Agent

#2 Sales Price to List Ratio (100%)

Contact us for a complimentary market evaluation to see how much your home is worth today.

* Among agents with Multiple Properties sold in Portola Valley. Data per MLSListing.com as of August 20, 2018. 2018 Portola Valley Median Homes data as of August 20, 2018.

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