Prices Dropped Most Everywhere Except California

Prices Dropped!

Now let's dig into the data! As we expected, the Case-Shiller index of real estate prices published data about March home prices showing a decline across all of our markets except for Seattle, Boston and most of California.

Location                  Month over        Change
                              Month Change   from Max

Phoenix Area                 -0.5%            -51.8%   
LA Area                        -0.7%            -37.7% 
San Diego Area               1.5%            -36.0%   
Bay Area                         1.5%            -37.4%
DC Area                        -0.7%            -30.2%
Atlanta Area                   -1.8%            -24.0%
Chicago Area                 -2.3%            -29.0%
Boston Area                     0.0%            -17.0%
New York Area              -0.7%            -21.5%
Portland Area                 -0.1%            -23.0%
Seattle Area                     0.1%            -25.3%
20 City  Index                 -0.5%            -30.6%

The U.S. market has now lost seven years of appreciation, with homes selling for the same prices as in July 2003. The eye-popper here is that the Phoenix market has lost 52% of its value from the peak, and still builders are finding new aquifers and paving new developments. Crazy. Nation-wide, housing starts for single-family homes increased 10.2% in April, so many developers now believe prices have stabilized.

House of the Week

Best West Menlo -- Bay Laurel

West Menlo's most sought after street!
Exceptional 4 bd/3.5ba ONE level home -- rebuilt 9 years ago.
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For more information, or to view other quality homes, please call



Barbara Slaton, Realtor®
DRE#01855977
Alain Pinel Realtors
1550 El Camino Real
Menlo Park, California 94025


(650) 543-1215 DIRECT
(650) 888-6628 CELL
(650) 462-1199 FAX

Just Joey -- My Favorite Rose

The Roses are spectactular this year, perhaps due to all the rainfall.

My favorite rose of all, Just Joey, is going nuts and producing blooms as fast as I can cut them. This rose is fragrant and absolutely lovely!

They are available right now at Roger Reynold's Nursey in Atherton and Wegman's Nursery in Redwood City.

Multiple, Multiple Offers!

Offers, Offers, and more Offers...

1. 97 Stevenson, Atherton listed $5,999,000 had 3 offers

2. 506 Edgecliff Way, Redwood City listed $899,000 had 14 offers

3. 717 Oregon, Palo Alto listed $998,000 had 3 offers

4. 740 Layne Ct, Palo Alto listed $888,000 had 7 offers

5. 191 Lyndhurst, San Carlos listed $1,298,000 had 3 offers

6. 323 Santa Rita, Palo Alto listed $3,875,000 had 2 offers

House of the Week

New on Brokers Tour today --
420 Sherwood Way, Menlo Park

Tastefully remodeled suburban ranch house in desirable Linfield Oaks neighborhood.
2,400 Square Feet of living space with plantation shutters, top-end appliances, recessed lighting and more.




For a tour of this home, or to view other quality homes,
please call –

Barbara Slaton, Realtor®
DRE#01855977
Alain Pinel Realtors
1550 El Camino Real
Menlo Park, California 94025

(650) 543-1215 Direct
(650) 888-6628 Cell
(650) 462-1199 Fax