As expected this week activity was slow because of the Thanksgiving Holiday, we had no new listings in Palo Alto last week, but 4 properties had a change of status from active to pending. Two houses sold in 6 days: 2051 Emerson Street and 3385 Coark Oak Way.
Following are the listings that sold last week:
6 houses closed escrow last week in Palo Alto:
The house on 1190 Hamilton Avenue in Crescent Park was listed on 9/22/11 for $2,380,000 ; it was on the market for over a month and did not sell. The price was reduced to $2,100,000 and at that time received 6 offers and end-up selling for $2,375,000 and closed escrow in 2 weeks.
The market is strong and very active for this time of the year. If you are planning to buy a house soon, it is an opportune time to buy if you find the right house.
I am aware of private listings that will be coming on the market after the Holiday Season.
Please contact me if you need further information.