WEEK IN REVIEW: NEW LISTINGS, PENDING LISTINGS,SOLD LISTINGS IN PALO ALTO

We had more single family homes coming on the market last week  with 9 listings the past  week as oppose to 6 the week before and 8 listings changed status to pending as oppose to 6 the week before.

Our inventory remains very low, demands are higher than supply and almost every listing is selling with multiple offers situation.

If you are thinking about selling your home it is a great time to sell.
Following is the detail of the market activity in Palo Alto for last week:

Active 9 Canceled 2 Pending 8 Sold 3

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
622 LOMA VERDE AVENUE 234 Midtown	$1,499,000 2/9/2012	3	2	1	2,197
3610 RAMONA CIRCLE 233 South Palo Alto	$1,295,000 2/8/2012	3	2	0	2,235
1382 FOREST AVENUE 239 Crescent Park	$4,395,000 2/8/2012	5	4	1	3,231
1433 ALMA STREET 237 Old Palo Alto	$995,000 2/7/2012	2	1	0	960
711 MAYVIEW AVENUE 233 South Palo Alto	$1,950,000 2/7/2012	5	3	1	2,795
742 MELVILLE AVENUE 240 Community Center	$4,295,000 2/6/2012	4	3	1	4,200
118 CHURCHILL AVENUE 237 Old Palo Alto	$2,250,000 2/6/2012	6	5	0	3,008
663 GEORGIA AVENUE 231 Green Acres	$1,195,000 2/6/2012	3	2	0	1,732
1270 CEDAR STREET 240 Community Center	$2,100,000 2/5/2012	4	2	1	2,277

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
2365 EMERSON STREET 237 Old Palo Alto	$1,199,000 2/1/2012	N/A 2/8/2012	2	2	1,359	3/9/2012
2587 EMERSON STREET 234 Midtown	$1,800,000 2/1/2012	N/A 2/9/2012	4	3	2,622	2/21/2012
900 NORTH CALIFORNIA AVENUE 238 Green Gables	$3,595,000 1/30/2012	N/A 2/8/2012	8	5	3,617	2/13/2012
947 VAN AUKEN CIRCLE 233 South Palo Alto	$949,000 1/29/2012	N/A 2/10/2012	3	1	1,080	2/24/2012
3188 STELLING DRIVE 233 South Palo Alto	$1,175,000 1/25/2012	N/A 2/3/2012	3	2	1,280	2/21/2012
3245 BRYANT STREET 234 Midtown	$1,798,000 1/25/2012	N/A 2/8/2012	5	3	2,325	3/8/2012
1135 WEBSTER STREET 241 Professorville	$1,350,000 1/19/2012	N/A 1/19/2012	2	1	952	3/1/2012
602 CHIMALUS DRIVE 232 Barron Park	$1,689,000 8/12/2011	N/A 1/18/2012	4	3	2,090	3/1/2012

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
2340 DARTMOUTH STREET 236 College	$2,795,000 1/19/2012	$2,850,000 1/26/2012	6	4	3,926	2/2/2012
976 ELSINORE DRIVE 238 Green Gables	$1,298,000 11/30/2011	$1,498,000 12/8/2011	4	2	1,636	1/18/2012
927 MEARS COURT 243 Stanford	$1,748,000 10/13/2011	$1,700,000 12/4/2011	5	3	2,995	2/7/2012