WEEK IN REVIEW: ACTIVE LISTINGS, PENDING LISTINGS AND SOLD LISTINGS IN PALO ALTO

We had  15 new listings of single family homes coming on the market last week , as oppose to 10 listings the previous week, 13 listings changed status to pending the same number as of  the week before and 10 listings closed escrow as oppose to 7 listings the previous week.

Our inventory remains very low, only 31 listings are active as of today 3/5/2012; demand is higher than supply and most of the listing are still selling with multiple offer situation. A listing on Ortega sold before broker tour and many listings are selling considerably above the asking price.
Please note the deferential in sale price to the list price in sales activity below.


If you are planning to sell your home it is an opportune time to sell.

Following is the detail of the market activity in Palo Alto for last week:

Active 15 Pending 13 Sold 10

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
2791 COWPER STREET 234 Midtown	$1,099,000 3/2/2012	2	1	0	920
627 FULTON STREET 240 Community Center	$1,750,000 3/2/2012	4	2	0	1,932
3799 PARK BOULEVARD 235 Ventura	$1,149,000 3/2/2012	3	3	0	2,236
1440 TASSO STREET 241 Professorville	$1,295,000 3/1/2012	4	2	0	1,460
564 SANTA RITA AVENUE 237 Old Palo Alto	$2,500,000 3/1/2012	3	2	0	1,574
4107 PARK BOULEVARD 233 South Palo Alto	$929,000 3/1/2012	3	2	0	1,161
1290 UNIVERSITY AVENUE 239 Crescent Park	$3,300,000 2/29/2012	4	3	0	3,500
1511 MARIPOSA AVENUE 236 College	$995,000 2/29/2012	2	1	0	1,326
3855 MAGNOLIA DRIVE 232 Barron Park	$2,248,000 2/29/2012	4	3	1	2,701
546 HILBAR LANE 238 Green Gables	$2,249,000 2/29/2012	4	3	1	2,098
2975 RAMONA STREET 234 Midtown	$1,399,000 2/29/2012	4	3	1	2,350
3181 LOUIS ROAD 233 South Palo Alto	$1,298,000 2/28/2012	4	3	0	1,534
405 MIDDLEFIELD ROAD 239 Crescent Park	$1,195,000 2/28/2012	4	2	0	1,943
731 CHRISTINE DRIVE 233 South Palo Alto	$1,595,000 2/28/2012	5	2	1	2,428
2340 SIERRA COURT 238 Green Gables	$1,120,000 7/19/2011	2	1	0	1,119

CLOSED ESCROW THIS WEEK:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1382 FOREST AVENUE 239 Crescent Park	$4,395,000 2/8/2012	$4,400,000 2/17/2012	5	4	1	3,231	2/28/2012
1270 CEDAR STREET 240 Community Center	$2,100,000 2/5/2012	$2,435,000 2/17/2012	4	2	1	2,277	3/1/2012
947 VAN AUKEN CIRCLE 233 South Palo Alto	$949,000 1/29/2012	$1,175,000 2/10/2012	3	1	0	1,080	3/1/2012
529 MAYBELL AVENUE 232 Barron Park	$1,650,000 1/25/2012	$1,580,000 2/19/2012	4	3	0	2,156	2/28/2012
1030 GREENWOOD AVENUE 240 Community Center	$1,999,000 1/21/2012	$2,350,000 2/1/2012	4	3	0	2,087	3/2/2012
1112 HIGH STREET 241 Professorville	$2,295,000 1/2/2012	$2,250,000 2/14/2012	4	3	0	2,207	2/28/2012
3395 LOUIS ROAD 233 South Palo Alto	$1,199,000 11/28/2011	$1,199,000 1/11/2012	4	2	0	1,659	2/29/2012
2105 EMERSON STREET 237 Old Palo Alto	$1,845,000 11/16/2011	$1,765,079 2/3/2012	3	2	0	1,744	3/2/2012
264 CHANNING AVENUE 242 Downtown Palo Alto	$1,699,000 11/9/2011	$1,550,000 1/13/2012	3	3	0	1,968	3/1/2012
4060 MANZANA LANE 232 Barron Park	$4,250,000 9/6/2011	$4,015,000 1/18/2012	6	5	1	6,853	2/27/2012

PENDING LISTINGS FOR THIS WEEK:

Address Area List Price List Date  Sale Price Con. Date BR FBA PBA SqFt Close Date 3730 ORTEGA COURT 233 South Palo Alto $1,998,000 2/29/2012 N/A 3/2/2012 4 2 1 2,736 3/6/2012 890 NEWELL ROAD 239 Crescent Park $1,395,000 2/23/2012 N/A 2/29/2012 3 2 0 1,930 3/15/2012 2021 NEWELL ROAD 238 Green Gables $2,698,000 2/23/2012 N/A 3/1/2012 5 3 0 3,240 3/16/2012 1326 EMERSON STREET 237 Old Palo Alto $3,495,000 2/23/2012 N/A 2/29/2012 5 3 1 3,509 3/21/2012 717 MAPLEWOOD AVENUE 233 South Palo Alto $1,060,000 2/23/2012 N/A 2/27/2012 3 2 0 1,144 3/2/2012 350 OXFORD AVENUE 236 College $2,600,000 2/22/2012 N/A 3/1/2012 4 3 1 2,753 4/17/2012 4105 PARK BOULEVARD 233 South Palo Alto $950,000 2/21/2012 N/A 3/2/2012 3 2 0 1,448 4/2/2012 530 IRVEN COURT 232 Barron Park $1,598,000 2/20/2012 N/A 3/2/2012 5 4 1 3,624 3/30/2012 1028 PARADISE WAY 232 Barron Park $1,595,000 2/17/2012 N/A 2/29/2012 4 2 1 1,918 3/21/2012 895 ALLARDICE WAY 243 Stanford $1,538,000 2/1/2012 N/A 2/28/2012 3 3 0 1,867 3/28/2012 1545 ALMA STREET 237 Old Palo Alto $1,399,000 1/24/2012 N/A 2/29/2012 2 2 1 1,782 3/29/2012 363 HAWTHORNE AVENUE 242 Downtown Palo Alto $1,299,000 11/8/2011 N/A 2/28/2012 2 2 1 1,285 3/23/2012 800 SOUTH CALIFORNIA AVENUE 236 College $2,598,000 8/18/2011 N/A 3/3/2012 5 3 0 2,473 3/30/2012