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

The listing inventory in Palo Alto continues to be at a historic low; the market remains a seller market 


Buyers are facing multiple offers on  prime listings that are price below the fair market value. As you can see below, 9 listings sold above the asking out of 12 listings .


12 new listings of single family homes were listed on the MLS last week as oppose to 8 the week before. 7 listings changed status to pending as oppose to 14 the week before and 10 listings closed escrow as oppose to 8 listings the previous week.

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


Please contact me for a free market analysis to your home and to help you achieve your goals quickly and stress free .

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

Active	12
Pending	7
Sold	10

ACTIVE LISTINGS FOR LAST WEEK:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
641 EAST MEADOW DRIVE 234 Midtown	$1,150,000 3/23/2012	3	2	0	1,425
1159 Lincoln AVENUE 239 Crescent Park	$3,250,000 3/22/2012	6	3	1	3,750
1131 PARKINSON AVENUE 240 Community Center	$1,990,000 3/21/2012	4	2	0	1,965
831 HOMER AVENUE 240 Community Center	$3,395,000 3/21/2012	4	3	1	2,777
833 RICHARDSON COURT 233 South Palo Alto	$1,395,000 3/21/2012	4	2	0	1,789
3633 SOUTH COURT 233 South Palo Alto	$1,375,000 3/21/2012	4	2	0	1,639
1321 HARKER AVENUE 240 Community Center	$5,398,000 3/21/2012	5	4	1	5,384
470 HALE STREET 239 Crescent Park	$3,899,000 3/21/2012	3	3	1	3,620
3180 COWPER STREET 234 Midtown	$2,998,000 3/20/2012	7	4	0	3,398
1242 GREENWOOD AVENUE 240 Community Center	$1,890,000 3/20/2012	4	2	0	2,046
4240 WILKIE WAY 233 South Palo Alto	$1,798,000 3/19/2012	3	3	1	2,106
315 MELVILLE AVENUE 241 Professorville	$2,398,000 3/19/2012	5	3	0	2,658

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
838 COWPER STREET 242 Downtown Palo Alto	$1,250,000 3/14/2012	N/A 3/23/2012	3	1	0	1,172	4/30/2012
370 DULUTH CIRCLE 233 South Palo Alto	$2,399,000 3/14/2012	N/A 3/22/2012	4	3	1	3,093	4/20/2012
3409 KENNETH DRIVE 233 South Palo Alto	$1,100,000 3/14/2012	N/A 3/23/2012	4	2	0	1,674	4/17/2012
220 EL VERANO AVENUE 234 Midtown	$1,090,000 3/14/2012	N/A 3/25/2012	3	2	0	1,255	4/25/2012
463 NORTH CALIFORNIA AVENUE 237 Old Palo Alto	$1,895,000 3/13/2012	N/A 3/21/2012	3	2	0	1,771	3/28/2012
4141 CAMPANA DRIVE 232 Barron Park	$1,895,000 3/12/2012	N/A 3/21/2012	4	2	0	2,313	4/11/2012
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

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2791 COWPER STREET 234 Midtown	$1,099,000 3/2/2012	$1,179,750 3/7/2012	2	1	0	920	3/23/2012
1326 EMERSON STREET 237 Old Palo Alto	$3,495,000 2/23/2012	$3,860,000 2/29/2012	5	3	1	3,509	3/21/2012
3453 ASHTON COURT 234 Midtown	$1,828,000 2/15/2012	$1,900,000 2/23/2012	4	2	1	2,250	3/19/2012
742 LOMA VERDE AVENUE 233 South Palo Alto	$1,495,000 2/15/2012	$1,705,000 2/23/2012	4	2	1	2,008	3/23/2012
2350 CARMEL DRIVE 238 Green Gables	$1,299,000 2/14/2012	$1,600,000 2/24/2012	4	2	0	1,623	3/22/2012
622 LOMA VERDE AVENUE 234 Midtown	$1,499,000 2/9/2012	$1,633,130 2/24/2012	3	2	1	2,197	3/23/2012
3610 RAMONA CIRCLE 233 South Palo Alto	$1,295,000 2/8/2012	$1,457,000 2/16/2012	3	2	0	2,235	3/23/2012
3901 LAGUNA AVENUE 232 Barron Park	$2,199,000 2/2/2012	$2,200,000 2/16/2012	4	3	0	2,277	3/21/2012
1003 CATHCART WAY 243 Stanford	$1,395,000 1/28/2012	$1,375,000 2/14/2012	3	2	0	1,883	3/20/2012
363 HAWTHORNE AVENUE 242 Downtown Palo Alto	$1,299,000 11/8/2011	$1,100,000 2/28/2012	2	2	1	1,285	3/23/2012