WEEK IN REVIEW: ACTIVE NEW LISTINGS, PENDING LISTINGS AND CLOSED LISTINGS IN PALO ALTO

The  listing inventory remains low with only 17 new listings of single family homes coming on the market this week in Palo Alto as oppose to 25 new listings the week before ;  the total active listings of single family homes on the MLS  is 44 this week as oppose to 48 the week before. 


the market remains a seller market.  21 listings changed status to pending as oppose to 16 listings last week and 9 closed escrow as oppose to 13 the previous week.

Please note that all  listings sold significantly above asking price but one listing.

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 17 Pending 21 Sold 9

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
2051 WAVERLEY STREET 237 Old Palo Alto	$11,495,000 5/4/2012	5	4	0	2,651
863 WARREN WAY 233 South Palo Alto	$1,495,000 5/3/2012	3	2	0	1,868
3895 LA DONNA AVENUE 232 Barron Park	$1,150,000 5/3/2012	3	2	0	1,726
802 BRUCE DRIVE 233 South Palo Alto	$1,695,000 5/3/2012	5	3	0	2,502
4174 OAK HILL AVENUE 230 Palo Alto Hills	$2,698,000 5/3/2012	4	2	1	2,248
1515 CHANNING AVENUE 238 Green Gables	$1,995,000 5/3/2012	3	2	0	2,002
1290 UNIVERSITY AVENUE 239 Crescent Park	$2,995,000 5/2/2012	4	3	0	3,500
646 FOREST AVENUE #B 242 Downtown Palo Alto	$1,798,000 5/2/2012	3	2	1	1,633
886 CHIMALUS DRIVE 232 Barron Park	$2,600,000 5/2/2012	4	3	1	2,896
249 LOWELL AVENUE 237 Old Palo Alto	$5,100,000 5/2/2012	4	3	1	4,015
539 JEFFERSON DRIVE 238 Green Gables	$2,195,000 5/2/2012	5	4	0	3,311
219 MATADERO AVENUE 235 Ventura	$1,749,000 5/2/2012	4	3	0	2,350
3424 COWPER COURT 234 Midtown	$2,890,000 5/1/2012	6	5	1	3,853
1820 BRYANT STREET 237 Old Palo Alto	$3,995,000 5/1/2012	5	4	1	3,487
524 CHIMALUS DRIVE 232 Barron Park	$2,798,000 5/1/2012	5	4	1	3,883
2040 AMHERST STREET 236 College	$1,199,000 4/30/2012	2	1	0	1,167
3855 MAGNOLIA DRIVE 232 Barron Park	$2,299,000 2/29/2012	4	3	1	2,701

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1920 BYRON STREET 237 Old Palo Alto	$5,098,000 5/3/2012	N/A 5/6/2012	6	5	1	4,500	5/18/2012
731 LINCOLN AVENUE 240 Community Center	$1,329,000 4/26/2012	N/A 5/3/2012	2	2	1	1,050	5/17/2012
3196 KIPLING STREET 234 Midtown	$1,498,000 4/26/2012	N/A 5/4/2012	4	2	0	1,601	5/16/2012
1514 WALNUT DRIVE 238 Green Gables	$1,395,000 4/26/2012	N/A 5/4/2012	3	2	0	1,394	5/24/2012
4075 CAMPANA DRIVE 232 Barron Park	$1,200,000 4/26/2012	N/A 5/3/2012	3	1	1	1,234	5/17/2012
3395 LOUIS ROAD 233 South Palo Alto	$1,495,000 4/26/2012	N/A 5/4/2012	4	2	0	1,659	5/18/2012
1856 MARK TWAIN STREET 238 Green Gables	$2,695,000 4/25/2012	N/A 5/3/2012	4	3	0	2,590	5/22/2012
770 GARLAND DRIVE 238 Green Gables	$1,495,000 4/25/2012	N/A 5/4/2012	3	2	0	1,681	5/29/2012
483 FULTON STREET 239 Crescent Park	$1,999,000 4/25/2012	N/A 5/3/2012	4	3	0	2,514	5/17/2012
920 HAMILTON AVENUE 239 Crescent Park	$2,995,000 4/25/2012	N/A 5/3/2012	5	3	0	2,206	5/9/2012
644 SOUTH CALIFORNIA AVENUE 236 College	$1,298,000 4/25/2012	N/A 5/3/2012	2	1	0	2,371	5/31/2012
3263 MURRAY WAY 233 South Palo Alto	$1,798,000 4/25/2012	N/A 5/4/2012	4	2	1	2,454	6/2/2012
863 BRUCE DRIVE 233 South Palo Alto	$1,598,000 4/24/2012	N/A 5/3/2012	4	2	0	1,688	6/6/2012
2140 BYRON STREET 237 Old Palo Alto	$2,395,000 4/24/2012	N/A 5/3/2012	3	2	1	1,636	5/11/2012
1533 WALNUT DRIVE 238 Green Gables	$1,649,000 4/24/2012	N/A 5/3/2012	3	2	0	1,968	5/31/2012
4160 MACKAY DRIVE 233 South Palo Alto	$1,499,000 4/23/2012	N/A 5/3/2012	2	2	0	1,324	6/1/2012
3309 KENNETH DRIVE 233 South Palo Alto	$1,598,000 4/18/2012	N/A 4/26/2012	4	3	0	2,027	5/25/2012
251 WASHINGTON AVENUE 237 Old Palo Alto	$2,695,000 4/11/2012	N/A 4/29/2012	4	2	1	2,208	5/29/2012
735 DOLORES STREET 243 Stanford	$3,795,000 4/3/2012	N/A 5/5/2012	6	5	2	9,101	6/2/2012
3370 PARK BOULEVARD 235 Ventura	$508,888 1/25/2012	N/A 5/4/2012	1	1	0	928	6/4/2012
1820 ASH STREET 236 College	$1,149,500 12/7/2011	N/A 12/27/2011	1	1	0	570	3/1/2012

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1629 CHANNING AVENUE 238 Green Gables	$1,999,000 4/16/2012	$2,400,000 4/26/2012	4	3	0	2,488	5/2/2012
827 LATHROP DRIVE 243 Stanford	$1,295,000 3/28/2012	$1,612,000 4/11/2012	4	2	0	1,948	5/3/2012
515 WEST CRESCENT DRIVE 239 Crescent Park	$1,920,000 3/28/2012	$2,200,000 4/9/2012	3	2	0	2,042	5/1/2012
1924 EDGEWOOD DRIVE 238 Green Gables	$1,495,000 3/26/2012	$1,702,000 4/5/2012	4	3	0	2,044	5/4/2012
3633 SOUTH COURT 233 South Palo Alto	$1,375,000 3/21/2012	$1,501,000 3/29/2012	4	2	0	1,639	4/27/2012
1321 HARKER AVENUE 240 Community Center	$5,398,000 3/21/2012	$5,550,000 3/29/2012	5	4	1	5,384	4/27/2012
831 HOMER AVENUE 240 Community Center	$3,395,000 3/21/2012	$3,250,000 4/18/2012	4	3	1	2,777	5/1/2012
3180 COWPER STREET 234 Midtown	$2,998,000 3/20/2012	$3,150,000 3/28/2012	7	4	0	3,398	4/30/2012
220 EL VERANO AVENUE 234 Midtown	$1,090,000 3/14/2012	$1,320,000 3/25/2012	3	2	0	1,255	5/4/2012