The two listings that closed escrow last week received a high number of offers and sold significantly above the asking price confirming an upcoming strong market for the coming year.
The market remains a seller market, We have only 21 active listings in Atherton, 25 in Palo Alto and 22 in Menlo Park. This is considered a very low inventory. The off mls listings are apperaing again and especially at the upper-end prices.
If you are thinking about selling your home in the next year, it is the time to contact your realtor to establish a plan to sell your home.
Following is the detailed market activity for Palo Alto:
Active : 8
Pending : 4
Sold : 2
ACTIVE NEW LISTINGS: