25 February, 2013

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

We had nine new listings of single family homes in Palo Alto last week as oppose to ten the week before.  Eight houses changed status the same as last week and two listings closed escrow as oppose to eight the week before.

New listings are selling within one week. Multiple offers on most of the listings is the norm. All listings that closed escrow this week sold significantly above the asking price confirming an upcoming strong market for the coming year.

The inventeotry is very low. The market remains a strong seller market.

If you are thinking about selling your home, 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 : 9
Pending :  8
Sold : 2

ACTIVE NEW LISTINGS:

Address
Area
5
3
0
5
5
1
4
2
1
4
1
1
5
3
1
3
2
0
4
3
1
4
3
0
2
1
0
PENDING LISTINGS:

Address
Area
5
4
0
3
3
0
3
1
0
2
1
0
3
2
0
2
1
0
4
4
1
4
3
0

SOLD LISTINGS:

Address
Area
3
2
1
4
3
0

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