11 March, 2013

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

We had only seven new listings of single family homes in Palo Alto last week as oppose to fourteen the week before.  Fifteen houses changed status to pending last week as oppose to Eleven the week before and five listings closed escrow as oppose to six 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 but two confirming a strong market for the 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 : 7
Pending :  15
Sold : 5

ACTIVE NEW LISTINGS:

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

Address Area
5
4
0
4
2
0
3
2
0
2
1
0
4
3
1
4
3
0
3
1
0
3
2
0
5
3
1
5
3
0
5
5
1
2
1
0
3
2
0
3
2
0
237 Old Palo Alto


 SOLD LISTINGS:
4
3
1

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

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