29 July, 2013

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

We had 9 new listings of single family homes in Palo Alto last week as oppose to 11 the week before. 19 houses changed status to pending as oppose to 16 the week before and 10 listings  closed escrow last week as oppose to 7 the week before.

The inventory is slightly better but we are still seeing multiple offers in the price range of $1.3 Million - $2 Million. All listings that closed escrow this week sold  at or above the asking price but one  confirming a continuing strong market. The market remains a 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 : 19
Sold : 10

ACTIVE LISTINGS:

Address
Area
BR
FBA
PBA
4
2
0
5
3
0
6
2
1
3
2
0
3
2
0
3
2
1
4
3
1
3
2
0
3
2
0
PENDING LISTINGS:

Address
Area
BR
FBA
PBA
3
2
1
5
3
0
3
2
0
3
1
0
4
2
0
3
2
0
3
2
0
3
3
0
3
3
1
3
1
0
3
2
0
2
2
0
4
2
1
3
1
2
4
2
0
3
2
0
4
3
1
5
4
2
4
3
0
SOLD LISTINGS:

Address
Area
BR
FBA
PBA
4
3
1
4
3
1
4
2
0
4
3
1
3
2
0
4
2
0
3
1
0
2
1
0
4
3
0
3
2
0

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