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

We had only 9 new listings of single family homes in Palo Alto last week as oppose to 7 the week before. 5 houses changed status to pending as oppose to 4 the week before and 6 listings  closed escrow last week as oppose to 12 the week before.

The inventory is very low and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. All listings that closed escrow this week sold  at or above the asking price  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 : 5
Sold : 6

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
428 ALDER LANE 233 South Palo Alto	$2,200,000 8/25/2013	4	3	1	2,873
1501 COWPER STREET 237 Old Palo Alto	$3,995,000 8/22/2013	5	4	2	4,115
370 ELY PLACE 233 South Palo Alto	$1,450,000 8/22/2013	3	2	0	1,134
886 MORENO AVENUE 233 South Palo Alto	$1,699,000 8/22/2013	3	2	0	1,253
510 LOWELL AVENUE 237 Old Palo Alto	$5,575,000 8/22/2013	5	6	1	4,648
374 TIOGA COURT 233 South Palo Alto	$1,688,888 8/21/2013	3	2	0	1,866
1057 RAMONA STREET 241 Professorville	$4,850,000 8/21/2013	3	2	1	3,019
470 EL CAPITAN PLACE 233 South Palo Alto	$1,795,000 8/21/2013	5	3	0	1,953
978 MORENO AVENUE 233 South Palo Alto	$1,450,000 8/20/2013	4	2	0	1,659

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
957 AMARILLO AVENUE 233 South Palo Alto	$1,498,000 8/15/2013	N/A 8/23/2013	3	2	1,373	9/23/2013
2076 CORNELL STREET 236 College	$1,695,000 8/14/2013	N/A 8/23/2013	3	2	1,598	9/20/2013
1347 ALMA STREET 237 Old Palo Alto	$625,000 8/14/2013	N/A 8/22/2013	2	1	848	9/12/2013
98 ERSTWILD COURT 238 Green Gables	$2,898,000 8/14/2013	N/A 8/23/2013	4	3	2,409	9/19/2013
125 HAWTHORNE AVENUE 242 Downtown Palo Alto	$1,850,000 7/31/2013	N/A 8/23/2013	2	1	1,306	9/17/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
129 CHURCHILL AVENUE 237 Old Palo Alto	$1,890,000 8/14/2013	$2,150,000 8/15/2013	2	2	1,381	8/19/2013
3085 LOUIS ROAD 233 South Palo Alto	$1,498,000 8/7/2013	$1,801,000 8/14/2013	3	2	1,686	8/23/2013
759 GAILEN AVENUE 233 South Palo Alto	$1,450,000 7/10/2013	$1,750,000 7/18/2013	4	2	1,780	8/21/2013
2104 EDGEWOOD DRIVE 238 Green Gables	$1,399,000 7/9/2013	$1,635,000 7/23/2013	4	2	1,610	8/20/2013
631 GEORGIA AVENUE 231 Green Acres	$1,899,000 7/4/2013	$1,910,000 7/20/2013	3	2	2,204	8/19/2013
130 IRIS WAY 238 Green Gables	$2,780,000 6/20/2013	$3,060,000 7/4/2013	4	3	2,500	8/19/2013