10 September, 2013

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

We had 14new listings of single family homes in Palo Alto last week as oppose to 5 the week before. One house changed status to pending as oppose to 10 the week before and 11 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  but three 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 : 14
Pending : 1
Sold : 11

ACTIVE LISTINGS:

Address
Area
BR
FBA
PBA
3
2
1
3
2
0
3
3
1
4
3
0
4
2
3
3
1
0
5
2
0
3
1
0
4
3
1
4
3
1
7
7
1
3
1
0
4
2
0
4
3
2
PENDING LISTINGS:

Address
Area
BR
FBA
PBA
5
3
1
SOLD LISTINGS:

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

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