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

We had 14 new listings of single family homes in Palo Alto the same as the week before. 7 house changed status to pending as oppose to 1 the week before and 2 listings  closed escrow last week as oppose to 11 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  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 : 14
Pending : 7
Sold : 2

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
2710 RAMONA STREET 234 Midtown	$3,595,000 9/12/2013	4	3	1	3,608
558 JACKSON DRIVE 238 Green Gables	$1,895,000 9/12/2013	3	2	0	1,769
3488 Ramona STREET 234 Midtown	$1,889,880 9/12/2013	4	2	1	1,889
2140 PRINCETON STREET 236 College	$1,795,000 9/12/2013	3	1	0	1,224
561 HILBAR LANE 238 Green Gables	$2,398,000 9/11/2013	4	3	0	2,506
582 PATRICIA LANE 238 Green Gables	$2,865,000 9/11/2013	5	3	0	2,586
698 WILDWOOD LANE 238 Green Gables	$2,490,000 9/11/2013	4	3	1	2,190
2226 LOUIS ROAD 238 Green Gables	$4,195,000 9/11/2013	5	3	1	3,563
425 HALE STREET 239 Crescent Park	$1,695,000 9/11/2013	2	1	0	1,506
1499 COWPER STREET 237 Old Palo Alto	$3,998,000 9/11/2013	5	5	0	3,412
1425 Cowper STREET 241 Professorville	$1,999,000 9/10/2013	3	3	0	1,944
950 GUINDA STREET 240 Community Center	$4,290,000 9/10/2013	6	4	0	4,359
3396 PARK BOULEVARD 235 Ventura	$1,750,000 9/9/2013	3	2	1	2,021
985 PARADISE WAY 232 Barron Park	$2,375,000 9/9/2013	5	3	0	2,426

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
407 FERNE AVENUE 233 South Palo Alto	$1,499,000 9/4/2013	N/A 9/11/2013	5	2	0	2,176	10/15/2013
968 EMBARCADERO ROAD 238 Green Gables	$1,295,000 9/4/2013	N/A 9/11/2013	3	1	0	1,300	10/3/2013
2879 LOUIS ROAD 233 South Palo Alto	$1,295,000 9/3/2013	N/A 9/11/2013	3	1	0	1,108	10/11/2013
245 RAMONA STREET 242 Downtown Palo Alto	$2,398,000 9/3/2013	N/A 9/12/2013	4	2	0	3,450	10/15/2013
816 AMES AVENUE 233 South Palo Alto	$2,898,000 9/3/2013	N/A 9/12/2013	4	3	1	2,893	10/10/2013
3465 MIDDLEFIELD ROAD 233 South Palo Alto	$2,995,000 8/31/2013	N/A 9/12/2013	4	3	1	3,444	10/11/2013
3475 MIDDLEFIELD ROAD 233 South Palo Alto	$1,495,000 8/29/2013	N/A 9/12/2013	1	1	0	607	9/20/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
1560 MARIPOSA AVENUE 236 College	$2,180,000 8/1/2013	$2,205,000 8/9/2013	3	2	1,900	9/10/2013
973 ILIMA WAY 232 Barron Park	$1,785,000 7/29/2013	$1,888,000 8/27/2013	4	2	1,863	9/11/2013