30 September, 2013

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

We had 7 new listings of single family homes in Palo Alto as oppose to 17 the week before. 16 house changed status to pending as oppose to 9 the week before and 11 listings  closed escrow last week as oppose to 7 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  but 4 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 : 7
Pending : 16
Sold : 11

ACTIVE LISTINGS:

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

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

Address
Area
BR
FBA
PBA
5
3
0
2
1
0
3
1
0
3
1
0
1
1
0
607
3
2
0
4
3
0
3
2
0
3
2
1
3
2
1
4
2
1

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