Palo Alto Real Estate Market Update

Week In Review:

Following Is the market activity in Palo Alto for the last week:


We had 10 new listings:

Address/ Area	List Price/ date	Bed.	Baths	SQFT
154 BRYANT STREET 242 Downtown Palo Alto	$2,750,000 11/14/2011	4	3	3,125
3732 GROVE AVENUE 233 South Palo Alto	$1,748,800 11/12/2011	6	4	2,976
959 OREGON AVENUE 238 Green Gables	$1,298,000 11/10/2011	4	2	1,639
3239 WAVERLEY STREET 234 Midtown	$2,788,000 11/10/2011	5	3	3,073
3197 STELLING DRIVE 233 South Palo Alto	$1,049,000 11/10/2011	3	2	1,280
264 CHANNING AVENUE 242 Downtown Palo Alto	$1,899,000 11/9/2011	3	3	1,968
3726 CARLSON CIRCLE 233 South Palo Alto	$1,288,000 11/9/2011	4	2	1,848
2783 RANDERS COURT 234 Midtown	$3,648,000 11/9/2011	5	5	5,255
2220 BRYANT STREET 237 Old Palo Alto	$1,795,000 11/9/2011	3	2	1,680
363 HAWTHORNE AVENUE 242 Downtown Palo Alto	$1,378,000 11/8/2011	2	2	1,285

The following 8 houses closed escrow:

Address/ Area	List Price	Sale Price	Bed.	Baths.	SQFT
753 COLORADO AVENUE 234 Midtown	$845,000 10/26/2011	$1,128,000 11/3/2011	2	1	826
3879 MAGNOLIA DRIVE 232 Barron Park	$1,095,000 10/20/2011	$1,080,000 10/28/2011	2	2	1,543
144 WALTER HAYS DRIVE 238 Green Gables	$1,488,000 10/12/2011	$1,685,000 10/21/2011	4	2	1,763
3461 KENNETH DRIVE 233 South Palo Alto	$1,198,000 9/29/2011	$1,390,000 10/7/2011	4	2	1,659
1525 ALMA STREET 237 Old Palo Alto	$750,000 9/29/2011	$750,000 10/7/2011	2	1	1,096
906 ADDISON AVENUE 240 Community Center	$1,499,000 9/28/2011	$1,600,000 9/30/2011	2	2	2,111
861 CHIMALUS DRIVE 232 Barron Park	$895,000 9/21/2011	$1,035,000 9/28/2011	3	1	1,316
557 EAST CRESCENT DRIVE 239 Crescent Park	$5,300,000 9/8/2011	$5,100,000 10/1/2011	4	3	5,190

The sale activity has been strong for the last week, 13 houses had a change of status from active to pending. Nine of the listings has been on the market for few weeks. The inventory is low with only 39 active listings. This could be an indicative that we are going to have a strong real estate market in 2012.

	Address	Price/list date	Contract date	Bed.	Baths	SQFT
	1285 FOREST AVENUE 239 Crescent Park	$2,395,000 11/3/2011	N/A 11/11/2011	4	3	2,527
	1265 WILSON STREET 240 Community Center	$2,795,000 11/3/2011	N/A 11/11/2011	4	3	2,780
	4131 WILLMAR DRIVE 231 Green Acres	$1,388,000 11/3/2011	N/A 11/10/2011	3	2	1,559
	729 EAST CHARLESTON ROAD 233 South Palo Alto	$1,198,000 11/2/2011	N/A 11/9/2011	3	2	1,974
	255 EDLEE AVENUE 233 South Palo Alto	$1,100,000 10/25/2011	N/A 11/10/2011	3	1	1,418
	3798 LAGUNA AVENUE 232 Barron Park	$2,498,000 10/20/2011	N/A 11/3/2011	5	3	2,783
	130 HEATHER LANE 238 Green Gables	$1,950,000 10/16/2011	N/A 10/29/2011	4	3	2,115
	795 Encina Grande DRIVE 232 Barron Park	$1,448,888 10/6/2011	N/A 11/12/2011	4	3	1,808
	1547 MARIPOSA AVENUE 236 College	$1,398,000 10/5/2011	N/A 11/8/2011	4	2	1,948
	1190 HAMILTON AVENUE 240 Community Center	$2,100,000 9/22/2011	N/A 11/9/2011	2	2	1,920
	1229 STANFORD AVENUE 236 College	$1,335,000 9/20/2011	N/A 10/27/2011	4	2	1,847
	113 MELVILLE AVENUE 237 Old Palo Alto	$2,249,000 9/7/2011	N/A 11/14/2011	5	4	2,658
	1184 PALO ALTO AVENUE 239 Crescent Park	$5,850,000 7/6/2011	N/A 11/9/2011	4	3	4,240