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

We had 9 single family homes coming on the market last week , the same as the previous week, 14 listing changed status to pending as oppose to 8 the week before and 7 listings closed escrow as oppose to 3 the previous week.

Our inventory remains very low, only 27 listings are active as of today 2/20/2012; demands are higher than supply and most of the listing is selling with multiple offers situation.

If you are thinking about selling your home it is a great time to list your home on the market.If you are a buyer, you need to be pre-approved and preferably work with a good local agent that will help you navigate this competitive market.

Following is the detail of the market activity in Palo Alto for last week:

Active	9
Pending	14
Sold	7

NEW LISTINGS IN PALO ALTO FOR THE PAST WEEK:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
1028 PARADISE WAY 232 Barron Park	$1,595,000 2/17/2012	4	2	1	1,918
2886 EMERSON STREET 234 Midtown	$1,799,900 2/15/2012	5	3	0	2,745
742 LOMA VERDE AVENUE 233 South Palo Alto	$1,495,000 2/15/2012	4	2	1	2,008
825 SUTTER AVENUE 234 Midtown	$2,495,000 2/15/2012	4	3	0	2,720
3490 BRYANT STREET 234 Midtown	$1,895,000 2/15/2012	5	3	0	3,043
3453 ASHTON COURT 234 Midtown	$1,828,000 2/15/2012	4	2	1	2,250
2350 CARMEL DRIVE 238 Green Gables	$1,299,000 2/14/2012	4	2	0	1,623
702 GARLAND DRIVE 238 Green Gables	$1,495,000 2/13/2012	3	2	0	1,976
622 LOMA VERDE AVENUE 234 Midtown	$1,499,000 2/9/2012	3	2	1	2,197

PENDING LISTINGS FOR THE PAST WEEK:

Address Area	Sale Price	List Date	Bed.	Bath		Sqft	COE Date
1382 FOREST AVENUE 239 Crescent Park	$4,395,000 2/8/2012	N/A 2/17/2012	5	4	1	3,231	2/28/2012
3610 RAMONA CIRCLE 233 South Palo Alto	$1,295,000 2/8/2012	N/A 2/16/2012	3	2	0	2,235	3/23/2012
711 MAYVIEW AVENUE 233 South Palo Alto	$1,950,000 2/7/2012	N/A 2/15/2012	5	3	1	2,795	3/30/2012
118 CHURCHILL AVENUE 237 Old Palo Alto	$2,250,000 2/6/2012	N/A 2/18/2012	6	5	0	3,008	4/3/2012
663 GEORGIA AVENUE 231 Green Acres	$1,195,000 2/6/2012	N/A 2/15/2012	3	2	0	1,732	3/1/2012
1270 CEDAR STREET 240 Community Center	$2,100,000 2/5/2012	N/A 2/17/2012	4	2	1	2,277	3/2/2012
3901 LAGUNA AVENUE 232 Barron Park	$2,199,000 2/2/2012	N/A 2/16/2012	4	3	0	2,277	3/21/2012
1003 CATHCART WAY 243 Stanford	$1,395,000 1/28/2012	N/A 2/14/2012	3	2	0	1,883	3/16/2012
529 MAYBELL AVENUE 232 Barron Park	$1,650,000 1/25/2012	N/A 2/19/2012	4	3	0	2,156	3/12/2012
510 WASHINGTON AVENUE 237 Old Palo Alto	$3,850,000 1/25/2012	N/A 2/15/2012	4	4	0	3,050	3/13/2012
4217 MANUELA AVENUE 230 Palo Alto Hills	$3,195,000 1/23/2012	N/A 2/19/2012	5	4	1	3,300	8/31/2012
651 EAST MEADOW DRIVE 234 Midtown	$1,267,000 1/10/2012	N/A 1/26/2012	5	3	0	2,438	3/1/2012
1112 HIGH STREET 241 Professorville	$2,295,000 1/2/2012	N/A 2/14/2012	4	3	0	2,207	2/28/2012
2105 EMERSON STREET 237 Old Palo Alto	$1,845,000 11/16/2011	N/A 2/3/2012	3	2	0	1,744	3/5/2012

LISTING THAT CLOSED ESCROW FOR THE PAST WEEK:

	Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
	900 NORTH CALIFORNIA AVENUE 238 Green Gables	$3,595,000 1/30/2012	$4,200,000 2/8/2012	8	5	0	3,617	2/13/2012
	715 SEMINOLE WAY 233 South Palo Alto	$1,085,000 1/18/2012	$1,320,000 1/25/2012	3	2	0	1,424	2/14/2012
	4054 BEN LOMOND DRIVE 233 South Palo Alto	$1,399,000 1/16/2012	$1,435,000 2/2/2012	3	2	0	1,688	2/15/2012
	1236 COLLEGE AVENUE 236 College	$2,795,000 1/12/2012	$2,795,000 1/19/2012	5	4	2	3,820	2/15/2012
	861 NEWELL PLACE 238 Green Gables	$1,999,000 1/11/2012	$2,150,000 1/17/2012	4	3	0	2,500	2/16/2012
	581 MARION AVENUE 234 Midtown	$1,050,000 1/9/2012	$1,200,000 1/17/2012	2	1	0	858	2/8/2012
	518 FULTON STREET 239 Crescent Park	$1,250,000 9/6/2011	$1,200,000 11/28/2011	2	1	1	1,224	2/10/2012