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

We had  12 new listings of single family homes coming on the market last week , as oppose to 15 listings the previous week, 12 listings changed status to pending as oppose to 13 the week before and 9 listings closed escrow as oppose to 10 listings the previous week.

Our inventory remains very low, only 32 listings are active as of today 3/12 /2012; demand is higher than supply and most of the listing are still selling with multiple offer situation. 
Please note the deferential in sale price to the list price in sales activity below.


If you are planning to sell your home it is an opportune time to sell.


Please contact me for a free market analysis to your home and to help you achieve your goals quickly and stress free .

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

Active 12 Pending 12 Sold 9

Active listings for the past week:

Address Area	List Price  List Date	BR	FBA	PBA	sqFt
1800 WEBSTER STREET 237 Old Palo Alto	$4,695,000 3/9/2012	5	4	1	3,700
446 WILTON AVENUE 235 Ventura	$998,000 3/9/2012	4	2	0	1,800
195 SANTA RITA AVENUE 237 Old Palo Alto	$2,295,000 3/8/2012	4	2	0	2,200
1420 BYRON STREET 241 Professorville	$2,998,000 3/8/2012	5	3	0	3,100
2577 RAMONA STREET 234 Midtown	$3,280,000 3/8/2012	9	6	1	4,627
2360 EMERSON STREET 237 Old Palo Alto	$2,350,000 3/8/2012	4	2	0	2,502
3195 ROSS ROAD 233 South Palo Alto	$1,999,950 3/7/2012	5	3	0	2,805
2328 GREER ROAD 238 Green Gables	$1,548,000 3/7/2012	5	2	0	2,334
1087 MORENO AVENUE 234 Midtown	$1,198,000 3/7/2012	3	2	0	1,104
646 FOREST AVENUE 242 Downtown Palo Alto	$2,100,000 3/6/2012	3	2	1	1,633
868 SOUTHAMPTON DRIVE 238 Green Gables	$2,495,000 3/6/2012	4	2	0	2,550
2440 COWPER STREET 234 Midtown	$1,350,000 3/5/2012	3	2	0	1,280

Pending listings for the past week:

List Price List Date	Sale Price Con. Date	BED	BA	PBA			SqFt
2791 COWPER STREET 234 Midtown	$1,099,000 3/2/2012	2	1	0			920
1440 TASSO STREET 241 Professorville	$1,295,000 3/1/2012	4	2	0			1,460
546 HILBAR LANE 238 Green Gables	$2,249,000 2/29/2012	4	3	1			2,098
1511 MARIPOSA AVENUE 236 College	$995,000 2/29/2012	2	1	0			1,326
1290 UNIVERSITY AVENUE 239 Crescent Park	$3,300,000 2/29/2012	4	3	0			3,500
2975 RAMONA STREET 234 Midtown	$1,399,000 2/29/2012	4	3	1			2,350
731 CHRISTINE DRIVE 233 South Palo Alto	$1,595,000 2/28/2012	5	2	1			2,428
3181 LOUIS ROAD 233 South Palo Alto	$1,298,000 2/28/2012	4	3	0			1,534
3453 ASHTON COURT 234 Midtown	$1,828,000 2/15/2012	4	2	1			2,250
742 MELVILLE AVENUE 240 Community Center	$4,295,000 2/6/2012	4	3	1			4,200
118 CHURCHILL AVENUE 237 Old Palo Alto	$2,250,000 2/6/2012	6	5	0			3,008
800 SOUTH CALIFORNIA AVENUE 236 College	$2,598,000 8/18/2011	5	3	0			2,473

Closed escrow last week:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Closed Date
3730 ORTEGA COURT 233 South Palo Alto	$1,998,000 2/29/2012	$2,280,000 3/2/2012	4	2	1	2,736	3/7/2012
825 SUTTER AVENUE 234 Midtown	$2,495,000 2/15/2012	$2,495,000 2/25/2012	4	3	0	2,720	3/9/2012
702 GARLAND DRIVE 238 Green Gables	$1,495,000 2/13/2012	$1,625,000 2/21/2012	3	2	0	1,976	3/5/2012
663 GEORGIA AVENUE 231 Green Acres	$1,195,000 2/6/2012	$1,650,000 2/15/2012	3	2	0	1,732	3/6/2012
2365 EMERSON STREET 237 Old Palo Alto	$1,199,000 2/1/2012	$1,370,000 2/8/2012	2	2	0	1,359	3/9/2012
3180 MORRIS DRIVE 233 South Palo Alto	$1,098,000 1/25/2012	$1,310,000 2/2/2012	3	2	0	1,082	3/6/2012
510 WASHINGTON AVENUE 237 Old Palo Alto	$3,850,000 1/25/2012	$3,750,000 2/15/2012	4	4	0	3,050	3/6/2012
2615 COWPER STREET 234 Midtown	$2,295,000 1/18/2012	$2,200,000 2/22/2012	4	3	1	2,535	3/9/2012
651 EAST MEADOW DRIVE 234 Midtown	$1,267,000 1/10/2012	$1,320,000 1/26/2012	5	3	0	2,438	3/9/2012