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

We have 34 active listings in Palo Alto as of today, the listing inventory continues to be at a historic low; the market remains a seller market 
Buyers are facing multiple offers on  prime listings that are price in line of the fair market value. As you can see below, 7 listings sold above the asking out of 8 listings . We would be selling more houses if we had more inventory
15 new listings of single family homes were listed on the MLS last week as oppose to 12 the week before. 14 listings changed status to pending as oppose to 7 the week before and 8 listings closed escrow as oppose to 10 listings the previous week.
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	15
Pending	14
Sold	8

ACTIVE LISTINGS FOR LAST WEEK:

List Price  List Date	BR	FBA	PBA	SqFt
888 BOYCE AVENUE 240 Community Center	$1,590,000 3/30/2012	1	1	1	1,100
1441 DANA AVENUE 239 Crescent Park	$3,295,000 3/29/2012	4	3	0	3,328
515 WEST CRESCENT DRIVE 239 Crescent Park	$1,920,000 3/28/2012	3	2	0	2,042
1565 WEBSTER STREET 237 Old Palo Alto	$5,495,000 3/28/2012	5	4	2	5,485
827 LATHROP DRIVE 243 Stanford	$1,295,000 3/28/2012	4	2	0	1,948
1875 UNIVERSITY AVENUE 239 Crescent Park	$2,600,000 3/28/2012	4	3	0	3,026
2710 RAMONA STREET 234 Midtown	$1,150,000 3/28/2012	2	1	0	1,021
855 NEWELL PLACE 238 Green Gables	$1,695,000 3/28/2012	4	2	0	1,844
2316 AMHERST STREET 236 College	$1,498,000 3/27/2012	4	3	0	2,025
836 SYCAMORE DRIVE 233 South Palo Alto	$948,000 3/27/2012	2	1	0	971
50 JORDAN PLACE 238 Green Gables	$1,798,000 3/27/2012	4	2	0	1,802
1870 UNIVERSITY AVENUE 239 Crescent Park	$8,995,000 3/27/2012	6	5	2	7,732
646 FOREST AVENUE 242 Downtown Palo Alto	$1,850,000 3/26/2012	3	2	1	1,633
1924 EDGEWOOD DRIVE 238 Green Gables	$1,495,000 3/26/2012	4	3	0	2,044
624 GEORGIA AVENUE 231 Green Acres	$1,895,000 3/26/2012	5	3	0	2,833

PENDING LISTINGS:

List Price List Date	Sale Price Con. Date		BR	BA	PBA	SqFt
641 EAST MEADOW DRIVE 234 Midtown	$1,150,000 3/23/2012		3	2	0	1,425	10/10/2012
1159 Lincoln AVENUE 239 Crescent Park	$3,250,000 3/22/2012		6	3	1	3,750	6/29/2012
470 HALE STREET 239 Crescent Park	$3,899,000 3/21/2012		3	3	1	3,620	4/5/2012
1321 HARKER AVENUE 240 Community Center	$5,398,000 3/21/2012		5	4	1	5,384	4/27/2012
1131 PARKINSON AVENUE 240 Community Center	$1,990,000 3/21/2012		4	2	0	1,965	4/18/2012
833 RICHARDSON COURT 233 South Palo Alto	$1,395,000 3/21/2012		4	2	0	1,789	5/29/2012
3633 SOUTH COURT 233 South Palo Alto	$1,375,000 3/21/2012		4	2	0	1,639	4/27/2012
3180 COWPER STREET 234 Midtown	$2,998,000 3/20/2012		7	4	0	3,398	4/30/2012
1242 GREENWOOD AVENUE 240 Community Center	$1,890,000 3/20/2012		4	2	0	2,046	4/18/2012
4240 WILKIE WAY 233 South Palo Alto	$1,798,000 3/19/2012		3	3	1	2,106	4/20/2012
370 DULUTH CIRCLE 233 South Palo Alto	$2,399,000 3/14/2012		4	3	1	3,093	4/20/2012
2360 EMERSON STREET 237 Old Palo Alto	$2,198,000 3/8/2012		4	2	0	2,502	5/31/2012
1440 TASSO STREET 241 Professorville	$1,295,000 3/1/2012		4	2	0	1,460	4/6/2012
3855 MAGNOLIA DRIVE 232 Barron Park	$2,248,000 2/29/2012		4	3	1	2,701	5/30/2012

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
405 MIDDLEFIELD ROAD 239 Crescent Park	$1,195,000 2/28/2012	$1,355,000 3/16/2012	4	2	0	1,943	3/29/2012
731 CHRISTINE DRIVE 233 South Palo Alto	$1,595,000 2/28/2012	$1,850,000 3/9/2012	5	2	1	2,428	3/28/2012
2365 SOUTH COURT 237 Old Palo Alto	$2,399,000 2/24/2012	$2,500,000 3/17/2012	4	4	0	3,299	3/29/2012
458 CHANNING AVENUE 242 Downtown Palo Alto	$2,395,000 2/24/2012	$2,500,000 3/14/2012	4	2	0	1,687	3/27/2012
530 IRVEN COURT 232 Barron Park	$1,598,000 2/20/2012	$1,680,000 3/2/2012	5	4	1	3,624	3/30/2012
1028 PARADISE WAY 232 Barron Park	$1,595,000 2/17/2012	$1,700,000 2/29/2012	4	2	1	1,918	3/29/2012
3490 BRYANT STREET 234 Midtown	$1,895,000 2/15/2012	$2,050,000 2/22/2012	5	3	0	3,043	3/23/2012
895 ALLARDICE WAY 243 Stanford	$1,538,000 2/1/2012	$1,495,000 2/28/2012	3	3	0	1,867	3/28/2012