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

The listing inventory continues to improve but still low ; the market remains a seller market. We have 39  active listings in Palo Alto as of today. Last Friday broker tour had 19 listings of single family homes as oppose to 15 the week before. 

18 new listings of single family homes were listed on the MLS last week as oppose to 16 the week before. 18 listings changed status to pending as oppose to 6 listings the previous week because more listings were available for sale last week and 9 closed escrow as oppose to 8 the previous week.
Please note that all listings sold significantly above asking price but two listings.

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 18 Pending 18 Sold 9

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3187 ALEXIS DRIVE 230 Palo Alto Hills	$4,695,000 4/20/2012	4	3	1	5,475
481 WASHINGTON AVENUE 237 Old Palo Alto	$6,350,000 4/19/2012	5	5	0	4,837
711 MAPLEWOOD AVENUE 233 South Palo Alto	$1,285,000 4/19/2012	3	2	0	1,550
3831 MAY COURT 233 South Palo Alto	$1,498,000 4/19/2012	3	2	0	1,872
1550 MARIPOSA AVENUE 236 College	$1,195,000 4/19/2012	2	1	0	1,224
744 GUINDA STREET 240 Community Center	$3,195,000 4/19/2012	3	3	0	3,372
305 EMERSON STREET 242 Downtown Palo Alto	$1,875,000 4/18/2012	3	2	1	1,968
3198 WAVERLEY STREET 234 Midtown	$1,798,000 4/18/2012	4	2	0	2,294
3519 SOUTH COURT 234 Midtown	$1,375,000 4/18/2012	4	2	0	1,682
2669 GREER ROAD 233 South Palo Alto	$1,395,000 4/18/2012	4	2	0	1,711
3182 BRYANT STREET 234 Midtown	$1,198,000 4/18/2012	3	1	0	1,109
3309 KENNETH DRIVE 233 South Palo Alto	$1,598,000 4/18/2012	4	3	0	2,027
1500 MIDDLEFIELD ROAD 241 Professorville	$1,698,000 4/18/2012	4	2	0	2,522
1007 FOREST COURT 240 Community Center	$2,495,000 4/17/2012	3	2	0	2,377
251 MIDDLEFIELD ROAD 239 Crescent Park	$3,495,000 4/17/2012	6	6	0	4,440
365 PARKSIDE DRIVE 233 South Palo Alto	$1,595,000 4/17/2012	5	2	0	2,184
1629 CHANNING AVENUE 238 Green Gables	$1,999,000 4/16/2012	4	3	0	2,488
175 HEATHER LANE 238 Green Gables	$2,230,000 4/16/2012	4	3	0	2,470

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
126 SEALE AVENUE 237 Old Palo Alto	$1,995,000 4/16/2012	N/A 4/20/2012	8	4	0	3,568	5/17/2012
699 ASHTON AVENUE 234 Midtown	$988,000 4/14/2012	N/A 4/22/2012	3	1	0	990	5/15/2012
3220 SOUTH COURT 234 Midtown	$1,598,000 4/12/2012	N/A 4/20/2012	3	2	0	1,964	5/22/2012
345 SEQUOIA AVENUE 236 College	$2,495,000 4/12/2012	N/A 4/19/2012	4	3	0	2,577	5/17/2012
3280 ROSS ROAD 233 South Palo Alto	$1,547,000 4/12/2012	N/A 4/20/2012	4	2	1	2,261	5/20/2012
830 GARLAND DRIVE 238 Green Gables	$1,495,000 4/11/2012	N/A 4/19/2012	3	2	0	1,514	4/27/2012
2170 PRINCETON STREET 236 College	$759,000 4/11/2012	N/A 4/20/2012	2	1	0	792	5/18/2012
747 ROSEWOOD DRIVE 234 Midtown	$2,998,000 4/11/2012	N/A 4/18/2012	5	4	1	3,000	5/18/2012
2422 SOUTH COURT 234 Midtown	$1,898,000 4/10/2012	N/A 4/19/2012	5	2	1	2,790	6/7/2012
1591 MARIPOSA AVENUE 236 College	$1,149,000 4/10/2012	N/A 4/20/2012	4	2	0	1,698	5/20/2012
795 ENCINA GRANDE DRIVE 232 Barron Park	$1,595,000 4/10/2012	N/A 4/19/2012	4	3	0	1,808	5/14/2012
179 PRIMROSE WAY 238 Green Gables	$1,298,000 4/10/2012	N/A 4/20/2012	3	2	0	1,417	5/7/2012
642 WEBSTER STREET 242 Downtown Palo Alto	$1,998,000 4/10/2012	N/A 4/19/2012	4	4	0	2,847	5/18/2012
3745 LA SELVA DRIVE 232 Barron Park	$998,000 4/5/2012	N/A 4/18/2012	3	2	0	1,463	5/18/2012
3366 VERNON TERRACE 233 South Palo Alto	$2,248,000 4/5/2012	N/A 4/18/2012	5	4	0	2,790	5/16/2012
888 BOYCE AVENUE 240 Community Center	$1,590,000 3/30/2012	N/A 4/21/2012	1	1	1	1,100	5/22/2012
831 HOMER AVENUE 240 Community Center	$3,395,000 3/21/2012	N/A 4/18/2012	4	3	1	2,777	5/1/2012
733 ALVARADO COURT 243 Stanford	$1,659,000 3/13/2012	N/A 4/18/2012	5	3	1	2,812	5/18/2012

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1131 PARKINSON AVENUE 240 Community Center	$1,990,000 3/21/2012	$2,403,000 3/29/2012	4	2	0	1,965	4/18/2012
1242 GREENWOOD AVENUE 240 Community Center	$1,890,000 3/20/2012	$2,080,000 3/29/2012	4	2	0	2,046	4/19/2012
370 DULUTH CIRCLE 233 South Palo Alto	$2,399,000 3/14/2012	$2,500,000 3/22/2012	4	3	1	3,093	4/20/2012
195 SANTA RITA AVENUE 237 Old Palo Alto	$2,295,000 3/8/2012	$2,170,000 3/17/2012	4	2	0	2,200	4/19/2012
2328 GREER ROAD 238 Green Gables	$1,548,000 3/7/2012	$1,675,000 3/15/2012	5	2	0	2,334	4/13/2012
2440 COWPER STREET 234 Midtown	$1,350,000 3/5/2012	$1,520,000 3/15/2012	3	2	0	1,280	4/13/2012
627 FULTON STREET 240 Community Center	$1,750,000 3/2/2012	$1,930,000 3/13/2012	4	2	0	1,932	4/12/2012
3181 LOUIS ROAD 233 South Palo Alto	$1,298,000 2/28/2012	$1,400,000 3/9/2012	4	3	0	1,534	4/16/2012
350 OXFORD AVENUE 236 College	$2,600,000 2/22/2012	$2,850,000 3/1/2012	4	3	1	2,753	4/17/2012