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

12 new listings of single family homes were listed last week in Palo Alto as oppose to 11 listings the week before. The total active listings of single family homes on the MLS  is now 55 as oppose to 57 the week before. 
The market remains a seller market. 10 listings changed status to pending as oppose to 16 last week and 14 closed escrow this week as oppose to 8 listings the previous week.
Please note that all  listings sold significantly above asking price but two listings, it is worth noting that the number of multiple offers are going down.

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

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

Active	12
Pending	10
Sold	14

ACTIVE NEW LISTINGS

Address	List Price	BR	BA	PBA	Sqft
1936 WAVERLEY STREET 237 Old Palo Alto	$8,988,000 6/17/2012	2	1	0	1,020
1934 WAVERLEY STREET 237 Old Palo Alto	$8,988,000 6/17/2012	3	2	1	2,684
1330 SOUTH CALIFORNIA AVENUE 236 College	$1,680,000 6/15/2012	4	3	0	2,700
4090 EL CERRITO ROAD 232 Barron Park	$2,388,000 6/15/2012	5	3	1	2,945
531 SAINT CLAIRE DRIVE 234 Midtown	$1,575,000 6/14/2012	4	3	0	2,300
657 CHANNING AVENUE 242 Downtown Palo Alto	$2,299,800 6/14/2012	3	2	0	3,059
890 ROBB ROAD 230 Palo Alto Hills	$15,000,000 6/14/2012	6	7	1	8,200
3529 LAGUNA COURT 232 Barron Park	$1,389,000 6/14/2012	5	2	0	1,676
674 GEORGIA AVENUE 231 Green Acres	$1,795,000 6/14/2012	4	2	0	1,734
863 MORENO AVENUE 233 South Palo Alto	$1,449,000 6/13/2012	4	3	0	1,970
2075 BOWDOIN STREET 236 College	$799,000 6/11/2012	2	1	0	800
1302 GREENWOOD AVENUE 240 Community Center	$2,198,000 6/11/2012	3	2	0	1,751

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
259 SANTA RITA AVENUE 237 Old Palo Alto	$2,545,000 6/12/2012	N/A 6/15/2012	5	2	0	1,773	6/29/2012
399 MARGARITA AVENUE 235 Ventura	$1,098,000 6/8/2012	N/A 6/13/2012	3	1	0	1,245	7/13/2012
2768 GREER ROAD 233 South Palo Alto	$1,398,000 6/6/2012	N/A 6/15/2012	4	2	0	1,496	7/14/2012
3834 CORINA WAY 233 South Palo Alto	$1,100,000 6/5/2012	N/A 6/16/2012	3	2	0	1,421	7/17/2012
4084 WILKIE WAY 235 Ventura	$900,000 6/5/2012	N/A 6/14/2012	2	2	0	980	6/29/2012
317 MONROE DRIVE 233 South Palo Alto	$1,288,000 6/1/2012	N/A 6/12/2012	3	1	0	1,343	7/12/2012
2255 RAMONA STREET 237 Old Palo Alto	$2,080,000 6/1/2012	N/A 6/12/2012	4	3	0	1,942	7/9/2012
821 SAN FRANCISCO COURT 243 Stanford	$1,650,000 5/17/2012	N/A 6/15/2012	3	3	0	2,526	7/25/2012
3760 WRIGHT PLACE 233 South Palo Alto	$1,525,000 5/17/2012	N/A 6/14/2012	4	2	1	1,592	7/12/2012
1734 FULTON STREET 238 Green Gables	$4,450,000 5/17/2012	N/A 6/14/2012	4	4	0	3,600	6/22/2012

SOLD LISTINGS:

Address	List Price	Sale Price	BR	BA	PBA	Sqft	COE
502 LOWELL AVENUE 237 Old Palo Alto	$2,799,000 5/30/2012	$2,820,000 6/7/2012	4	3	1	2,569	6/15/2012
2665 RAMONA STREET 234 Midtown	$2,680,000 5/17/2012	$2,820,000 5/22/2012	5	4	1	2,964	6/12/2012
474 FERNE AVENUE 233 South Palo Alto	$1,599,000 5/17/2012	$1,600,000 5/22/2012	4	2	0	1,765	6/15/2012
624 GEORGIA AVENUE 231 Green Acres	$1,895,000 5/12/2012	$1,950,000 5/26/2012	5	3	0	2,833	6/8/2012
380 WILTON AVENUE 235 Ventura	$1,195,000 5/9/2012	$1,380,000 5/21/2012	3	2	0	1,892	6/5/2012
539 JEFFERSON DRIVE 238 Green Gables	$2,195,000 5/2/2012	$2,360,000 5/9/2012	5	4	0	3,311	6/12/2012
2108 BELLVIEW DRIVE 238 Green Gables	$1,850,000 4/26/2012	$1,775,000 5/11/2012	4	2	1	2,200	6/13/2012
746 HOMER AVENUE 240 Community Center	$838,000 4/25/2012	$838,000 5/14/2012	2	1	0	660	6/15/2012
3263 MURRAY WAY 233 South Palo Alto	$1,798,000 4/25/2012	$1,960,000 5/4/2012	4	2	1	2,454	6/12/2012
744 GUINDA STREET 240 Community Center	$3,195,000 4/19/2012	$3,200,000 4/26/2012	3	3	0	3,372	6/13/2012
3198 WAVERLEY STREET 234 Midtown	$1,798,000 4/18/2012	$1,988,000 4/27/2012	4	2	0	2,294	5/30/2012
1007 FOREST COURT 240 Community Center	$2,325,000 4/17/2012	$2,300,000 5/24/2012	3	2	0	2,377	6/14/2012
2361 SANTA ANA STREET 238 Green Gables	$1,375,000 4/11/2012	$1,400,000 4/24/2012	3	2	0	1,557	6/7/2012
888 BOYCE AVENUE 240 Community Center	$1,590,000 3/30/2012	$1,821,888 4/21/2012	1	1	1	1,100	5/22/2012