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

We are back to a very active market in Palo Alto this week after the relative slow down in August.
We had 19 active listings of single family homes in Palo Alto last week as oppose to 17 listings the week before. 15 houses changed status to pending as oppose to 3 the week before because the lack of inventory and 8 listings closed escrow as oppose to 9 the week before.

Please note that all listings sold above the asking price but two listings.

The market remains a seller market.

Following is the detailed market activity for Palo Alto:

Active	19
Canceled	1
Expired	1
Pending	15
Sold	8

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
1215 ALMA STREET 237 Old Palo Alto	$699,000 9/14/2012	2	1	0	672
749 DE SOTO DRIVE 238 Green Gables	$1,898,000 9/13/2012	5	3	0	2,617
2125 HIGH STREET 237 Old Palo Alto	$1,098,000 9/13/2012	2	1	0	915
3545 RAMONA STREET 234 Midtown	$1,298,000 9/13/2012	3	1	0	1,027
1070 CERRITO WAY 232 Barron Park	$1,888,000 9/13/2012	3	2	1	2,221
355 CHANNING AVENUE 242 Downtown Palo Alto	$2,800,000 9/13/2012	3	3	1	2,024
772 SUTTER AVENUE 234 Midtown	$2,499,000 9/13/2012	4	3	0	2,600
365 WEST CHARLESTON ROAD 233 South Palo Alto	$925,000 9/13/2012	2	1	1	1,045
552 KELLOGG AVENUE 241 Professorville	$3,990,000 9/13/2012	4	3	1	3,987
816 MESA COURT 230 Palo Alto Hills	$2,595,000 9/13/2012	5	3	0	2,639
3716 REDWOOD CIRCLE 233 South Palo Alto	$1,500,000 9/13/2012	5	2	1	1,952
999 EMBARCADERO ROAD 238 Green Gables	$1,598,000 9/12/2012	4	2	0	2,204
580 BARRON AVENUE 232 Barron Park	$1,759,000 9/12/2012	4	2	1	2,346
3436 RAMBOW DRIVE 234 Midtown	$1,799,000 9/12/2012	3	2	1	2,125
2320 BYRON STREET 237 Old Palo Alto	$2,475,000 9/12/2012	3	2	0	1,850
174 TASSO STREET 242 Downtown Palo Alto	$1,498,000 9/11/2012	2	2	0	1,182
3556 MIDDLEFIELD ROAD 234 Midtown	$1,395,000 9/11/2012	3	2	0	1,576
3660 RAMONA CIRCLE 233 South Palo Alto	$898,000 9/11/2012	3	2	0	1,114
253 ADDISON AVENUE 242 Downtown Palo Alto	$889,000 5/10/2012	2	1	0	1,164

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1170 FIFE AVENUE 240 Community Center	$2,293,000 9/7/2012	N/A 9/11/2012	4	3	0	2,326	9/21/2012
1539 MARIPOSA AVENUE 236 College	$1,195,000 9/6/2012	N/A 9/16/2012	2	2	0	1,333	10/17/2012
842 BOYCE AVENUE 240 Community Center	$3,485,000 9/6/2012	N/A 9/16/2012	4	4	0	3,496	11/9/2012
3488 COWPER COURT 234 Midtown	$1,298,000 9/6/2012	N/A 9/12/2012	3	1	0	1,120	9/28/2012
773 ALLEN COURT 234 Midtown	$1,235,500 9/6/2012	N/A 9/16/2012	3	2	0	1,456	10/9/2012
738 TORREYA COURT 233 South Palo Alto	$1,598,000 9/5/2012	N/A 9/14/2012	4	2	0	2,096	10/12/2012
884 COLORADO AVENUE 233 South Palo Alto	$1,699,000 9/5/2012	N/A 9/14/2012	4	2	0	2,600	10/15/2012
2672 MARSHALL DRIVE 233 South Palo Alto	$2,195,000 9/5/2012	N/A 9/14/2012	4	3	0	2,862	10/12/2012
434 FULTON STREET 239 Crescent Park	$1,998,000 9/5/2012	N/A 9/13/2012	3	2	0	1,580	1/15/2013
740 SEALE AVENUE 238 Green Gables	$5,995,000 9/4/2012	N/A 9/13/2012	7	6	0	5,598	10/4/2012
4050 AMARANTA AVENUE 232 Barron Park	$4,295,000 9/4/2012	N/A 9/13/2012	6	4	0	4,412	9/19/2012
922 LATHROP PLACE 243 Stanford	$1,855,000 8/24/2012	N/A 9/14/2012	5	3	0	2,887	10/18/2012
1405 HOPKINS AVENUE 240 Community Center	$3,788,000 8/23/2012	N/A 9/14/2012	5	4	1	3,794	10/3/2012
821 GARLAND DRIVE 238 Green Gables	$1,350,000 8/22/2012	N/A 9/14/2012	3	1	0	1,352	11/16/2012
366 GEORGE HOOD LANE 233 South Palo Alto	$1,795,000 7/18/2012	N/A 8/8/2012	4	2	1	2,559	9/19/2012

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
3444 ASHTON COURT 234 Midtown	$1,150,000 8/23/2012	$1,375,000 8/31/2012	2	1	925	9/13/2012
381 EDLEE AVENUE 233 South Palo Alto	$998,000 8/16/2012	$1,218,750 8/24/2012	3	1	1,066	9/10/2012
2906 COWPER STREET 234 Midtown	$1,495,000 8/15/2012	$1,778,000 8/22/2012	4	2	1,501	9/12/2012
812 BOYCE AVENUE 240 Community Center	$1,598,000 8/14/2012	$1,750,000 8/24/2012	2	2	1,507	9/11/2012
567 KENDALL AVENUE 232 Barron Park	$1,139,000 8/13/2012	$1,092,500 8/31/2012	2	1	1,345	9/13/2012
308 LINCOLN AVENUE 241 Professorville	$2,800,000 7/9/2012	$2,550,000 7/30/2012	5	3	2,440	9/13/2012
1840 HAMILTON AVENUE 238 Green Gables	$1,875,000 6/24/2012	$1,925,000 7/15/2012	5	3	2,627	9/13/2012
738 HOMER AVENUE 240 Community Center	$799,000 5/30/2012	$800,000 7/13/2012	2	1	660	8/28/2012