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

We had nine new listings of single family homes in Palo Alto last week as oppose to ten the week before.  Eight houses changed status the same as last week and two listings closed escrow as oppose to eight the week before.

New listings are selling within one week. Multiple offers on most of the listings is the norm. All listings that closed escrow this week sold significantly above the asking price confirming an upcoming strong market for the coming year.

The inventeotry is very low. The market remains a strong seller market.

If you are thinking about selling your home, it is the time to contact your realtor to establish a plan to sell your home.

Following is the detailed market activity for Palo Alto:

Active : 9
Pending :  8
Sold : 2

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
4262 LOS PALOS PLACE 231 Green Acres	$1,995,000 2/22/2013	5	3	0	2,429
1535 EDGEWOOD DRIVE 238 Green Gables	$7,650,000 2/22/2013	5	5	1	7,743
1530 UNIVERSITY AVENUE 239 Crescent Park	$2,750,000 2/21/2013	4	2	1	2,339
121 LOWELL AVENUE 237 Old Palo Alto	$1,999,999 2/20/2013	4	1	1	3,923
3500 SOUTH COURT 234 Midtown	$2,598,000 2/20/2013	5	3	1	2,400
3851 CORINA WAY 233 South Palo Alto	$1,398,000 2/20/2013	3	2	0	1,421
1350 HARKER AVENUE 240 Community Center	$3,095,000 2/20/2013	4	3	1	2,904
221 Bryant STREET 242 Downtown Palo Alto	$3,190,000 2/19/2013	4	3	0	3,800
736 HOMER AVENUE 240 Community Center	$859,000 2/18/2013	2	1	0	660

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
837 CLARA DRIVE 233 South Palo Alto	$2,798,000 2/14/2013	N/A 2/20/2013	5	4	0	2,661	3/12/2013
1046 HARKER AVENUE 240 Community Center	$2,795,000 2/12/2013	N/A 2/21/2013	3	3	0	2,903	3/23/2013
447 FERNANDO AVENUE 235 Ventura	$928,000 2/12/2013	N/A 2/23/2013	3	1	0	965	3/27/2013
131 WASHINGTON AVENUE 237 Old Palo Alto	$949,950 2/11/2013	N/A 2/22/2013	2	1	0	1,204	3/4/2013
331 CREEKSIDE DRIVE 233 South Palo Alto	$1,535,000 2/10/2013	N/A 2/22/2013	3	2	0	1,690	3/20/2013
345 OLIVE AVENUE 235 Ventura	$899,000 2/7/2013	N/A 2/21/2013	2	1	0	801	3/8/2013
1565 STANFORD AVENUE 236 College	$2,395,000 1/17/2013	N/A 2/22/2013	4	4	1	2,180	3/8/2013
3501 Emma COURT 232 Barron Park	$2,495,000 1/17/2013	N/A 2/24/2013	4	3	0	2,430	3/29/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
850 MESA AVENUE 230 Palo Alto Hills	$1,998,000 2/13/2013	$2,400,000 2/19/2013	3	2	1	2,184	2/22/2013
709 LA PARA AVENUE 232 Barron Park	$2,550,000 2/6/2013	$2,680,000 2/14/2013	4	3	0	2,621	2/20/2013