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

We had only seven new listings of single family homes in Palo Alto last week as oppose to fourteen the week before.  Fifteen houses changed status to pending last week as oppose to Eleven the week before and five listings closed escrow as oppose to six 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 but two confirming a strong market for the 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 : 7
Pending :  15
Sold : 5

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3375 STOCKTON PLACE 233 South Palo Alto	$1,299,900 3/8/2013	4	2	0	1,716
1830 NEWELL ROAD 238 Green Gables	$2,395,000 3/7/2013	4	2	1	1,965
3413 THOMAS DRIVE 233 South Palo Alto	$1,499,000 3/7/2013	4	2	0	1,716
3500 SOUTH COURT 234 Midtown	$2,598,000 3/7/2013	5	3	1	2,400
890 MOCKINGBIRD LANE 230 Palo Alto Hills	$2,495,000 3/6/2013	4	3	0	2,360
2001 WEBSTER STREET 237 Old Palo Alto	$6,375,000 3/6/2013	5	4	2	5,042
1550 CASTILLEJA AVENUE 236 College	$2,495,000 3/5/2013	4	2	0	2,144

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3464 COWPER COURT 234 Midtown	$2,488,000 2/28/2013	N/A 3/6/2013	5	4	0	2,583	4/4/2013
920 MORENO AVENUE 233 South Palo Alto	$1,698,000 2/28/2013	N/A 3/6/2013	4	2	0	2,082	4/5/2013
375 NORTH CALIFORNIA AVENUE 237 Old Palo Alto	$1,895,000 2/27/2013	N/A 3/8/2013	3	2	0	1,276	4/2/2013
2290 CORNELL STREET 236 College	$1,048,000 2/27/2013	N/A 3/6/2013	2	1	0	1,020	3/18/2013
1317 FOREST AVENUE 239 Crescent Park	$2,999,000 2/27/2013	N/A 3/8/2013	4	3	1	3,088	4/9/2013
770 CHIMALUS DRIVE 232 Barron Park	$1,998,000 2/27/2013	N/A 3/7/2013	4	3	0	2,240	4/9/2013
2750 BRYANT STREET 234 Midtown	$1,249,000 2/27/2013	N/A 3/6/2013	3	1	0	986	3/18/2013
740 CHIMALUS DRIVE 232 Barron Park	$1,278,888 2/25/2013	N/A 3/7/2013	3	2	0	1,498	5/7/2013
829 BARRON AVENUE 232 Barron Park	$2,498,000 2/25/2013	N/A 3/6/2013	5	3	1	2,673	4/5/2013
4262 LOS PALOS PLACE 231 Green Acres	$1,995,000 2/22/2013	N/A 3/7/2013	5	3	0	2,429	4/8/2013
1535 EDGEWOOD DRIVE 238 Green Gables	$7,650,000 2/22/2013	N/A 2/25/2013	5	5	1	7,743	3/18/2013
736 HOMER AVENUE 240 Community Center	$859,000 2/18/2013	N/A 3/2/2013	2	1	0	660	3/21/2013
906 ADDISON AVENUE 240 Community Center	$2,095,000 2/14/2013	N/A 3/1/2013	3	2	0	2,111	3/21/2013
2065 ALMA STREET 237 Old Palo Alto	$998,000 2/12/2013	N/A 3/8/2013	3	2	0	1,386	4/8/2013
1935 WEBSTER STREET 237 Old Palo Alto  SOLD LISTINGS:	$6,500,000 2/5/2013	N/A 3/8/2013	4	3	1	3,009	4/12/2013

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3851 CORINA WAY 233 South Palo Alto	$1,398,000 2/20/2013	$1,720,000 2/28/2013	3	2	0	1,421	3/5/2013
131 WASHINGTON AVENUE 237 Old Palo Alto	$949,950 2/11/2013	$1,470,000 2/22/2013	2	1	0	1,204	3/4/2013
224 CHURCHILL AVENUE 237 Old Palo Alto	$4,395,000 2/9/2013	$4,175,000 2/26/2013	4	4	0	3,198	3/8/2013
1565 STANFORD AVENUE 236 College	$2,395,000 1/17/2013	$2,200,000 2/22/2013	4	4	1	2,180	3/8/2013
411 PEPPER AVENUE 235 Ventura	$868,000 1/3/2013	$1,107,000 1/14/2013	3	1	0	987	3/5/2013