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

The inventory picked-up slightly last week, we had 16 new listings of single family homes in Palo Alto last week as oppose to 7 the week before. 9 houses changed status to pending last week as oppose to 15 the week before and 6 listings closed escrow as oppose to 5 the week before.
Our market activity is directly connected to the number of new listings that comes on the market each week; if we were to have more listings coming on the market we would sell more houses.

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 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 : 16
Pending :  9
Sold : 6

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3507 PARK BOULEVARD 235 Ventura	$998,000 3/14/2013	3	1	0	1,006
733 COLORADO AVENUE 234 Midtown	$998,000 3/14/2013	2	1	0	811
221 BRYANT STREET 242 Downtown Palo Alto	$3,190,000 3/14/2013	4	3	3	3,800
256 WALTER HAYS DRIVE 238 Green Gables	$1,895,000 3/14/2013	6	3	0	2,389
1512 MARIPOSA AVENUE 236 College	$1,295,000 3/14/2013	3	2	1	1,571
919 CLARA DRIVE 233 South Palo Alto	$1,298,000 3/14/2013	4	2	0	1,535
292 CAROLINA LANE 233 South Palo Alto	$1,688,000 3/14/2013	4	2	0	2,064
3449 RAMONA STREET 234 Midtown	$1,298,000 3/14/2013	3	1	0	1,027
1041 FIFE AVENUE 240 Community Center	$3,950,000 3/14/2013	5	4	1	3,557
2450 COWPER STREET 234 Midtown	$1,695,000 3/13/2013	3	2	0	1,920
450 LOWELL AVENUE 237 Old Palo Alto	$2,595,000 3/13/2013	2	1	1	1,367
1801 WAVERLEY STREET 237 Old Palo Alto	$3,295,000 3/13/2013	5	3	1	2,982
256 FULTON STREET 239 Crescent Park	$1,950,000 3/13/2013	3	2	0	2,055
836 COLORADO AVENUE 233 South Palo Alto	$2,288,000 3/12/2013	5	3	0	2,330
1143 GUINDA STREET 240 Community Center	$2,595,000 3/12/2013	4	3	0	2,532
746 DE SOTO DRIVE 238 Green Gables	$1,800,000 3/11/2013	3	2	0	1,914

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
142 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/13/2013	N/A 3/14/2013	4	3	1	1,875	3/22/2013
3413 THOMAS DRIVE 233 South Palo Alto	$1,499,000 3/7/2013	N/A 3/13/2013	4	2	0	1,716	4/2/2013
3500 SOUTH COURT 234 Midtown	$2,598,000 3/7/2013	N/A 3/13/2013	5	3	1	2,400	4/12/2013
890 MOCKINGBIRD LANE 230 Palo Alto Hills	$2,495,000 3/6/2013	N/A 3/13/2013	4	3	0	2,360	4/11/2013
2001 WEBSTER STREET 237 Old Palo Alto	$6,375,000 3/6/2013	N/A 3/14/2013	5	4	2	5,042	3/29/2013
1550 CASTILLEJA AVENUE 236 College	$2,495,000 3/5/2013	N/A 3/15/2013	4	2	0	2,144	3/21/2013
1030 PALO ALTO AVENUE 239 Crescent Park	$5,600,000 2/27/2013	N/A 3/16/2013	4	4	0	3,800	4/11/2013
1436 COLLEGE AVENUE 236 College	$988,000 2/27/2013	N/A 3/13/2013	2	2	0	777	4/12/2013
1530 UNIVERSITY AVENUE 239 Crescent Park	$2,750,000 2/21/2013	N/A 3/12/2013	4	2	1	2,339	4/8/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2750 BRYANT STREET 234 Midtown	$1,249,000 2/27/2013	$1,730,000 3/6/2013	3	1	0	986	3/15/2013
4262 LOS PALOS PLACE 231 Green Acres	$1,995,000 2/22/2013	$2,250,000 3/7/2013	5	3	0	2,429	3/15/2013
1350 HARKER AVENUE 240 Community Center	$3,095,000 2/20/2013	$3,500,000 2/27/2013	4	3	1	2,904	3/12/2013
3985 BIBBITS DRIVE 233 South Palo Alto	$1,388,000 2/14/2013	$1,838,000 2/27/2013	4	2	0	1,990	3/13/2013
345 OLIVE AVENUE 235 Ventura	$899,000 2/7/2013	$1,109,000 2/21/2013	2	1	0	801	3/15/2013
1861 WAVERLEY STREET 237 Old Palo Alto	$5,300,000 2/6/2013	$5,775,000 2/12/2013	5	6	1	4,850	3/15/2013