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

We had 12 new listings of single family homes in Palo Alto last week as oppose to 16 the week before. 13 houses changed status to pending last week as oppose to 9 the week before and 10 listings closed escrow as oppose to 6 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.

The inventeotry is very low. The market remains a 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 : 12
Pending :  13
Sold : 10

ACTIVE NEW LISTINGS:

MLS #	Address Area	List Price List Date	BR	FBA	PBA	SqFt
81309075	111 WASHINGTON AVENUE 237 Old Palo Alto	$1,199,000 3/22/2013	2	2	0	1,113
81309268	991 ADDISON AVENUE 240 Community Center	$2,695,000 3/22/2013	4	3	0	2,200
81308923	722 ASHBY DRIVE 239 Crescent Park	$4,995,000 3/21/2013	5	4	0	4,302
81308940	2777 KIPLING STREET 234 Midtown	$1,295,000 3/20/2013	2	1	0	880
81308926	396 STANFORD AVENUE 236 College	$1,495,000 3/20/2013	3	2	0	1,240
81308840	140 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/20/2013	4	3	1	1,875
81308794	122 SANTA RITA AVENUE 237 Old Palo Alto	$1,998,000 3/20/2013	4	2	0	2,040
81308800	249 KIPLING STREET 242 Downtown Palo Alto	$1,995,000 3/20/2013	4	2	1	1,655
81308830	439 MAUREEN AVENUE 234 Midtown	$1,849,000 3/20/2013	4	3	0	2,127
81308422	3953 LAGUNA AVENUE 232 Barron Park	$2,250,000 3/18/2013	4	4	0	2,810
81307956	292 CAROLINA LANE 233 South Palo Alto	$1,688,000 3/14/2013	4	2	0	2,064
81237310	2950 ALEXIS DRIVE 230 Palo Alto Hills	$6,488,000 10/11/2012	4	5	3	7,200

PENDING LISTINGS:

		Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
		733 COLORADO AVENUE 234 Midtown	$998,000 3/14/2013	N/A 3/21/2013	2	1	0	811	4/11/2013
		3449 RAMONA STREET 234 Midtown	$1,298,000 3/14/2013	N/A 3/21/2013	3	1	0	1,027	3/29/2013
		1041 FIFE AVENUE 240 Community Center	$3,950,000 3/14/2013	N/A 3/22/2013	5	4	1	3,557	3/31/2013
		1512 MARIPOSA AVENUE 236 College	$1,295,000 3/14/2013	N/A 3/20/2013	3	2	1	1,571	4/16/2013
		919 CLARA DRIVE 233 South Palo Alto	$1,298,000 3/14/2013	N/A 3/21/2013	4	2	0	1,535	4/5/2013
		256 WALTER HAYS DRIVE 238 Green Gables	$1,895,000 3/14/2013	N/A 3/23/2013	6	3	0	2,389	4/5/2013
		256 FULTON STREET 239 Crescent Park	$1,950,000 3/13/2013	N/A 3/21/2013	3	2	0	2,055	4/19/2013
		142 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/13/2013	N/A 3/14/2013	4	3	1	1,875	3/29/2013
		2450 COWPER STREET 234 Midtown	$1,695,000 3/13/2013	N/A 3/20/2013	3	2	0	2,287	4/12/2013
		1143 GUINDA STREET 240 Community Center	$2,595,000 3/12/2013	N/A 3/20/2013	4	3	0	2,532	4/19/2013
		3375 STOCKTON PLACE 233 South Palo Alto	$1,299,900 3/8/2013	N/A 3/21/2013	4	2	0	1,716	5/3/2013
		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
		117 TENNYSON AVENUE 237 Old Palo Alto	$3,999,950 9/27/2012	N/A 3/18/2013	4	3	1	5,096	5/3/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1550 CASTILLEJA AVENUE 236 College	$2,495,000 3/5/2013	$3,000,000 3/15/2013	4	2	0	2,144	3/21/2013
2290 CORNELL STREET 236 College	$1,048,000 2/27/2013	$1,425,000 3/6/2013	2	1	0	1,020	3/18/2013
1535 EDGEWOOD DRIVE 238 Green Gables	$7,650,000 2/22/2013	$7,650,000 2/25/2013	5	5	1	7,743	3/18/2013
121 LOWELL AVENUE 237 Old Palo Alto	$1,999,999 2/20/2013	$2,500,000 3/3/2013	4	1	1	3,923	3/15/2013
736 HOMER AVENUE 240 Community Center	$859,000 2/18/2013	$859,000 3/2/2013	2	1	0	660	3/21/2013
906 ADDISON AVENUE 240 Community Center	$2,095,000 2/14/2013	$2,350,000 3/1/2013	3	2	0	2,111	3/21/2013
837 CLARA DRIVE 233 South Palo Alto	$2,798,000 2/14/2013	$2,975,000 2/20/2013	5	4	0	2,661	3/19/2013
1806 MARK TWAIN STREET 238 Green Gables	$1,988,000 2/11/2013	$1,920,000 2/26/2013	3	3	0	2,564	3/18/2013
331 CREEKSIDE DRIVE 233 South Palo Alto	$1,535,000 2/10/2013	$1,660,000 2/22/2013	3	2	0	1,690	3/19/2013
4030 WILKIE WAY 235 Ventura	$1,499,000 2/1/2013	$1,550,000 2/12/2013	3	2	0	1,517	3/22/2013