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

We had 14 new listings of single family homes in Palo Alto last week as oppose to 16 the week before. 16 houses changed status to pending last week the same as oppose 11 the week before and 12 listings closed escrow as opposed to 11 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.
The inventory is slightly better but we are still seeing multiple offers on most of the listings. All listings that closed escrow this week sold significantly above the asking price but one confirming a strong. 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 : 14
Pending : 16
Sold : 12

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3105 DAVID AVENUE 233 South Palo Alto	$2,798,000 4/20/2013	5	4	1	3,026
460 MATADERO AVENUE 235 Ventura	$1,195,000 4/18/2013	2	2	0	1,220
1717 MIDDLEFIELD ROAD 238 Green Gables	$2,395,000 4/18/2013	4	3	1	2,522
3806 LOUIS ROAD 233 South Palo Alto	$1,638,000 4/18/2013	4	3	0	1,865
595 HOMER AVENUE 242 Downtown Palo Alto	$1,995,000 4/18/2013	3	2	1	1,524
1945 BYRON STREET 237 Old Palo Alto	$2,790,000 4/17/2013	3	2	0	1,523
2325 SANTA ANA STREET 238 Green Gables	$1,298,000 4/17/2013	3	1	0	950
3993 LAGUNA AVENUE 232 Barron Park	$2,795,000 4/17/2013	5	3	1	3,485
1911 WAVERLEY STREET 237 Old Palo Alto	$3,750,000 4/17/2013	4	3	0	3,028
808 RICHARDSON COURT 233 South Palo Alto	$1,299,000 4/17/2013	3	2	0	1,584
3807 CORINA WAY 233 South Palo Alto	$1,499,000 4/16/2013	3	2	1	1,651
1016 CATHCART WAY 243 Stanford	$1,720,000 4/16/2013	4	2	1	2,534
3309 EMERSON STREET 234 Midtown	$2,195,000 4/16/2013	4	4	1	2,420
1854 BRYANT STREET 237 Old Palo Alto	$3,100,000 4/16/2013	3	3	0	3,166

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3410 KENNETH DRIVE 233 South Palo Alto	$1,495,000 4/11/2013	N/A 4/18/2013	4	3	0	1,781	5/8/2013
748 SAN JUDE AVENUE 232 Barron Park	$2,198,000 4/11/2013	N/A 4/18/2013	4	3	1	2,340	5/17/2013
647B MAYBELL AVENUE 231 Green Acres	$1,398,000 4/11/2013	N/A 4/19/2013	3	2	0	1,569	5/3/2013
467 LINCOLN AVENUE 241 Professorville	$5,495,000 4/11/2013	N/A 4/18/2013	4	4	0	3,688	5/9/2013
3349 COWPER STREET 234 Midtown	$1,699,000 4/10/2013	N/A 4/18/2013	5	3	0	2,205	5/17/2013
840 ALLARDICE WAY 243 Stanford	$2,300,000 4/10/2013	N/A 4/19/2013	7	3	1	3,040	6/13/2013
163 PARK AVENUE 236 College	$1,188,000 4/10/2013	N/A 4/19/2013	2	2	0	1,480	5/9/2013
210 WILTON AVENUE 235 Ventura	$1,250,000 4/10/2013	N/A 4/18/2013	3	1	0	1,239	4/26/2013
1529 DANA AVENUE 238 Green Gables	$1,895,000 4/10/2013	N/A 4/17/2013	3	3	0	1,780	5/8/2013
762 GARLAND DRIVE 238 Green Gables	$1,795,000 4/9/2013	N/A 4/18/2013	4	2	0	1,780	5/6/2013
1669 COWPER STREET 237 Old Palo Alto	$3,998,000 4/9/2013	N/A 4/16/2013	5	3	1	2,824	4/24/2013
1521 PORTOLA AVENUE 236 College	$2,400,000 4/8/2013	N/A 4/17/2013	5	2	1	2,940	4/24/2013
2951 SOUTH COURT 234 Midtown	$1,250,000 4/3/2013	N/A 4/18/2013	1	1	0	816	4/25/2013
556 PENA COURT 232 Barron Park	$2,200,000 4/3/2013	N/A 4/18/2013	4	3	0	2,406	5/31/2013
1830 NEWELL ROAD 238 Green Gables	$2,295,000 3/7/2013	N/A 4/17/2013	4	2	1	1,965	5/17/2013
896 MELVILLE AVENUE 240 Community Center	$5,380,000 2/6/2013	N/A 4/19/2013	6	6	1	5,400	5/31/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1445 DANA AVENUE 239 Crescent Park	$1,995,000 4/15/2013	$2,232,000 4/15/2013	3	1	0	1,365	4/15/2013
629 GLENBROOK DRIVE 231 Green Acres	$1,599,000 4/3/2013	$1,800,000 4/11/2013	3	3	0	1,934	4/19/2013
396 STANFORD AVENUE 236 College	$1,495,000 3/20/2013	$1,950,000 3/27/2013	3	2	0	1,240	4/20/2013
2777 KIPLING STREET 234 Midtown	$1,295,000 3/20/2013	$1,681,000 3/27/2013	2	1	0	880	4/12/2013
733 COLORADO AVENUE 234 Midtown	$998,000 3/14/2013	$1,207,000 3/21/2013	2	1	0	811	4/15/2013
1041 FIFE AVENUE 240 Community Center	$3,950,000 3/14/2013	$4,080,000 3/22/2013	5	4	1	3,557	4/16/2013
292 CAROLINA LANE 233 South Palo Alto	$1,688,000 3/14/2013	$1,600,000 3/25/2013	4	2	0	2,064	4/19/2013
1801 WAVERLEY STREET 237 Old Palo Alto	$3,295,000 3/13/2013	N/A 3/25/2013	5	3	1	2,982	4/19/2013
1143 GUINDA STREET 240 Community Center	$2,595,000 3/12/2013	$3,000,000 3/20/2013	4	3	0	2,532	4/18/2013
1317 FOREST AVENUE 239 Crescent Park	$2,999,000 2/27/2013	$3,010,000 3/8/2013	4	3	1	3,088	4/16/2013
1436 COLLEGE AVENUE 236 College	$988,000 2/27/2013	$1,050,000 3/13/2013	2	2	0	777	4/17/2013
2065 ALMA STREET 237 Old Palo Alto	$998,000 2/12/2013	$1,010,000 3/8/2013	3	2	0	1,386	4/16/2013