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

We had only 9 new listings of single family homes in Palo Alto last week as oppose to 14 the week before. 16 houses changed status to pending last week the same as the week before and 14 listings closed escrow as opposed to 12 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 TWO 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 : 9
Pending : 16
Sold : 14

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
1919 IVY LANE 238 Green Gables	$1,398,000 4/26/2013	4	2	0	1,750
877 SYCAMORE DRIVE 233 South Palo Alto	$1,599,000 4/25/2013	3	2	0	1,446
514 RHODES DRIVE 238 Green Gables	$3,300,000 4/24/2013	4	3	1	2,998
3905 DUNCAN PLACE 233 South Palo Alto	$1,595,000 4/24/2013	3	2	0	1,733
1856 MARK TWAIN STREET 238 Green Gables	$2,798,000 4/24/2013	4	3	0	2,590
151 WAVERLEY STREET 242 Downtown Palo Alto	$2,498,000 4/24/2013	4	2	0	2,219
2251 HARVARD STREET 236 College	$998,000 4/24/2013	2	2	0	785
973 ILIMA WAY 232 Barron Park	$1,998,000 4/24/2013	4	2	0	2,268
3375 STOCKTON PLACE 233 South Palo Alto	$1,299,900 3/8/2013	4	2	0	1,716

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1717 MIDDLEFIELD ROAD 238 Green Gables	$2,395,000 4/18/2013	N/A 4/26/2013	4	3	1	2,522	5/25/2013
460 MATADERO AVENUE 235 Ventura	$1,195,000 4/18/2013	N/A 4/26/2013	2	2	0	1,220	5/15/2013
3806 LOUIS ROAD 233 South Palo Alto	$1,638,000 4/18/2013	N/A 4/26/2013	4	3	0	1,865	5/17/2013
1911 WAVERLEY STREET 237 Old Palo Alto	$3,750,000 4/17/2013	N/A 4/23/2013	4	3	0	3,028	4/30/2013
808 RICHARDSON COURT 233 South Palo Alto	$1,299,000 4/17/2013	N/A 4/25/2013	3	2	0	1,584	6/8/2013
2325 SANTA ANA STREET 238 Green Gables	$1,298,000 4/17/2013	N/A 4/26/2013	3	1	0	950	5/24/2013
1854 BRYANT STREET 237 Old Palo Alto	$3,100,000 4/16/2013	N/A 4/25/2013	3	3	0	3,166	5/10/2013
3309 EMERSON STREET 234 Midtown	$2,195,000 4/16/2013	N/A 4/26/2013	4	4	1	2,420	5/31/2013
1016 CATHCART WAY 243 Stanford	$1,720,000 4/16/2013	N/A 4/25/2013	4	2	1	2,534	5/21/2013
55 WAVERLEY OAKS 237 Old Palo Alto	$5,750,000 4/11/2013	N/A 4/22/2013	3	3	1	3,743	6/15/2013
627 TENNYSON AVENUE 237 Old Palo Alto	$2,695,000 4/11/2013	N/A 4/23/2013	2	1	0	1,415	5/2/2013
237 COLERIDGE AVENUE 237 Old Palo Alto	$11,000,000 4/10/2013	N/A 4/22/2013	5	3	1	4,910	4/26/2013
1319 HOPKINS AVENUE 240 Community Center	$1,438,000 4/2/2013	N/A 4/27/2013	3	2	0	1,304	5/27/2013
550 IRVEN COURT 232 Barron Park	$2,255,000 3/27/2013	N/A 4/7/2013	4	3	1	2,806	5/6/2013
3507 PARK BOULEVARD 235 Ventura	$998,000 3/14/2013	N/A 4/27/2013	3	1	0	1,006	5/24/2013
2950 ALEXIS DRIVE 230 Palo Alto Hills	$6,488,000 10/11/2012	N/A 4/9/2013	4	5	3	7,200	5/15/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1669 COWPER STREET 237 Old Palo Alto	$3,998,000 4/9/2013	$4,300,000 4/16/2013	5	3	1	2,824	4/22/2013
1521 PORTOLA AVENUE 236 College	$2,400,000 4/8/2013	$2,810,000 4/17/2013	5	2	1	2,940	4/24/2013
2500 SOUTH COURT 234 Midtown	$1,998,000 4/4/2013	$2,700,000 4/13/2013	3	2	1	2,275	4/26/2013
2510 WAVERLEY STREET 234 Midtown	$3,000,000 4/1/2013	$3,250,000 4/10/2013	4	3	1	3,595	4/26/2013
40 KENT PLACE 239 Crescent Park	$3,200,000 3/27/2013	$3,325,000 4/3/2013	4	2	1	2,782	4/19/2013
111 WASHINGTON AVENUE 237 Old Palo Alto	$1,199,000 3/22/2013	$1,400,000 3/26/2013	2	2	0	1,113	4/25/2013
122 SANTA RITA AVENUE 237 Old Palo Alto	$1,998,000 3/20/2013	$2,275,000 3/29/2013	4	2	0	2,040	4/26/2013
249 KIPLING STREET 242 Downtown Palo Alto	$1,995,000 3/20/2013	$1,995,000 3/29/2013	4	2	1	1,655	4/26/2013
439 MAUREEN AVENUE 234 Midtown	$1,849,000 3/20/2013	$2,100,000 3/28/2013	4	3	0	2,127	4/23/2013
919 CLARA DRIVE 233 South Palo Alto	$1,298,000 3/14/2013	$1,705,000 3/21/2013	4	2	0	1,535	4/25/2013
256 FULTON STREET 239 Crescent Park	$1,950,000 3/13/2013	$2,200,000 3/21/2013	3	2	0	2,055	4/22/2013
836 COLORADO AVENUE 233 South Palo Alto	$2,288,000 3/12/2013	$2,095,500 4/5/2013	5	3	0	2,330	4/26/2013
746 DE SOTO DRIVE 238 Green Gables	$1,800,000 3/11/2013	$2,160,000 3/25/2013	3	2	0	1,914	4/24/2013
117 TENNYSON AVENUE 237 Old Palo Alto	$2,900,000 9/27/2012	$2,650,000 3/18/2013	4	3	1	3,380	4/19/2013