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

We had 16 new listings of single family homes in Palo Alto last week as oppose to 17 the week before. 11 houses changed status to pending last week the same as oppose 7 the week before and 11 listings closed escrow as opposed 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.
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 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 : 16
Pending : 11
Sold : 11

ACTIVE NEW LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
55 WAVERLEY OAKS 237 Old Palo Alto	$5,750,000 4/11/2013	3	3	1	3,743
3410 KENNETH DRIVE 233 South Palo Alto	$1,495,000 4/11/2013	4	3	0	1,781
467 LINCOLN AVENUE 241 Professorville	$5,495,000 4/11/2013	4	4	0	3,688
647B MAYBELL AVENUE 231 Green Acres	$1,398,000 4/11/2013	3	2	0	1,569
627 TENNYSON AVENUE 237 Old Palo Alto	$2,695,000 4/11/2013	2	1	0	1,415
619 TENNYSON AVENUE 237 Old Palo Alto	$4,995,000 4/11/2013	6	5	0	4,130
748 SAN JUDE AVENUE 232 Barron Park	$2,198,000 4/11/2013	4	3	1	2,340
210 WILTON AVENUE 235 Ventura	$1,250,000 4/10/2013	3	1	0	1,239
1529 DANA AVENUE 238 Green Gables	$1,895,000 4/10/2013	3	3	0	1,780
163 PARK AVENUE 236 College	$1,188,000 4/10/2013	2	2	0	1,480
840 ALLARDICE WAY 243 Stanford	$2,300,000 4/10/2013	7	3	1	3,040
3349 COWPER STREET 234 Midtown	$1,699,000 4/10/2013	5	3	0	2,205
237 COLERIDGE AVENUE 237 Old Palo Alto	$11,000,000 4/10/2013	5	3	1	4,910
762 GARLAND DRIVE 238 Green Gables	$1,795,000 4/9/2013	4	2	0	1,780
1669 COWPER STREET 237 Old Palo Alto	$3,998,000 4/9/2013	5	3	1	2,824
1521 PORTOLA AVENUE 236 College	$2,400,000 4/8/2013	5	2	1	2,940

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3857 CORINA WAY 233 South Palo Alto	$1,595,000 4/4/2013	N/A 4/11/2013	4	2	0	1,639	5/2/2013
2500 SOUTH COURT 234 Midtown	$1,998,000 4/4/2013	N/A 4/13/2013	3	2	1	2,275	4/29/2013
984 LOMA VERDE AVENUE 234 Midtown	$1,495,000 4/4/2013	N/A 4/10/2013	4	2	0	1,674	5/1/2013
1110 EMBARCADERO ROAD 238 Green Gables	$798,000 4/3/2013	N/A 4/13/2013	2	1	0	987	5/14/2013
3363 SAINT MICHAEL COURT 234 Midtown	$1,698,000 4/3/2013	N/A 4/11/2013	4	2	0	1,652	4/30/2013
629 GLENBROOK DRIVE 231 Green Acres	$1,599,000 4/3/2013	N/A 4/11/2013	3	3	0	1,934	4/19/2013
2510 WAVERLEY STREET 234 Midtown	$3,000,000 4/1/2013	N/A 4/10/2013	4	3	1	3,595	4/30/2013
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
140 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/20/2013	N/A 4/9/2013	4	3	1	1,875	5/9/2013
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
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
253 FERNE AVENUE 233 South Palo Alto	$1,495,000 3/28/2013	$1,800,000 4/5/2013	3	2	0	1,298	4/11/2013
3953 LAGUNA AVENUE 232 Barron Park	$2,250,000 3/18/2013	$2,700,000 3/27/2013	4	4	0	2,810	4/12/2013
1512 MARIPOSA AVENUE 236 College	$1,295,000 3/14/2013	$1,720,000 3/20/2013	3	2	1	1,571	4/12/2013
256 WALTER HAYS DRIVE 238 Green Gables	$1,895,000 3/14/2013	$2,470,000 3/23/2013	6	3	0	2,389	4/5/2013
450 LOWELL AVENUE 237 Old Palo Alto	$2,595,000 3/13/2013	$3,330,000 3/28/2013	2	1	1	1,367	4/12/2013
2450 COWPER STREET 234 Midtown	$1,695,000 3/13/2013	$2,050,000 3/20/2013	3	2	0	2,287	4/10/2013
142 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/13/2013	$2,225,000 3/14/2013	4	3	1	1,875	3/29/2013
3413 THOMAS DRIVE 233 South Palo Alto	$1,499,000 3/7/2013	$1,660,000 3/13/2013	4	2	0	1,716	4/8/2013
3500 SOUTH COURT 234 Midtown	$2,598,000 3/7/2013	$2,700,000 3/13/2013	5	3	1	2,400	4/12/2013
890 MOCKINGBIRD LANE 230 Palo Alto Hills	$2,495,000 3/6/2013	$2,600,000 3/13/2013	4	3	0	2,360	4/11/2013
1030 PALO ALTO AVENUE 239 Crescent Park	$5,600,000 2/27/2013	$5,600,000 3/16/2013	4	4	0	3,800	4/12/2013