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

Our inventory is getting better. We had 15 new listings of single family homes in Palo Alto last week as oppose to 8 the week before. 6 houses changed status to pending last week as oppose to 5 the week before and 13 listings and 8 closed escrow the same as the week before.


Since the inventory is slightly better and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. All listings that closed escrow this week sold significantly above the asking price but 3 confirming a continuing strong market. 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 : 15
Pending : 6
Sold : 13

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
365 WEST CHARLESTON ROAD 233 South Palo Alto	$1,099,000 5/17/2013	2	2	0	1,045
755 FOREST AVENUE 240 Community Center	$1,495,000 5/16/2013	3	2	0	1,256
1020 CHANNING AVENUE 240 Community Center	$3,195,000 5/16/2013	5	3	0	3,501
140 KELLOGG AVENUE 237 Old Palo Alto	$1,350,000 5/16/2013	2	2	0	1,248
3785 NATHAN WAY 233 South Palo Alto	$1,750,000 5/16/2013	4	3	0	1,900
105 LOWELL AVENUE 237 Old Palo Alto	$1,199,000 5/16/2013	3	2	0	1,146
929 PARADISE WAY 232 Barron Park	$3,749,000 5/15/2013	5	4	0	4,400
1095 METRO CIRCLE 233 South Palo Alto	$1,295,000 5/15/2013	3	1	0	1,118
2463 AZTEC WAY 233 South Palo Alto	$1,298,000 5/15/2013	3	2	0	1,620
845 TALISMAN DRIVE 233 South Palo Alto	$2,395,000 5/15/2013	4	3	0	2,096
543 SEALE AVENUE 237 Old Palo Alto	$4,450,000 5/15/2013	5	4	1	3,668
2740 KIPLING STREET 234 Midtown	$1,498,000 5/14/2013	3	2	0	1,358
1212 FULTON STREET 240 Community Center	$3,295,000 5/14/2013	4	3	1	3,700
185 COWPER STREET 242 Downtown Palo Alto	$1,200,000 5/13/2013	3	1	0	1,288
272 CAROLINA LANE 233 South Palo Alto	$1,295,000 5/13/2013	4	2	0	1,635

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2020 TASSO STREET 237 Old Palo Alto	$2,875,000 5/14/2013	N/A 5/16/2013	4	3	0	2,584	5/22/2013
416 EL VERANO AVENUE 234 Midtown	$3,298,000 5/13/2013	N/A 5/14/2013	5	4	0	3,310	6/3/2013
2154 SAINT FRANCIS DRIVE 238 Green Gables	$1,498,000 5/8/2013	N/A 5/17/2013	3	2	0	1,714	6/8/2013
1515 CHANNING AVENUE 238 Green Gables	$2,150,000 5/2/2013	N/A 5/16/2013	3	2	0	2,002	5/29/2013
3081 ROSS ROAD 233 South Palo Alto	$3,098,000 4/30/2013	N/A 5/15/2013	5	4	1	3,477	5/22/2013
996 LAUREL GLEN DRIVE 230 Palo Alto Hills	$4,500,000 1/17/2011	N/A 5/13/2013	8	7	2	7,456	5/31/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
843 CLARA DRIVE 233 South Palo Alto	$1,595,000 5/1/2013	$1,870,000 5/8/2013	3	1	0	1,014	5/15/2013
2251 HARVARD STREET 236 College	$998,000 4/24/2013	$1,066,000 5/1/2013	2	2	0	785	5/17/2013
3806 LOUIS ROAD 233 South Palo Alto	$1,638,000 4/18/2013	$2,100,000 4/26/2013	4	3	0	1,865	5/17/2013
2325 SANTA ANA STREET 238 Green Gables	$1,298,000 4/17/2013	$1,700,000 4/26/2013	3	1	0	950	5/17/2013
3993 LAGUNA AVENUE 232 Barron Park	$2,795,000 4/17/2013	$3,100,000 4/29/2013	5	3	1	3,485	5/10/2013
3309 EMERSON STREET 234 Midtown	$2,195,000 4/16/2013	$2,740,000 4/26/2013	4	4	1	2,420	5/15/2013
748 SAN JUDE AVENUE 232 Barron Park	$2,198,000 4/11/2013	$2,350,000 4/18/2013	4	3	1	2,340	5/17/2013
3410 KENNETH DRIVE 233 South Palo Alto	$1,495,000 4/11/2013	$1,670,000 4/18/2013	4	3	0	1,781	5/10/2013
467 LINCOLN AVENUE 241 Professorville	$5,495,000 4/11/2013	$5,500,000 4/18/2013	4	4	0	3,688	5/15/2013
140 TENNYSON AVENUE 237 Old Palo Alto	$1,998,000 3/20/2013	$2,000,000 4/9/2013	4	3	1	1,875	5/15/2013
829 BARRON AVENUE 232 Barron Park	$2,498,000 2/25/2013	$2,450,000 3/6/2013	5	3	1	2,673	5/17/2013
896 MELVILLE AVENUE 240 Community Center	$5,380,000 2/6/2013	$4,900,000 4/19/2013	6	6	1	5,400	5/17/2013
2950 ALEXIS DRIVE 230 Palo Alto Hills	$6,488,000 10/11/2012	$6,294,000 4/9/2013	4	5	3	7,200	5/15/2013