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

We had 13 new listings of single family homes in Palo Alto this week  as oppose to 6 listings the week before. Four houses changed status to pending last week as oppose to 9 the week before and 9 listings  closed escrow last week as oppose to 8 the week before.

The inventory is slightly better but we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. All listings that closed escrow this week sold  above the asking price but one listing 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 : 13
Pending : 4
Sold : 9

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
886 ILIMA COURT 232 Barron Park	$1,828,000 6/17/2013	4	3	0	2,075
239 MATADERO AVENUE 235 Ventura	$1,268,000 6/14/2013	3	2	0	1,244
2320 TASSO STREET 237 Old Palo Alto	$2,295,000 6/13/2013	4	3	1	2,371
3710 LINDERO DRIVE 233 South Palo Alto	$1,495,000 6/12/2013	4	2	0	1,877
3797 ROSS ROAD 233 South Palo Alto	$1,299,000 6/12/2013	3	2	0	1,247
2611 ALMA STREET 234 Midtown	$930,000 6/12/2013	4	2	0	1,116
2957 WAVERLEY STREET 234 Midtown	$2,798,000 6/12/2013	6	4	1	3,571
3135 AVALON COURT 234 Midtown	$1,988,000 6/12/2013	3	3	0	2,503
3494 SOUTH COURT STREET 234 Midtown	$1,195,000 6/12/2013	3	2	0	1,424
4369 MILLER AVENUE 233 South Palo Alto	$1,199,000 6/11/2013	3	1	0	1,130
51 CRESCENT DRIVE 239 Crescent Park	$12,800,000 6/11/2013	4	4	3	6,374
777 KENDALL AVENUE 232 Barron Park	$1,749,000 6/10/2013	3	2	0	1,764
221 BRYANT STREET 242 Downtown Palo Alto	$2,690,000 3/14/2013	4	3	0	3,800

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
4264 NEWBERRY COURT 233 South Palo Alto	$1,150,000 6/6/2013	N/A 6/14/2013	3	1	0	1,100	6/21/2013
1432 HAMILTON AVENUE 239 Crescent Park	$2,995,000 6/4/2013	N/A 6/13/2013	4	2	1	2,720	7/17/2013
1754 EMERSON STREET 237 Old Palo Alto	$1,688,000 5/30/2013	N/A 6/15/2013	2	2	0	1,160	7/24/2013
2141 PRINCETON STREET 236 College	$1,598,000 5/30/2013	N/A 6/9/2013	4	4	0	1,831	7/31/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3819 MAGNOLIA DRIVE 232 Barron Park	$1,475,000 6/7/2013	$1,767,000 6/9/2013	2	1	1	1,361	6/13/2013
2916 BRYANT STREET 234 Midtown	$1,398,000 5/24/2013	$1,901,000 6/3/2013	2	1	0	1,230	6/14/2013
875 MOCKINGBIRD LANE 230 Palo Alto Hills	$3,295,000 5/22/2013	$3,450,000 5/24/2013	4	3	0	3,300	6/12/2013
365 WEST CHARLESTON ROAD 233 South Palo Alto	$1,099,000 5/17/2013	$1,141,400 5/23/2013	2	2	0	1,045	6/14/2013
929 PARADISE WAY 232 Barron Park	$3,749,000 5/15/2013	$3,650,000 5/24/2013	5	4	0	4,400	6/14/2013
185 COWPER STREET 242 Downtown Palo Alto	$1,200,000 5/13/2013	$1,550,000 5/23/2013	3	1	0	1,288	6/11/2013
309 EMERSON STREET 242 Downtown Palo Alto	$2,700,000 5/2/2013	$2,700,000 6/12/2013	3	2	1	2,000	6/13/2013
1820 BRET HARTE STREET 238 Green Gables	$1,495,000 5/1/2013	$1,927,000 5/8/2013	3	2	0	1,381	6/11/2013
55 WAVERLEY OAKS 237 Old Palo Alto	$5,750,000 4/11/2013	$5,750,000 4/22/2013	3	3	1	3,743	6/12/2013