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

We had only 5 new listings of single family homes in Palo Alto this week  the same as the week before. 13 houses changed status to pending last week the same as the week before and 4 listings  closed escrow last week as oppose to 6 the week before.

The inventory is slightly better but we are still seeing multiple offers in the price range of $1.3 Million - $2 Million. All listings that closed escrow this week sold  above the asking price but one 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 : 5
Pending : 10
Sold : 4

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3149 STOCKTON PLACE 233 South Palo Alto	$1,298,000 6/26/2013	3	2	0	1,402
1527 CASTILLEJA AVENUE 236 College	$1,200,000 6/26/2013	2	1	0	1,189
3491 JANICE WAY 233 South Palo Alto	$1,489,000 6/25/2013	4	2	0	1,659
3127 DAVID AVENUE 233 South Palo Alto	$1,525,000 6/23/2013	2	2	0	1,389
858 LATHROP DRIVE 243 Stanford	$2,389,000 6/23/2013	4	2	1	3,146

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2731 EMERSON STREET 234 Midtown	$1,500,000 6/26/2013	N/A 6/26/2013	3	1	0	1,035	7/13/2013
3502 ARBUTUS AVENUE 233 South Palo Alto	$1,988,000 6/20/2013	N/A 6/28/2013	4	3	0	2,726	7/12/2013
556 SAINT CLAIRE DRIVE 234 Midtown	$1,498,000 6/19/2013	N/A 6/26/2013	4	2	0	1,600	7/12/2013
886 ILIMA COURT 232 Barron Park	$1,828,000 6/17/2013	N/A 6/27/2013	4	3	0	2,075	7/2/2013
3197 LOUIS ROAD 233 South Palo Alto	$1,249,000 6/17/2013	N/A 6/26/2013	3	2	0	1,535	7/26/2013
2320 TASSO STREET 237 Old Palo Alto	$2,295,000 6/13/2013	N/A 6/27/2013	4	3	1	2,371	7/17/2013
2957 WAVERLEY STREET 234 Midtown	$2,798,000 6/12/2013	N/A 6/28/2013	6	4	1	3,571	7/14/2013
3797 ROSS ROAD 233 South Palo Alto	$1,299,000 6/12/2013	N/A 6/26/2013	3	2	0	1,247	7/26/2013
543 SEALE AVENUE 237 Old Palo Alto	$4,450,000 5/15/2013	N/A 6/29/2013	5	4	1	3,668	7/28/2013
1212 FULTON STREET 240 Community Center	$2,998,000 5/14/2013	N/A 6/27/2013	4	3	1	3,700	7/26/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	SqFt	Close Date
551 MAYBELL AVENUE 232 Barron Park	$1,598,000 5/30/2013	$1,750,000 6/5/2013	3	2	1,723	6/25/2013
776 BARRON AVENUE 232 Barron Park	$1,798,000 5/29/2013	$1,970,000 6/7/2013	3	2	1,781	6/28/2013
272 CAROLINA LANE 233 South Palo Alto	$1,295,000 5/13/2013	$1,450,000 5/22/2013	4	2	1,635	6/21/2013
2069 EDGEWOOD DRIVE 238 Green Gables	$1,349,500 5/1/2013	$1,300,000 5/24/2013	3	2	1,422	6/22/2013