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

We had 11 new listings of single family homes in Palo Alto last week as oppose to 19 the week before. 16 houses changed status to pending as oppose to 3 the week before and 7 listings  closed escrow last week as oppose to 5 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  at or above the asking price  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 : 11
Pending : 16
Sold : 7

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
953 ROBLE RIDGE ROAD 232 Barron Park	$8,200,000 7/19/2013	5	3	2	5,538
455 OREGON AVENUE 237 Old Palo Alto	$1,895,000 7/18/2013	3	2	0	1,851
789 ENCINA GRANDE DRIVE 232 Barron Park	$2,438,000 7/18/2013	5	3	0	2,691
383 MACLANE STREET 235 Ventura	$1,188,000 7/18/2013	3	1	0	1,050
3150 GREER ROAD 233 South Palo Alto	$1,399,000 7/17/2013	3	2	0	1,458
3657 BRYANT STREET 233 South Palo Alto	$1,495,000 7/17/2013	3	2	0	1,755
4272 LOS PALOS AVENUE 231 Green Acres	$1,975,000 7/17/2013	4	2	0	2,220
4050 VERDOSA DRIVE 232 Barron Park	$1,199,000 7/16/2013	3	1	0	1,132
563 LYTTON AVENUE 242 Downtown Palo Alto	$1,735,000 7/16/2013	3	3	1	1,425
561 LYTTON AVENUE 242 Downtown Palo Alto	$1,735,000 7/16/2013	3	3	0	1,425
1486 DANA AVENUE 239 Crescent Park	$3,198,000 7/15/2013	3	2	0	1,782

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
611 BARRON AVENUE 232 Barron Park	$1,198,000 7/11/2013	N/A 7/18/2013	3	1	0	1,040	8/16/2013
1550 MIDDLEFIELD ROAD 241 Professorville	$1,998,000 7/11/2013	N/A 7/17/2013	5	3	0	2,827	8/15/2013
3481 SOUTH COURT 234 Midtown	$2,398,000 7/11/2013	N/A 7/18/2013	4	3	0	2,387	8/16/2013
178 ELY PLACE 233 South Palo Alto	$1,678,000 7/11/2013	N/A 7/17/2013	4	2	0	1,878	7/30/2013
759 GAILEN AVENUE 233 South Palo Alto	$1,450,000 7/10/2013	N/A 7/18/2013	4	2	0	1,780	8/21/2013
4044 PARK BOULEVARD 235 Ventura	$950,000 7/10/2013	N/A 7/18/2013	3	1	0	1,050	8/8/2013
1323 HOPKINS AVENUE 240 Community Center	$1,995,000 7/10/2013	N/A 7/19/2013	4	3	0	2,087	8/2/2013
733 FLORALES DRIVE 232 Barron Park	$2,750,000 7/9/2013	N/A 7/17/2013	4	3	1	2,891	7/23/2013
3116 MORRIS DRIVE 233 South Palo Alto	$1,275,000 7/9/2013	N/A 7/18/2013	3	2	0	1,498	8/6/2013
4248 NOBLE STREET 233 South Palo Alto	$1,695,000 7/9/2013	N/A 7/17/2013	4	3	1	2,368	7/24/2013
419 PALM STREET 239 Crescent Park	$1,595,000 7/5/2013	N/A 7/18/2013	2	3	0	1,496	7/31/2013
631 GEORGIA AVENUE 231 Green Acres	$1,899,000 7/4/2013	N/A 7/20/2013	3	2	0	2,204	8/16/2013
858 LATHROP DRIVE 243 Stanford	$2,389,000 6/23/2013	N/A 7/8/2013	4	2	1	3,146	8/15/2013
4317 SILVA AVENUE 233 South Palo Alto	$1,599,000 5/30/2013	N/A 7/17/2013	3	2	0	1,900	8/5/2013
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
221 BRYANT STREET 242 Downtown Palo Alto	$2,690,000 3/14/2013	N/A 7/18/2013	4	3	0	3,800	8/1/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
671 KINGSLEY AVENUE 241 Professorville	$1,200,000 7/19/2013	$1,250,000 7/19/2013	2	1	0	912	7/19/2013
3502 ARBUTUS AVENUE 233 South Palo Alto	$1,988,000 6/20/2013	$2,475,000 6/28/2013	4	3	0	2,726	7/18/2013
2957 WAVERLEY STREET 234 Midtown	$2,798,000 6/12/2013	$2,810,000 6/28/2013	6	4	1	3,571	7/19/2013
3135 AVALON COURT 234 Midtown	$1,988,000 6/12/2013	$2,100,000 6/20/2013	3	3	0	2,503	7/19/2013
1525 WEBSTER STREET 237 Old Palo Alto	$3,250,000 6/6/2013	$3,250,000 7/6/2013	3	3	1	2,871	7/16/2013
1095 METRO CIRCLE 233 South Palo Alto	$1,295,000 5/15/2013	$1,380,000 5/22/2013	3	1	0	1,118	7/3/2013
560 CENTER DRIVE 239 Crescent Park	$5,495,000 5/2/2013	$5,495,000 5/24/2013	4	3	1	3,895	7/17/2013