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

We had 9 new listings of single family homes in Palo Alto last week as oppose to 11 the week before. 19 houses changed status to pending as oppose to 16 the week before and 10 listings  closed escrow last week as oppose to 7 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 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 : 9
Pending : 19
Sold : 10

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
973 ILIMA WAY 232 Barron Park	$1,785,000 7/29/2013	4	2	0	1,850
424 HOMER AVENUE 242 Downtown Palo Alto	$2,875,000 7/28/2013	5	3	0	2,200
715 CHARLESTON COURT 233 South Palo Alto	$2,198,000 7/26/2013	6	2	1	2,830
2456 INDIAN DRIVE 233 South Palo Alto	$1,198,000 7/25/2013	3	2	0	1,400
2680 WAVERLEY STREET 234 Midtown	$1,798,000 7/25/2013	3	2	0	1,517
4013 AMARANTA AVENUE 232 Barron Park	$1,789,000 7/24/2013	3	2	1	1,687
410 Brassinga COURT 233 South Palo Alto	$1,650,888 7/24/2013	4	3	1	2,049
298 EAST CHARLESTON ROAD 233 South Palo Alto	$1,399,000 7/24/2013	3	2	0	1,295
4317 SILVA AVENUE 233 South Palo Alto	$1,599,000 5/30/2013	3	2	0	1,900

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3557 Alma Village CIRCLE 234 Midtown	$1,589,880 7/24/2013	N/A 7/28/2013	3	2	1	1,754	9/12/2013
789 ENCINA GRANDE DRIVE 232 Barron Park	$2,438,000 7/18/2013	N/A 7/26/2013	5	3	0	2,691	8/2/2013
455 OREGON AVENUE 237 Old Palo Alto	$1,895,000 7/18/2013	N/A 7/24/2013	3	2	0	1,851	8/23/2013
383 MACLANE STREET 235 Ventura	$1,188,000 7/18/2013	N/A 7/24/2013	3	1	0	1,050	8/9/2013
4272 LOS PALOS AVENUE 231 Green Acres	$1,975,000 7/17/2013	N/A 7/26/2013	4	2	0	2,220	8/1/2013
3657 BRYANT STREET 233 South Palo Alto	$1,495,000 7/17/2013	N/A 7/24/2013	3	2	0	1,755	8/9/2013
3150 GREER ROAD 233 South Palo Alto	$1,399,000 7/17/2013	N/A 7/24/2013	3	2	0	1,458	8/2/2013
561 LYTTON AVENUE 242 Downtown Palo Alto	$1,735,000 7/16/2013	N/A 7/25/2013	3	3	0	1,425	8/8/2013
563 LYTTON AVENUE 242 Downtown Palo Alto	$1,735,000 7/16/2013	N/A 7/25/2013	3	3	1	1,425	8/13/2013
4050 VERDOSA DRIVE 232 Barron Park	$1,199,000 7/16/2013	N/A 7/25/2013	3	1	0	1,132	7/29/2013
1486 DANA AVENUE 239 Crescent Park	$3,198,000 7/15/2013	N/A 7/26/2013	3	2	0	1,782	8/15/2013
1525 EL CAMINO REAL 236 College	$1,279,000 7/14/2013	N/A 7/23/2013	2	2	0	1,458	8/30/2013
2275 GREER ROAD 238 Green Gables	$1,989,000 7/12/2013	N/A 7/23/2013	4	2	1	2,111	8/13/2013
1210 NEWELL ROAD 240 Community Center	$1,998,000 7/12/2013	N/A 7/23/2013	3	1	2	1,176	8/8/2013
2104 EDGEWOOD DRIVE 238 Green Gables	$1,399,000 7/9/2013	N/A 7/23/2013	4	2	0	1,610	8/20/2013
3149 STOCKTON PLACE 233 South Palo Alto	$1,298,000 6/26/2013	N/A 7/11/2013	3	2	0	1,402	8/1/2013
879 CLARA DRIVE 233 South Palo Alto	$2,488,000 6/19/2013	N/A 7/24/2013	4	3	1	2,600	8/22/2013
225 LINCOLN AVENUE 241 Professorville	$3,995,000 5/9/2013	N/A 7/5/2013	5	4	2	4,735	8/6/2013
221 BRYANT STREET 242 Downtown Palo Alto	$2,690,000 3/14/2013	N/A 7/18/2013	4	3	0	3,800	8/2/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
4248 NOBLE STREET 233 South Palo Alto	$1,695,000 7/9/2013	$1,888,888 7/17/2013	4	3	1	2,368	7/24/2013
733 FLORALES DRIVE 232 Barron Park	$2,750,000 7/9/2013	$2,850,000 7/17/2013	4	3	1	2,891	7/24/2013
3491 JANICE WAY 233 South Palo Alto	$1,489,000 6/25/2013	$1,808,000 7/2/2013	4	2	0	1,659	7/26/2013
2320 TASSO STREET 237 Old Palo Alto	$2,295,000 6/13/2013	$2,400,000 6/27/2013	4	3	1	2,371	7/17/2013
3797 ROSS ROAD 233 South Palo Alto	$1,299,000 6/12/2013	$1,500,000 6/26/2013	3	2	0	1,247	7/25/2013
3710 LINDERO DRIVE 233 South Palo Alto	$1,399,000 6/12/2013	$1,390,000 7/4/2013	4	2	0	1,777	7/26/2013
4369 MILLER AVENUE 233 South Palo Alto	$1,199,000 6/11/2013	$1,355,000 6/19/2013	3	1	0	1,130	7/11/2013
3071 BRYANT STREET 234 Midtown	$1,350,000 6/8/2013	$1,776,000 6/18/2013	2	1	0	1,064	7/19/2013
14 Arastradero ROAD 230 Palo Alto Hills	$1,795,000 6/3/2013	$1,970,000 6/19/2013	4	3	0	2,132	7/19/2013
647B MAYBELL AVENUE 231 Green Acres	$1,398,000 4/11/2013	$1,651,100 4/19/2013	3	2	0	1,569	7/25/2013