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

We had only 2 new listings of single family homes in Palo Alto this week because of the 4th of July holiday.  11 houses changed status to pending as oppose to 13 the week before and 11listings  closed escrow last week as oppose to 4 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 : 2
Pending : 11
Sold : 11

ACTIVE LISTINGS:
 

Address Area	List Price List Date	BR	FBA	SqFt
419 PALM STREET 239 Crescent Park	$1,595,000 7/5/2013	2	3	1,496
631 GEORGIA AVENUE 231 Green Acres	$1,899,000 7/4/2013	3	2	2,204

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
3491 JANICE WAY 233 South Palo Alto	$1,489,000 6/25/2013	N/A 7/2/2013	4	2	0	1,659	7/23/2013
3127 DAVID AVENUE 233 South Palo Alto	$1,525,000 6/23/2013	N/A 7/2/2013	2	2	0	1,389	8/1/2013
3540 LA MATA WAY 232 Barron Park	$1,850,000 6/22/2013	N/A 7/3/2013	4	2	1	2,568	7/18/2013
2898 LOUIS ROAD 233 South Palo Alto	$998,000 6/21/2013	N/A 7/2/2013	2	2	0	1,015	8/1/2013
3206 WAVERLEY STREET 234 Midtown	$2,498,000 6/20/2013	N/A 7/3/2013	5	3	0	2,640	8/29/2013
130 IRIS WAY 238 Green Gables	$2,780,000 6/20/2013	N/A 7/4/2013	4	3	0	2,500	7/31/2013
2105 BIRCH STREET 236 College	$1,199,000 6/19/2013	N/A 7/5/2013	2	1	0	1,128	8/2/2013
740 CHRISTINE DRIVE 233 South Palo Alto	$3,098,000 6/18/2013	N/A 6/28/2013	5	4	0	3,232	7/30/2013
3710 LINDERO DRIVE 233 South Palo Alto	$1,399,000 6/12/2013	N/A 7/4/2013	4	2	0	1,777	7/30/2013
1525 WEBSTER STREET 237 Old Palo Alto	$3,250,000 6/6/2013	N/A 7/6/2013	3	3	1	2,871	7/16/2013
225 LINCOLN AVENUE 241 Professorville	$3,995,000 5/9/2013	N/A 7/5/2013	5	4	2	4,735	8/6/2013

SOLD LISTINGS:

Address Area List Price List Date Sale Price Con. Date BR FBA PBA SqFt Close Date 2554 WEBSTER STREET 234 Midtown $2,000,000 7/3/2013 $2,000,000 7/3/2013 3 2 0 1,632 7/3/2013 886 ILIMA COURT 232 Barron Park $1,828,000 6/17/2013 $2,116,000 6/27/2013 4 3 0 2,075 7/2/2013 777 KENDALL AVENUE 232 Barron Park $1,749,000 6/10/2013 $1,889,500 6/20/2013 3 2 0 1,764 7/3/2013 3333 BRYANT STREET 234 Midtown $2,680,000 5/22/2013 $2,700,000 6/3/2013 4 3 0 2,600 7/1/2013 271 ELY PLACE 233 South Palo Alto $1,550,000 5/19/2013 $1,850,000 5/31/2013 3 2 0 1,537 6/28/2013 3785 NATHAN WAY 233 South Palo Alto $1,750,000 5/16/2013 $2,150,000 5/22/2013 4 3 0 1,900 7/2/2013 140 KELLOGG AVENUE 237 Old Palo Alto $1,350,000 5/16/2013 $1,545,000 5/23/2013 2 2 0 1,248 6/28/2013 2463 AZTEC WAY 233 South Palo Alto $1,298,000 5/15/2013 $1,682,000 5/24/2013 3 2 0 1,620 7/2/2013 621 ALVARADO ROW 243 Stanford $1,475,000 5/9/2013 $1,810,000 5/23/2013 4 2 1 2,171 6/20/2013 151 WAVERLEY STREET 242 Downtown Palo Alto $2,498,000 4/24/2013 $2,698,000 5/3/2013 4 2 0 2,219 7/2/2013 580 WASHINGTON AVENUE 237 Old Palo Alto $2,445,000 4/4/2013 $2,375,000 6/18/2013 3 2 1 2,000 7/2/2013