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

We had 12 new listings of single family homes in Palo Alto last week as oppose to 9 the week before. 11 houses changed status to pending as oppose to 19 the week before and 17 listings  closed escrow last week as oppose to 10 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. Five houses had a price reductions before they sold. 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 : 12
Pending : 11
Sold : 17

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
1560 MARIPOSA AVENUE 236 College	$2,180,000 8/1/2013	3	2	0	1,900
3238 WAVERLEY STREET 234 Midtown	$3,198,000 8/1/2013	6	4	0	3,737
3949 PARK BOULEVARD 235 Ventura	$928,000 8/1/2013	3	1	0	1,228
105 LOWELL AVENUE 237 Old Palo Alto	$1,280,000 8/1/2013	3	2	0	1,416
3553 Alma Village CIRCLE 234 Midtown	$1,798,880 8/1/2013	3	2	1	1,754
850 LOMA VERDE AVENUE 233 South Palo Alto	$1,425,000 7/31/2013	3	2	0	1,561
125 HAWTHORNE AVENUE 242 Downtown Palo Alto	$2,000,000 7/31/2013	2	1	0	1,306
2577 LOUIS ROAD 233 South Palo Alto	$1,798,000 7/31/2013	2	1	0	1,162
3198 FALLEN LEAF STREET 233 South Palo Alto	$1,385,000 7/30/2013	4	4	0	2,340
251 LINCOLN AVENUE 241 Professorville	$3,800,000 7/30/2013	5	2	1	3,400
973 ILIMA WAY 232 Barron Park	$1,785,000 7/29/2013	4	2	0	1,850
2916 RAMONA STREET 234 Midtown	$3,080,000 5/29/2013	5	3	0	3,025

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
2680 WAVERLEY STREET 234 Midtown	$1,798,000 7/25/2013	N/A 8/1/2013	3	2	0	1,517	8/15/2013
2456 INDIAN DRIVE 233 South Palo Alto	$1,198,000 7/25/2013	N/A 8/3/2013	3	2	0	1,400	8/30/2013
4013 AMARANTA AVENUE 232 Barron Park	$1,789,000 7/24/2013	N/A 8/2/2013	3	2	1	1,687	8/22/2013
410 Brassinga COURT 233 South Palo Alto	$1,650,888 7/24/2013	N/A 7/30/2013	4	3	1	2,049	10/15/2013
765 FRENCHMANS ROAD 243 Stanford	$2,550,000 7/10/2013	N/A 8/2/2013	6	3	1	3,480	9/4/2013
1127 HIGH STREET 241 Professorville	$2,648,000 7/10/2013	N/A 8/4/2013	4	2	1	2,890	9/12/2013
737 CENTER DRIVE 239 Crescent Park	$3,500,000 7/10/2013	N/A 7/30/2013	4	3	1	3,370	9/9/2013
4317 SILVA AVENUE 233 South Palo Alto	$1,599,000 5/30/2013	N/A 8/1/2013	3	2	0	1,900	8/28/2013
1433 DANA AVENUE 239 Crescent Park	$3,350,000 5/2/2013	N/A 8/4/2013	3	3	1	2,889	9/9/2013
1125 RAMONA STREET 241 Professorville	$5,495,000 4/1/2013	N/A 7/31/2013	5	4	1	3,800	8/16/2013
722 ASHBY DRIVE 239 Crescent Park	$4,500,000 3/21/2013	N/A 8/1/2013	5	4	0	4,302	9/2/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
789 ENCINA GRANDE DRIVE 232 Barron Park	$2,438,000 7/18/2013	$2,700,000 7/26/2013	5	3	0	2,691	7/31/2013
3150 GREER ROAD 233 South Palo Alto	$1,399,000 7/17/2013	$1,790,000 7/24/2013	3	2	0	1,458	8/2/2013
4050 VERDOSA DRIVE 232 Barron Park	$1,199,000 7/16/2013	$1,650,000 7/25/2013	3	1	0	1,132	7/29/2013
178 ELY PLACE 233 South Palo Alto	$1,678,000 7/11/2013	$1,800,000 7/17/2013	4	2	0	1,878	7/31/2013
1323 HOPKINS AVENUE 240 Community Center	$1,995,000 7/10/2013	$2,168,000 7/19/2013	4	3	0	2,087	7/31/2013
3116 MORRIS DRIVE 233 South Palo Alto	$1,275,000 7/9/2013	$1,605,000 7/18/2013	3	2	0	1,498	8/2/2013
419 PALM STREET 239 Crescent Park	$1,595,000 7/5/2013	$1,725,000 7/18/2013	2	3	0	1,496	7/26/2013
3149 STOCKTON PLACE 233 South Palo Alto	$1,298,000 6/26/2013	$1,788,000 7/11/2013	3	2	0	1,402	7/31/2013
1527 CASTILLEJA AVENUE 236 College	$1,200,000 6/26/2013	$1,950,000 7/8/2013	2	1	0	1,189	7/31/2013
2898 LOUIS ROAD 233 South Palo Alto	$998,000 6/21/2013	$1,302,000 7/2/2013	2	2	0	1,015	7/31/2013
740 CHRISTINE DRIVE 233 South Palo Alto	$3,098,000 6/18/2013	$3,150,000 6/28/2013	5	4	0	3,232	7/30/2013
4118 SUTHERLAND DRIVE 233 South Palo Alto	$1,225,000 6/17/2013	$1,400,000 6/18/2013	3	1	0	1,097	7/30/2013
3197 LOUIS ROAD 233 South Palo Alto	$1,249,000 6/17/2013	$1,767,000 6/26/2013	3	2	0	1,535	7/30/2013
3494 SOUTH COURT STREET 234 Midtown	$1,195,000 6/12/2013	$1,800,000 6/21/2013	3	2	0	1,424	8/2/2013
1212 FULTON STREET 240 Community Center	$2,998,000 5/14/2013	$2,800,000 6/27/2013	4	3	1	3,700	7/31/2013
221 BRYANT STREET 242 Downtown Palo Alto	$2,690,000 3/14/2013	$2,445,000 7/18/2013	4	3	0	3,800	8/2/2013
3269 MORRIS DRIVE 233 South Palo Alto	$1,250,000 1/31/2007	$1,450,000 2/5/2007	4	3	0	1,949	2/20/2007