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 last week as oppose to 12 the week before. 12 houses changed status to pending as oppose to 11 the week before and 10 listings  closed escrow last week as oppose to 17 the week before. We have only 23 active listings on the market in Palo Alto.

The inventory is very low and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. Two 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 : 5
Pending : 12
Sold : 10

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3243 RAMONA STREET 234 Midtown	$1,679,000 8/8/2013	3	2	0	1,720
678 LOS ROBLES AVENUE 232 Barron Park	$988,000 8/7/2013	2	2	0	780
3085 LOUIS ROAD 233 South Palo Alto	$1,498,000 8/7/2013	3	2	0	1,686
91 MORTON WAY 238 Green Gables	$2,700,000 8/6/2013	4	3	0	2,484
416 Cole COURT 233 South Palo Alto	$1,568,888 8/5/2013	4	3	1	2,120

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1560 MARIPOSA AVENUE 236 College	$2,180,000 8/1/2013	N/A 8/9/2013	3	2	0	1,900	9/10/2013
3238 WAVERLEY STREET 234 Midtown	$3,198,000 8/1/2013	N/A 8/7/2013	6	4	0	3,737	9/6/2013
105 LOWELL AVENUE 237 Old Palo Alto	$1,280,000 8/1/2013	N/A 8/7/2013	3	2	0	1,416	8/26/2013
3949 PARK BOULEVARD 235 Ventura	$928,000 8/1/2013	N/A 8/10/2013	3	1	0	1,228	8/29/2013
2577 LOUIS ROAD 233 South Palo Alto	$1,798,000 7/31/2013	N/A 8/8/2013	2	1	0	1,162	9/17/2013
850 LOMA VERDE AVENUE 233 South Palo Alto	$1,425,000 7/31/2013	N/A 8/8/2013	3	2	0	1,561	9/4/2013
3198 FALLEN LEAF STREET 233 South Palo Alto	$1,385,000 7/30/2013	N/A 8/9/2013	4	4	0	2,340	9/10/2013
715 CHARLESTON COURT 233 South Palo Alto	$2,198,000 7/26/2013	N/A 8/5/2013	6	2	1	2,830	9/5/2013
298 EAST CHARLESTON ROAD 233 South Palo Alto	$1,399,000 7/24/2013	N/A 8/7/2013	3	2	0	1,295	9/4/2013
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
765 FRENCHMANS ROAD 243 Stanford	$2,550,000 7/10/2013	N/A 8/2/2013	6	3	1	3,480	9/4/2013
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
383 MACLANE STREET 235 Ventura	$1,188,000 7/18/2013	$1,405,000 7/24/2013	3	1	0	1,050	8/8/2013
3657 BRYANT STREET 233 South Palo Alto	$1,495,000 7/17/2013	$1,710,000 7/24/2013	3	2	0	1,755	8/9/2013
4272 LOS PALOS AVENUE 231 Green Acres	$1,975,000 7/17/2013	$2,400,000 7/26/2013	4	2	0	2,220	8/5/2013
1210 NEWELL ROAD 240 Community Center	$1,998,000 7/12/2013	$2,620,000 7/23/2013	3	1	2	1,176	8/8/2013
4044 PARK BOULEVARD 235 Ventura	$950,000 7/10/2013	$1,150,000 7/18/2013	3	1	0	1,050	8/8/2013
3127 DAVID AVENUE 233 South Palo Alto	$1,525,000 6/23/2013	$1,630,000 7/2/2013	2	2	0	1,389	8/1/2013
2105 BIRCH STREET 236 College	$1,199,000 6/19/2013	$1,400,000 7/5/2013	2	1	0	1,128	8/9/2013
2141 PRINCETON STREET 236 College	$1,598,000 5/30/2013	$1,800,000 6/9/2013	4	4	0	1,831	7/24/2013
784 PALO ALTO AVENUE 239 Crescent Park	$2,195,000 5/30/2013	$2,223,000 6/19/2013	3	2	0	1,996	8/1/2013
543 SEALE AVENUE 237 Old Palo Alto	$4,450,000 5/15/2013	$4,350,000 6/29/2013	5	4	1	3,668	8/8/2013