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

We had 14new listings of single family homes in Palo Alto last week as oppose to 5 the week before. One house changed status to pending as oppose to 10 the week before and 11 listings  closed escrow last week as oppose to 12 the week before.

The inventory is very low and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. All listings that closed escrow this week sold  at or above the asking price  but three 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 : 14
Pending : 1
Sold : 11

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
3396 PARK BOULEVARD 235 Ventura	$1,750,000 9/9/2013	3	2	1	2,021
850 COLLEGE AVENUE 236 College	$2,375,000 9/5/2013	3	2	0	4,172
355 CHANNING AVENUE 242 Downtown Palo Alto	$2,995,000 9/5/2013	3	3	1	2,480
3869 NATHAN WAY 233 South Palo Alto	$1,698,888 9/5/2013	4	3	0	1,707
3994 SUTHERLAND DRIVE 233 South Palo Alto	$2,349,000 9/4/2013	4	2	3	2,339
1079 EMBARCADERO ROAD 238 Green Gables	$995,000 9/4/2013	3	1	0	1,114
407 FERNE AVENUE 233 South Palo Alto	$1,499,000 9/4/2013	5	2	0	2,176
968 EMBARCADERO ROAD 238 Green Gables	$1,295,000 9/4/2013	3	1	0	1,300
2261 WAVERLEY STREET 237 Old Palo Alto	$4,750,000 9/4/2013	4	3	1	3,095
816 AMES AVENUE 233 South Palo Alto	$2,898,000 9/3/2013	4	3	1	2,893
759 EAST MEADOW DRIVE 233 South Palo Alto	$4,995,000 9/3/2013	7	7	1	5,337
2879 LOUIS ROAD 233 South Palo Alto	$1,295,000 9/3/2013	3	1	0	1,108
245 RAMONA STREET 242 Downtown Palo Alto	$2,398,000 9/3/2013	4	2	0	3,450
3685 LAGUNA AVENUE 232 Barron Park	$4,500,000 5/9/2013	4	3	2	5,900

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
252 COLORADO AVENUE 234 Midtown	$2,695,000 8/28/2013	N/A 9/5/2013	5	3	1	2,879	10/15/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
933 OREGON AVENUE 238 Green Gables	$1,550,000 9/4/2013	$1,535,000 9/5/2013	3	1	1	1,654	9/5/2013
978 MORENO AVENUE 233 South Palo Alto	$1,450,000 8/20/2013	$1,780,000 8/28/2013	4	2	0	1,659	9/5/2013
3238 WAVERLEY STREET 234 Midtown	$3,198,000 8/1/2013	$3,450,000 8/7/2013	6	4	0	3,737	9/6/2013
850 LOMA VERDE AVENUE 233 South Palo Alto	$1,425,000 7/31/2013	$1,725,000 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	$1,550,000 8/9/2013	4	4	0	2,340	8/30/2013
715 CHARLESTON COURT 233 South Palo Alto	$2,198,000 7/26/2013	$2,270,000 8/5/2013	6	2	1	2,830	9/4/2013
298 EAST CHARLESTON ROAD 233 South Palo Alto	$1,399,000 7/24/2013	$1,510,000 8/7/2013	3	2	0	1,295	9/4/2013
737 CENTER DRIVE 239 Crescent Park	$3,500,000 7/10/2013	$3,350,000 7/30/2013	4	3	1	3,370	9/6/2013
765 FRENCHMANS ROAD 243 Stanford	$2,550,000 7/10/2013	$2,350,000 8/2/2013	6	3	1	3,480	9/4/2013
3206 WAVERLEY STREET 234 Midtown	$2,498,000 6/20/2013	$2,650,000 7/3/2013	5	3	0	2,640	9/3/2013
722 ASHBY DRIVE 239 Crescent Park	$4,500,000 3/21/2013	$4,325,000 8/1/2013	5	4	0	4,302	9/5/2013