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

We had 17 new listings of single family homes in Palo Alto as oppose to 14 the week before. 9 house changed status to pending as oppose to 7 the week before and 7 listings  closed escrow last week as oppose to 2 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  above the asking price  but 2 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 : 17
Pending : 9
Sold : 7

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
1024 CATHCART WAY 243 Stanford	$2,457,000 9/20/2013	5	3	1	4,457
239 MATADERO AVENUE 235 Ventura	$1,398,000 9/19/2013	3	2	0	1,280
3178 RAMONA STREET 234 Midtown	$2,398,000 9/19/2013	4	3	0	2,175
2260 SOUTH COURT 237 Old Palo Alto	$1,995,000 9/19/2013	3	2	1	1,680
3137 GREER ROAD 233 South Palo Alto	$1,238,000 9/19/2013	3	1	0	1,004
3525 COWPER STREET 234 Midtown	$1,298,000 9/19/2013	3	2	0	1,086
3629 RAMONA CIRCLE 233 South Palo Alto	$2,398,000 9/18/2013	4	2	1	2,361
4343 MIRANDA AVENUE 230 Palo Alto Hills	$1,749,000 9/18/2013	4	2	0	1,842
3412 COWPER STREET 234 Midtown	$1,898,000 9/18/2013	4	2	0	1,870
563 LYTTON AVENUE 242 Downtown Palo Alto	$1,795,000 9/18/2013	3	3	1	1,425
417 Cole COURT 233 South Palo Alto	$1,538,888 9/18/2013	4	3	1	2,120
1730 UNIVERSITY AVENUE 239 Crescent Park	$2,998,000 9/18/2013	4	3	1	2,773
4289 MIRANDA AVENUE 230 Palo Alto Hills	$1,295,000 9/18/2013	3	2	0	1,364
4263 PARK BOULEVARD 233 South Palo Alto	$1,098,000 9/18/2013	4	2	0	1,388
821 THORNWOOD DRIVE 233 South Palo Alto	$1,900,000 9/18/2013	5	3	0	2,607
1511 WAVERLEY STREET 237 Old Palo Alto	$2,500,000 9/17/2013	5	3	1	1,980
1426 PITMAN AVENUE 239 Crescent Park	$3,198,000 9/16/2013	4	2	1	3,092

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
558 JACKSON DRIVE 238 Green Gables	$1,895,000 9/12/2013	N/A 9/18/2013	3	2	0	1,769	10/18/2013
2140 PRINCETON STREET 236 College	$1,795,000 9/12/2013	N/A 9/19/2013	3	1	0	1,224	10/10/2013
582 PATRICIA LANE 238 Green Gables	$2,865,000 9/11/2013	N/A 9/18/2013	5	3	0	2,586	9/25/2013
561 HILBAR LANE 238 Green Gables	$2,398,000 9/11/2013	N/A 9/19/2013	4	3	0	2,280	10/22/2013
425 HALE STREET 239 Crescent Park	$1,695,000 9/11/2013	N/A 9/19/2013	2	1	0	1,506	9/26/2013
355 CHANNING AVENUE 242 Downtown Palo Alto	$2,995,000 9/5/2013	N/A 9/19/2013	3	3	1	2,480	10/1/2013
3869 NATHAN WAY 233 South Palo Alto	$1,698,888 9/5/2013	N/A 9/16/2013	4	3	0	1,707	10/3/2013
2261 WAVERLEY STREET 237 Old Palo Alto	$4,750,000 9/4/2013	N/A 9/22/2013	4	3	1	3,095	10/17/2013
1079 EMBARCADERO ROAD 238 Green Gables	$995,000 9/4/2013	N/A 9/20/2013	3	1	0	1,114	9/26/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1501 COWPER STREET 237 Old Palo Alto	$3,995,000 8/22/2013	$4,275,000 8/29/2013	5	4	2	4,115	9/19/2013
374 TIOGA COURT 233 South Palo Alto	$1,688,888 8/21/2013	$1,815,000 8/29/2013	3	2	0	1,866	9/20/2013
470 EL CAPITAN PLACE 233 South Palo Alto	$1,795,000 8/21/2013	$2,080,000 8/29/2013	5	3	0	1,953	9/20/2013
1347 ALMA STREET 237 Old Palo Alto	$625,000 8/14/2013	$595,000 8/22/2013	2	1	0	848	9/13/2013
678 LOS ROBLES AVENUE 232 Barron Park	$988,000 8/7/2013	$1,070,000 8/25/2013	2	2	0	780	9/19/2013
2577 LOUIS ROAD 233 South Palo Alto	$1,798,000 7/31/2013	$2,270,000 8/8/2013	2	1	0	1,162	9/19/2013
125 HAWTHORNE AVENUE 242 Downtown Palo Alto	$1,850,000 7/31/2013	$1,750,000 8/23/2013	2	1	0	1,306	9/17/2013