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

We had 11 new listings of single family homes in Palo Alto as oppose to 5 the week before  9 house changed status to pending  as oppose to 7 the week before and 8 listings  closed escrow as oppose to 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 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 : 11
Pending : 9
Sold : 8


ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	PBA	SqFt
2593 MARSHALL DRIVE 233 South Palo Alto	$1,398,000 10/31/2013	3	2	0	1,118
510 LOWELL AVENUE 237 Old Palo Alto	$5,280,000 10/31/2013	5	6	1	4,648
221 KIPLING STREET 242 Downtown Palo Alto	$4,500,000 10/31/2013	5	5	0	4,010
3340 KENNETH DRIVE 233 South Palo Alto	$1,798,000 10/31/2013	5	3	0	2,004
633 CHIMALUS DRIVE 232 Barron Park	$2,368,000 10/30/2013	4	3	0	2,543
864 EMBARCADERO ROAD 238 Green Gables	$1,300,000 10/30/2013	4	2	0	1,260
4258 MCKELLAR LANE 231 Green Acres	$1,498,000 10/30/2013	3	2	0	1,584
3377 ROSS ROAD 233 South Palo Alto	$2,998,000 10/30/2013	5	3	1	2,860
2296 BRYANT STREET 237 Old Palo Alto	$2,100,000 10/30/2013	3	3	0	1,964
564 GEORGIA AVENUE 232 Barron Park	$1,498,000 10/30/2013	2	1	1	1,015
3832 GROVE AVENUE 233 South Palo Alto	$2,695,000 10/29/2013	4	3	1	2,994

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
760 MAYVIEW AVENUE 233 South Palo Alto	$2,988,000 10/24/2013	N/A 10/31/2013	4	3	1	2,813	11/14/2013
860 SAN JUDE AVENUE 232 Barron Park	$2,098,000 10/23/2013	N/A 10/31/2013	4	3	0	2,713	11/20/2013
3475 JANICE WAY 233 South Palo Alto	$1,199,000 10/23/2013	N/A 10/31/2013	4	2	0	1,659	11/13/2013
3511 COWPER STREET 234 Midtown	$1,548,000 10/23/2013	N/A 11/3/2013	3	2	0	1,794	11/25/2013
1066 METRO CIRCLE 233 South Palo Alto	$1,599,000 10/17/2013	N/A 10/31/2013	3	1	0	1,480	11/13/2013
439 SAN ANTONIO ROAD 233 South Palo Alto	$1,399,000 10/9/2013	N/A 10/17/2013	4	2	0	1,697	11/19/2013
3181 EMERSON STREET 234 Midtown	$1,748,000 10/9/2013	N/A 10/31/2013	4	3	1	2,187	11/30/2013
3994 SUTHERLAND DRIVE 233 South Palo Alto	$2,349,000 9/4/2013	N/A 10/29/2013	4	2	3	2,339	11/24/2013
1776 GUINDA STREET 238 Green Gables	$3,395,000 8/26/2013	N/A 10/30/2013	4	3	0	2,905	11/11/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1298 HAMILTON AVENUE 239 Crescent Park	$4,395,000 10/17/2013	N/A 10/18/2013	4	3	1	3,497	10/29/2013
2203 SOUTH COURT 237 Old Palo Alto	$3,195,000 10/9/2013	$3,050,000 10/18/2013	3	1	1	2,096	10/28/2013
888 WARREN WAY 233 South Palo Alto	$1,295,000 10/3/2013	$1,700,000 10/5/2013	3	1	1	1,224	10/28/2013
2230 LOUIS ROAD 238 Green Gables	$1,395,000 10/2/2013	$1,855,000 10/9/2013	3	1	1	1,120	10/30/2013
2350 RAMONA STREET 237 Old Palo Alto	$1,830,000 10/2/2013	$2,100,000 10/11/2013	3	1	1	1,537	11/1/2013
4132 MAYBELL WAY 231 Green Acres	$1,685,000 9/25/2013	$1,916,000 10/5/2013	3	2	1	1,794	10/28/2013
1730 UNIVERSITY AVENUE 239 Crescent Park	$2,998,000 9/18/2013	$3,250,000 10/4/2013	4	3	1	2,773	10/30/2013
886 MORENO AVENUE 233 South Palo Alto	$1,699,000 8/22/2013	$1,852,500 8/30/2013	3	2	0	1,253	10/30/2013