WEEK IN REVIEW: ACTIVE LISTINGS, PENDING AND SOLD LISTINGS IN MENLO PARK

We had 2 new listings of single family homes in Menlo Park last week  the same as the week before. 2 listings  changed status to pending as oppose to 5 the week before and 6 listings  closed escrow last week as oppose to 9 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 3 confirming a continuing strong market. The market remains a seller market.

If you are thinking about selling your home in the coming year you should start interviewing agents and preparing your home for sale. I offer a free market analysis for your home, free staging if I list your home.

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 : 2
Pending : 2
Sold : 6

ACTIVE LISTINGS:

Address Area	List Price List Date	BR	FBA	SqFt
1180 ROSEFIELD WAY 303 Central Menlo	$2,995,000 12/16/2013	4	2	3,100
209 MARKET PLACE 310 East of U.S. 101	$450,000 12/11/2013	3	1	1,030

PENDING LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
115 WALNUT STREET 308 Willows / O'Conner Area	$1,598,000 12/1/2013	N/A 12/12/2013	3	2	0	1,500	1/7/2014
2331 CREST LANE 301 Sharon Heights / Stanford Hills	$3,983,222 7/6/2013	N/A 12/4/2013	5	5	1	4,751	12/12/2013

SOLD LISTINGS:

Address Area	List Price List Date	Sale Price Con. Date	BR	FBA	PBA	SqFt	Close Date
1678 OAK AVENUE 303 Central Menlo	$3,098,000 11/18/2013	$3,049,000 12/5/2013	4	3	1	3,050	12/10/2013
2160 CEDAR AVENUE 302 County / Alameda Area	$2,799,000 10/28/2013	$2,775,000 11/12/2013	5	4	1	2,803	12/5/2013
1307 AMERICAN WAY 302 County / Alameda Area	$1,595,000 10/25/2013	$1,650,000 11/3/2013	3	2	1	1,810	11/29/2013
2098 CEDAR AVENUE 302 County / Alameda Area	$1,625,000 10/14/2013	$1,550,000 11/17/2013	4	2	1	2,190	12/10/2013
515 ENCINA AVENUE 311 County Area / Fair Oaks Ave	$1,888,000 10/14/2013	$1,980,000 11/2/2013	4	3	0	3,050	12/6/2013
407 GRAYSON COURT 308 Willows / O'Conner Area	$899,000 9/28/2013	$920,000 11/22/2013	3	2	0	1,482	12/12/2013