•· Palo Alto Ca Single Family Home Market Update 07-05-09
•· As of today this is the snapshot of the Palo Alto single family home market:
112 Active listings
50 Pending sales
What does this mean? The inventory of active listings decreased by 6 and pending sales are decreased by 7. The ratio of active to pending is not changing much but since this was a holiday week-end there were not a lot of new listings. Again, the over 2 million market is holding on with 37 active listings and 14 pending sales which is almost unchanged from June 7th and June 26th . Under 2 million there are 75 active listings and 36 pending sales, putting the ratio at little less than to 1 to 2 which is not changing much this month. Overall, things are better than they were a few months ago, and the same compared to a few weeks ago with more realistic sellers and more qualified buyers. July is traditionally a busier selling time than June so it will be interesting to see if the improvement holds even further into the summer months. The inventory is less this week, so it will be interesting to see if this continues or if it is just a function of the holiday
•· If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
www.marcymoyer.com
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