•· Palo Alto Ca Single Family Home Market Update 03-19-10
•· As of today this is the snapshot of the Palo Alto single family home market:
76 Active listings
46 Pending sales
What does this mean? The inventory of active listings peaked at about 86 listings. It has now decreased to 76. I think that we are experiencing significant change in the under 2 million dollar market. We have seen a number of multiple offers in Palo Alto and I think we may start to see that there is an up tick in the prices in the lower than 2 million dollar market. The 2-3 million dollar market is also showing much more signs of life. Here is the breakdown:
Under 1 million: 7 active listings 12 pending sales
1 million to 1.5: 30 Active listings 16 pending sales
1.5 million to 2 million 12 active listings 8 pending sales
2-3 million 13 active listings 10 pending sales
3+ million 13 active listings 2 pending sales
•· 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
DRE 01191194
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