•· Palo Alto Ca Single Family Home Market Update 05-17-10
•· As of today this is the snapshot of the Palo Alto single family home market:
87 Active listings
57 Pending sales
Breakdown of Price Points:
Under 1 million: 6 Active Listings / 14 Pending Sales
1 to 2 Mil: 47 Active Listings/ 30 Pending Sales
2-3 Million 18 Active listings/ 8 Pending Sales
3+ mil: 15 Active Listings/ 5 Pending Sales
What does mean? The market overall is pretty healthy and there is a small increase in inventory. No change in the gradual decrease in active to pending ratios as the price goes to 3 million. Over 3 million is still weak but getting better with a 3 to ration which is not that bad. However, over 4 million there are 15 listings and the only sales are at 4.2 million with nothing over 4.2 pending. So, more expensive homes are selling better than last year, but still are not a robust market for the very high end (over 4 million) market.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Keller Williams Realty
650-619-9285
DRE 01191194
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