With October ending on Halloween, was the townhouse/condo real estate activity a trick or a treat in Palo Alto, CA?
15 townhouses/condos came on the market in October 2010, the highest priced home was 1.125M and the lowest priced home was 435K. 2 are short sales. Of the 15 homes that came on the market in October 2010, 9 homes are still currently available.
The current inventory of condo/townhouses in Palo Alto, CA is 37 homes. The price range for these homes is 3.495M at the high end and 338K at the low end. 2 homes are short sales and 1 home is bank owned.
17 homes were scheduled to close escrow in October 2010 and 15 homes completed escrow. The price Range was 1.05M on the high end and 389K on the low end. 1 home was a short sales. The average list price was $714,193 and the average sale price was $697,200. So on average, houses were selling at or slightly below asking price.
8 homes went under contract in October 2010 in Palo Alto, CA, with a price range of 749K at the high end and 389K at the low end. 2 homes were short sales that went under contract in October, 2010.
8 homes were taken off the market in October, the listing contract expired, was cancelled or the property was withdrawn.
So if you are a condo/townhouse buyer, is Palo Alto real estate a trick or a treat? What if you are a condo/townhouse seller, is Palo Alto real estate a trick or a treat?
I would love to hear your thoughts!
Comments(2)