Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Palo Alto Ca Real Estate Market Update 3/2/2013
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple:
Not enough inventory, plenty of buyers.
There are currently 28 single family Palo Alto homes for sale up from 26 last week.
There are currently 8 Palo Alto town homes/condos for sale, up from 7 last week.
There are currently 23 pending sales of Palo Alto single family homes, up from 19 last week.
There are currently 10 pending sales of Palo Alto Town homes/Condos, up from 9 last week.
In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.
In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.
These numbers are still low, but a little better than last week, so 2 weeks in a row of samll improvement. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer ... more
Are you on The Rain? Grow Your Network!