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 4/20/2013
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 30 single family Palo Alto homes for sale down from 33 last week.
There are currently 11 Palo Alto town homes/condos for sale, up from 7 last week.
There are currently 45 pending sales of Palo Alto single family homes, up from 40 last week.
There are currently 6 pending sales of Palo Alto Town homes/Condos, the same as last week.
In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.
In March of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb.
This is a decrease in single family homes for sale since last week, but an increase in condos. We have a ways to go to get into the 40's by May which will make me correct ... more
Are you on The Rain? Grow Your Network!