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Palo Alto Ca Real Estate Market Update 7/14/2013
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 40 single family Palo Alto homes for sale down from 42 before the 4th of July holiday.
There are currently 7 Palo Alto town homes/condos for sale, the same as before the 4th of July holiday.
There are currently 32 pending sales of Palo Alto single family homes, up from 29 before the 4th of July holiday.
There are currently 7 pending sales of Palo Alto Town homes/Condos, up from 6 before the 4th of July holiday
In June of 2013 there were 29 single family Palo Alto homes sold, a big drop from April and May sales. The prices ranged from $1,141,400 to $5,750,000. No homes under a million is significant. This is getting to be a common occurance in Palo Alto.
In June of 2013 there were 15 Palo Alto Town Homes/Condos sold, a nice increase from earlier in the spring. The prices ranged from $535,000 to $1,521,000. This is not a high starting price point for condos in Palo Alto, but it was ony one bedroom. 
We had a ... more

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