•· Palo Alto Ca Single Family Home Market Update 07-19-09
•· As of today this is the snapshot of the Palo Alto single family home market:
122 Active listings
36 Pending sales
What does this mean? The inventory of active listings increased by 4 and pending sales decreased by 21. That is a big decrease over 2 weeks and may indicate a slowing of the market, or it is possible that it may be a reflection of the ability of banks to close escrows a little faster than they had been able to earlier in the year. I will know more after a few more weeks. If the inventory increases then it is because of a slow down. The over 2 million market took a hit with 40 active listings and 7 pending sales which is not as good as in the last 2 months . Under 2 million there are 82 active listings and 29 pending sales, putting the ratio back over 1 to 2.5 . I do not know if this is temporary, or a trend, but will let you know when I have an opinion about
•· If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
DRE 01191194
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