Here's a link to last week's neighborhood-focused market update, so you can see how things have changed: Palo Alto Market Update, June 15th: With a Neighborhood Twist!
And here's another link to a market update I posted a year ago--it's really interesting to compare. Last June the number of pending and active sales were almost identical to this week's.... Palo Alto Market Update, June 27th (2009): Single Family Homes.
Marcy Moyer
Palo Alto CA Market Update, June 27th: With A Neighborhood Twist!
Active Listings: 110
Pending Sales: 49
There has been a jump in inventory this week ahead of the fourth of July holiday. Since there will not be a lot of new listings this week due to the holiday some of this inventory may be sold off, or maybe not. I will keep my eye on it.
I thought the neighborhood breakdown was interesting so I am going to do it again. So here is the neighborhood breakdown:
Downtown: 5 Active 2 Pending one less pending
Professorville: 3 Active 2 Pending exactly the same
Community Center: 6 Active 3 Pending more listings
Crescent Park: 5 Active 4 Pending one more pending
Green Gables: 9 Active 8 Pending one more active one less pending
Old Palo Alto: 11 Active 3 Pending one more pending
College Terrace: Active 8 Pending 4 two less listings
Ventura: 6 Active 1 Pending two more listings one less pending
Midtown: 15 Active 3 pending six more listings
South Palo Alto: 23 Active 14 Pending five more listings and one more pending
Barron Park: Active 10 Pending 0 one more listing one less pending
Green Acres: 4 Active 2 Pending two less listings
Palo Alto Hills: 5 Active 1 Pending one more listing
So what does this mean? Still better ratios in north than south. Barron Park is still slow. Crescent Park is better and Community Center worse than 2 weeks ago. I will keep this up for a while, so we can track the neighborhood trends.
Keller Williams Realty
D.R.E. 01191194
650-619-9285
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