Not enough inventory, plenty of buyers.
There are currently 25 single family Palo Alto homes for sale up from 25 last week.
There are currently 8 Palo Alto town homes/condos for sale, the same number as last week.
There are currently 14 pending sales of Palo Alto single family homes, up from 12 last week.
There are currently 8 pending sales of Palo Alto Town homes/Condos, up from 6 last week.
In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000.
In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000
These numbers are low, but better than last week. I am hoping they will be doubled by the end of February and triple by the end of March. I am an optimist. However, as this is a holiday week-end I expect a drop in inventory when I report next Monday and and increase the following week.
If you would like to search for homes for sale please feel free to visit my website for a custom search.
If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.