Palo Alto Real Estate Market Update Feb 17, 2013

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/QQR

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 24 single family Palo Alto homes for sale down from 25 last week.

There are currently 7 Palo Alto town homes/condos for sale, down from 8 last week.

There are currently 14 pending sales of Palo Alto single family homes, the same as last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos, up from 8 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 not really worse 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 expected a drop in inventory which did not happen so I will take that as good news.

If you would like to search for homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=1359953266454

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

D.R.E. 01191194

650-619-9285

Posted by

Marcy Moyer eXp Realty of California  Specializing in Probate and Trust Sales, and Rental Investment Properties

 

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