Palo Alto Ca Real Estate Market Update 3/2/2013

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194

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 28 single family Palo Alto homes for sale up from 26 last week.

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

There are currently 23 pending sales of Palo Alto single family homes, up from 19 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, up from 9 last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan. 

 

These numbers are still low, but a little better than last week, so 2 weeks in a row of samll improvement. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.

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

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

 

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Rainer
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Marcia Hawken
WILLIAM RAVEIS - Naples, FL
Naples Luxury Specialist

Glad to see things are starting to improve. We are seasonal in Naples but we are finding the absoption rate is fantastic.  We are almost to bidding wars!

Mar 04, 2013 04:35 AM #1
Rainmaker
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Marcy Moyer
eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA
Probate, Trust, and Investment Specialist

Be careful what you wish for. Bidding wars sound exciting but they are very frustrating.

Mar 04, 2013 04:41 AM #2
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Rainmaker
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Marcy Moyer

Probate, Trust, and Investment Specialist
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