Not enough inventory, plenty of buyers.
There are currently 24 single family Palo Alto homes for sale down from 26 last week.
There are currently 5 Palo Alto town homes/condos for sale, the same as last week.
There are currently 35 pending sales of Palo Alto single family homes, up from 32 last week.
There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 11 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, and not any better numbers of single family homes for sale than last week. Let's hope this trend goes up. I still expect an increase in inventory, but possibly not til 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.
If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.