Palo Alto Ca Real Estate Market Update 4/20/2013

By
Real Estate Agent with eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales B.R.E. 01191194
https://activerain.com/droplet/TL7

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 30 single family Palo Alto homes for sale down from 33 last week.

There are currently 11 Palo Alto town homes/condos for sale, up from 7 last week.

There are currently 45 pending sales of Palo Alto single family homes, up from 40 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, the same as last week.

In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.

In March of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb. 


This is a decrease in single family homes for sale since last week, but an increase in condos. We have a ways to go to get into the 40's by May which will make me correct in my expectation of an increase in inventory in the late spring/early summer.
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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