Palo Alto Ca REal Estate Market Update 5/11/2013

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

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

There are currently 12 Palo Alto town homes/condos for sale, up from 8 last week.

There are currently 36 pending sales of Palo Alto single family homes, down from 41 last week.

There are currently 12 pending sales of Palo Alto Town homes/Condos, the same as last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 


The inventory is just slighly better than last week, for the second week in a row which is a good sign.  We have a long ways to go to get into the 40's by May which makes me believe my expectation of a significant increase in inventory in the late spring/early summer may not happen. I
f 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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Rainmaker
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Annette Thor
Connecticut Homes and Commercial Fairfield Cty,CT reinct.com - Westport, CT
Residential & Commercial Real Estate Broker in CT

Hot market Marcy, no homes under a million- Wow! 

May 11, 2013 10:55 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

I know. It is a very tough market for many buyers.

May 11, 2013 10:58 AM #2
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Rainmaker
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Marcy Moyer

Probate, Trust, and Investment Specialist
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