Palo Alto, Ca. Single Family Home Market Update 03-24-09
As of today this is the snap shot of the Palo Alto market:
137 Active Listings
25 Pending Sales
6 closed sales since 3/16/09
Here are the solds:
| Address | City | Beds | Bath | DOM | CDOM | LOE | SqFt | $/SqFt | Lot(SqFt) | List Price | Age | Sale Price |
| | ||||||||||||
| SOLD | | | | | | | | | | | | |
| 832 Waverley St | Palo Alto | 3 | 3 1/2 | 7 | 7 | 21 | 2,403 | $871.83 | 4,356 | $2,095,000 | 4 | $2,095,000 |
| 4270 Wilkie | Palo Alto | 5 | 4+ | 15 | 32 | 38 | 3,312 | $581.22 | 8,316 | $1,995,000 | 1 | $1,925,000 |
| 4272 Wilkie Wy | Palo Alto | 5 | 4+ | 7 | 7 | 42 | 3,345 | $575.49 | 8,000 | $2,100,000 | | $1,925,000 |
| 1111 Cedar St | Palo Alto | 1 | 1 | 5 | 5 | 8 | 695 | $2,726.62 | 10,000 | $1,895,000 | 99 | $1,895,000 |
| 1638 Portola Av | Palo Alto | 4 | 2 | 51 | 51 | 45 | 2,112 | $781.25 | 5,250 | $1,750,000 | 81 | $1,650,000 |
| 1252 Cedar St | Palo Alto | 2 | 1 | 44 | 307 | 78 | 989 | $1,314.46 | 8,109 | $1,588,000 | 85 | $1,300,000 |
| 2321 Oberlin St | Palo Alto | 5 | 3 1/2 | 102 | 102 | 16 | 4,000 | | 6,250 | $2,695,000 | 1 | - - |
| | ||||||||||||
| AVERAGE VALUES | | | 33 | 73 | 35 | 2,408 | $1,141.81 | 7,183 | $2,016,857 | 45 | $1,798,333 | |
4270 Wilkie originally listed at $2,425,000.
1111 Ceder originally listed at $2,137,000.
1638 Portola originally listed at $1,800,000.
What does this mean?
Active listings are up and pending sales are steady. What strikes me is that active sales are up during the week of spring break for Palo Alto schools, traditionally a week when the inventory does not increase. It is another sign that this market is not like other markets we have experienced in Palo Alto. In the past, when sellers expected their homes to sell in a week, they would not usually list during a week where many families were out of town. Now, sellers don’t expect a quick sale, and many families are not going away any way.
If you are interested in finding the final selling price of any home, anywhere, you can do it on my web site. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address next to the search icon and get the county records.
If you need anything else please feel free to contact me. I am here to help you.
Marcy Moyer Intero Real Estate
650-619-9285
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