As of today this is the snapshot of the Palo Alto single family home market:
125 Active listings
58 Pending sales
What does this mean? The inventory of active listings decreased by 9 and pending sales have decreased by 2. Now we're getting even closer to a 1 to 2 ratio which is pretty good news. During 2006 we were at 1 to 1. Again, the over 2 million market is a little better with 42 active listings and 13 pending sales which is almost unchanged from last week. Under 2 million there are 83 active listings and 45 pending sales, putting the ration at slightly better than to 1 to 2 which is definitely an improvement. Overall, things are a little better than they were a few months ago, and even better than a few weeks ago with more realistic sellers and more qualified buyers. This is traditionally the busiest selling time so it will be interesting to see if the improvement holds into the summer months which tend to be a little slower in this area. The inventory is less this week, so again, it will be interesting to see if this continues.
Solds will be separate again.
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
www.marcymoyer.com
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