Sunday, April 11, 2010

Palo Alto Market Update, April 11th: Single Family Homes

Here is today's snapshot of the Palo Alto market for single family homes:

77 Active listings
46 Pending sales

Breakdown of Price Points:

Under 1 million: 9 Active Listings / 10 Pending Sales
1 to 1.5 Mil: 28 Active Listings/ 15 Pending Sales
1.5-2 mil: 16 Active Listings/ 8 Pending Sales
2-3 Million 13 Active listings/ 8 Pending Sales
3+ mil: 12 Active Listings/ 3 Pending Sales
What does mean? The market overall is pretty healthy. There is virtually no change since my last update on 3/3/10. Under 1 million is very competitive, 1-2 million is trending seller’s market, but most surprisingly, 2-3 million is pretty healthy again this week which I will now declare a trend. Over 3 million is still anemic and probably the best chance for a bargain. So it seems there are still a lot of people who want to move to Palo Alto, and there is completion for homes.
· 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
DRE 01191194

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