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 26 single family Palo Alto homes for sale up from 24 last week.
There are currently 7 Palo Alto town homes/condos for sale, the same number as last week.
There are currently 19 pending sales of Palo Alto single family homes, up from 14 last week.
There are currently 9 pending sales of Palo Alto Town homes/Condos, the same as last week.
In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000.
In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000
These numbers are still low, but a little better than last week. I was hoping they will be doubled by the end of February and triple by the end of March but as of now that seems unlikely. I still expect an increase in inventory, but possibly not till late spring or early summer till we see a significant difference.
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×tamp=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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