Palo Alto Ca Real Estate Market Update 5/18/2014

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. Only the problem, like the drought, is getting worse.

There are currently 28 single family Palo Alto homes for sale, down from 38 last week

.

There are currently 7 Palo Alto town homes/condos for sale, up from 4 last week.

There are currently 47 pending sales of Palo Alto single family homes up from 38 last week.

There are currently 5 pending sales of Palo Alto Town homes/Condos down from 6 last week.

Last week there were 11 new Palo Alto single family home listings and 3 new Palo Alto condo listings. Basically the pending sales are more than keeping up with the new listings.  

In April of 2014 there were 45 single family Palo Alto homes sold.  The prices ranged from $1,670,000  to over $7,500,000. The home for over 7,500,000 withheld the sales price.  Of the 45 sales, 18 were all cash. That is just about 33% which seems to be about the norm.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In April of 2014 there were 12 Palo Alto Town Homes/Condos sold,   The prices ranged from $580,000 to $1,850,000. Nine of these sales were financed and 3 were cash. 

Traditionally the market picks up in March and April and we saw flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and sellers would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 5/4/2014 Happy Star Wars Day!

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. Only the problem, like the drought is getting worse.

There are currently 38 single family Palo Alto homes for sale, the same as last week

.

There are currently 4 Palo Alto town homes/condos for sale, the same as last week.

There are currently 38 pending sales of Palo Alto single family homes down from 39 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos the same as last week.

Last week there were 15 new Palo Alto single family home listings and 1 new Palo Alto condo listings. This is a 25% drop from the week before in SFR lisitngs.  

In April of 2014 there were 45 single family Palo Alto homes sold.  The prices ranged from $1,670,000  to over $7,500,000. The home for over 7,500,000 with held the sales price.  Of the 45 sales 18 were all cash. That is just about 33% which seems to be about the norm.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In April of 2014 there were 12 Palo Alto Town Homes/Condos sold,   The prices ranged from $580,000 to $1,850,000. Nine of these sales were financed and 3 were cash. 

Traditionally the market picks up in March and April and we saw flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 4/28/14

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. Only the problem, like the drought is getting worse.

There are currently 38 single family Palo Alto homes for sale, up from 26 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week.

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos up from 5 last week.

Last week there were 20 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This is the highest number of new single family home listings all year.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update April 20,2014

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. Only the problem, like the drought is getting worse.

There are currently 26 single family Palo Alto homes for sale, down from 41 last week

.

There are currently 5 Palo Alto town homes/condos for sale, up from 3 last week.

There are currently 39 pending sales of Palo Alto single family homes the same as last week.

There are currently 5 pending sales of Palo Alto Town homes/Condos down from 9 last week.

Last week there were 4 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This drop is expected as it is Easter Week-end.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were either at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 4/13/2014

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. Only the problem, like the drought is getting worse.

There are currently 41 single family Palo Alto homes for sale, up from 28 last week

.

There are currently 3 Palo Alto town homes/condos for sale, down from 4 last week.

There are currently 39 pending sales of Palo Alto single family homes up from 28 last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos down from 11 last week.

Last week there were 19 new Palo Alto single family home listings and 2 new Palo Alto condo listings. This is the largest number of new listings for single family homes all year.  

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real estate Market Update 4/6/2014

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. Only the problem, like the drought is getting worse.

There are currently 28 single family Palo Alto homes for sale, up from 25 last week

.

There are currently 4 Palo Alto town homes/condos for sale, down from 6 last week.

There are currently 28 pending sales of Palo Alto single family homes down from 31 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos up from 8 last week.

Last week there were 8 new Palo Alto single family home listings and 1 new Palo Alto condo listings. This is the first time in a month that the number of new listings went down. It may be because it was spring break for the Palo Alto School district.

In March. of 2014 there were 23 single family Palo Alto homes sold.  The prices ranged from $1,550,000  to $7,500,000. The home for 1,550,000 was an off market sale. Of the 23 sales 10 were all cash. That is a very high percentage.  Most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In March of 2014 there were 13 Palo Alto Town Homes/Condos sold,   The prices ranged from $575,000 to $2,050,000. Eleven of these sales were financed and 2 were cash. It appears that condos in Palo Alto are not considered great investments by cash investors.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 3/29/2014

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. Only the problem, like the drought is getting worse.

There are currently 25 single family Palo Alto homes for sale, the same as last week

.

There are currently 6 Palo Alto town homes/condos for sale, up from 3 last week.

There are currently 31 pending sales of Palo Alto single family homes up from 20 last week.

There are currently 8 pending sales of Palo Alto Town homes/Condos down from 10 last week.

Last week there were 12 new Palo Alto single family home listings and 3 new Palo Alto condo listings. That is a jump over the last 3 weeks and hopefully a trend.

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update March 22, 2014

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. Only the problem, like the drought is getting worse.

There are currently 32 single family Palo Alto homes for sale, up from 25 last week

.

There are currently 5 Palo Alto town homes/condos for sale, up from 3 last week.

There are currently 19 pending sales of Palo Alto single family homes down from 20 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos the same as last week.

Last week there were 14 new Palo Alto single family home listings and 4 new Palo Alto condo listings. That is a big jump over the last 3 weeks and hopefully a tred.

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Real Estate Market Update 3/16/2014

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. Only the problem, like the drought is getting worse.

There are currently 25 single family Palo Alto homes for sale, up from 21 last week

.

There are currently 3 Palo Alto town homes/condos for sale, down from 6 last week.

There are currently 20 pending sales of Palo Alto single family homes down from 21 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos up from 9 last week.

Last week there were 11 new Palo Alto single family home listings and 1 new Palo Alto condo listings. That is a jump over the last 2 weeks and hopefully a tred.

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In Feb. of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285

Palo Alto Ca Real Estate Market Update 3/9/2014

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. Only the problem, like the drought is getting worse.

There are currently 21 single family Palo Alto homes for sale, up from 18 last week

.

There are currently 6 Palo Alto town homes/condos for sale, down from 8 last week.

There are currently 21 pending sales of Palo Alto single family homes up from 17 last week.

There are currently 9 pending sales of Palo Alto Town homes/Condos down from 10 last week.

Last week there were 10 new Palo Alto single family home listings and 1 new Palo Alto condo listings. That is a jump from the last few weeks and hopefully a tred.

In Feb. of 2014 there were 17 single family Palo Alto homes sold.  The prices ranged from $1,225,000  to $6,0000,000. The lot on the 1.2 mil sale was less than 3000 square feet. Of the 17 sales only 9 were all cash which is not a healthy sign that the sales of Palo Alto homes are not being purchased by foreign investors. However, most of the cash sales were wither at the very high end or tear downs so that is not too unusual. 

In January of 2014 there were 4 Palo Alto Town Homes/Condos sold,   The prices ranged from $1,255,000 to $1,410,000. Two of these sales were financed and 2 were cash. One of the cash sales was for a condo in a senior development so it is typical for there not to loans on those.

Traditionally the market picks up in March and April and we are seeing flickers of that. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market.   As you can see, the chances of a buyer's market in the near future look slim, but if we could just have enough inventory that all the serious buyers could eventually win a bid I would be happy and seller's would still reap their appreciation.   If you would like to search for Palo Alto homes for sale please click here.

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

Ca B.R.E. 01191194

650-619-9285