Palo Alto Ca Real Estate Market Update June 23, 2013

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 42 single family Palo Alto homes for sale up from 38 last week.

There are currently 7 Palo Alto town homes/condos for sale, the same as last week.

There are currently 29 pending sales of Palo Alto single family homes, up from 26 last week.

There are currently 6 pending sales of Palo Alto Town homes/Condos, down from 11 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March. The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

We had a nice little increase in inventory this week with an increase in pending sales as well. I believe this trend will continue and we finally hit 42 single family homes for sale as more sellers seem to coming into the market. Now 42 homes for sale is still a strong seller's market, but it is not a ridiculous seller's market. Anything between 40 and 60 is typical seller's market for Palo Alto and over 90 is a buyer's market. I am concerned that as we come on to 4th of July week-end the number of active listings will drop again, but hopefully will pick up after Jully 7th.  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 homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=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

Palo Alto Ca Real Estate Market Update 6/15/2013

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 38 single family Palo Alto homes for sale up from 34 last week.

There are currently 7 Palo Alto town homes/condos for sale, the same as last week.

There are currently 26 pending sales of Palo Alto single family homes, down from 30 last week.

There are currently 11 pending sales of Palo Alto Town homes/Condos, down from 10 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March. The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

We had a nice little increase in inventory this week with a decrease in pending sales. I believe this trend will continue and still hope that in June and July may see weekly homes in the 40's as more sellers seem to coming into the market. Right now at 38 single family homes for sale we are so close to 40 I think we may get there by next week. Now 40 homes for sale is still a strong seller's market, but it is not a ridiculous seller's market. 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 homes for sale please feel free to visit my website for a custom search.

http://marcymoyer.com/OnlineSearchRequest2?operation=choose_mls&timestamp=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

Palo Alto Ca Real Estate Market Update 6/9/2013

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 34 single family Palo Alto homes for sale up from 27 last week.

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

There are currently 30 pending sales of Palo Alto single family homes, down from 37 last week.

There are currently 10 pending sales of Palo Alto Town homes/Condos, down from 15 last week.

In April of 2013 there were 46 single family Palo Alto homes sold, about 50% more than in March. The prices ranged from $1,050,000 to $10,000,000. No homes under a million is significant.

In April of 2013 there were 9 Palo Alto Town Homes/Condos sold, down 3 from March.  The prices ranged from $785,000 to $1,350,000. This is a high starting price point for condos as well. 

This week the lowest price listing of a single family home is $1,099,000 which is higher than the lowest priced sale in April. Since most homes get multiple offers and sell higher than list price it is reasonable to expect that the lowest priced sale could be over $100,000 higher than the lowest sale  in all of April. In other words, the market is still appreciating.

We had a nice little increase in inventory this week with a decrease in pending sales. I believe this trend will continue and still hope that in June and July may see weekly homes in the 40's as more sellers seem to coming into the market. 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&timestamp=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

Palo Alto Real Estate Market Update 4/7/2013

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 27 single family Palo Alto homes for sale up from 16 last week.
There are currently 5 Palo Alto town homes/condos for sale, up from 4 last week.
There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week.
There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week.
In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.
In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb.

This is a nice increase in single family homes for sale since last week. Some of the increase is due to a hold off in listing because of Easter/Passover. If we can get in the 30's next week I will be happy. I still expect an increase in inventory, but possibly not til late spring or early summer til 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&timestamp=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

Palo Alto Ca Real Estate Market Update 4/1/2013

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 16 single family Palo Alto homes for sale down from 24 last week.
There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week.
There are currently 42 pending sales of Palo Alto single family homes, up from 35 last week.
There are currently 8 pending sales of Palo Alto Town homes/Condos, the same as last week.
In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well.
In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., ranging in price from $430,000 to $1,600,000. This is also a much broader price range than in Feb.

These numbers are very low, but it was Easter/Passover, so I am not surprised. Let's hope this trend goes up. I still expect an increase in inventory, but possibly not til late spring or early summer till we see a significant difference. What I think is significant is that even though the week;y inventory remains low, the total sales have increased dramatically which means more homes are coming on the market, they are just selling faster.

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&timestamp=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

Palo Alto Real Estate Market 3/24/2013

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 24 single family Palo Alto homes for sale down from 26 last week.
There are currently 5 Palo Alto town homes/condos for sale, the same as last week.
There are currently 35 pending sales of Palo Alto single family homes, up from 32 last week.
There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 11 last week.
In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.
In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

These numbers are still low, and not any better numbers of single family homes for sale than last week. Let's hope this trend goes up. I still expect an increase in inventory, but possibly not til 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&timestamp=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

Palo Alto Ca Real Estate Market Update 3/18/2013

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 18 last week.
There are currently 5 Palo Alto town homes/condos for sale, down from 5 last week.
There are currently 32 pending sales of Palo Alto single family homes, up from 31 last week.
There are currently 11 pending sales of Palo Alto Town homes/Condos, the same as last week.

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

These numbers are still low, but better numbers of single family homes for sale than last week. Let's hope this trend continues. 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&timestamp=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

Palo Alto Ca Real Estate Market Update 3/10/2013

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 18 single family Palo Alto homes for sale down from 28 last week.
There are currently 8 Palo Alto town homes/condos for sale, the same as last week.
There are currently 31 pending sales of Palo Alto single family homes, up from 23 last week.
There are currently 11 pending sales of Palo Alto Town homes/Condos, up from 10 last week.
In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.
In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.

These numbers are still low, with even fewer single family homes for sale than last week, so reversing the trend of 2 weeks in a row of small improvement. 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&timestamp=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

Palo Alto Ca Real Estate Market Update 3/2/2013

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 28 single family Palo Alto homes for sale up from 26 last week.

There are currently 8 Palo Alto town homes/condos for sale, up from 7 last week.

There are currently 23 pending sales of Palo Alto single family homes, up from 19 last week.

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

In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000.

In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan. 

These numbers are still low, but a little better than last week, so 2 weeks in a row of samll improvement. 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&timestamp=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

Palo Alto Real Estate Market Update Feb 17, 2013

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 24 single family Palo Alto homes for sale down from 25 last week.
There are currently 7 Palo Alto town homes/condos for sale, down from 8 last week.
There are currently 14 pending sales of Palo Alto single family homes, the same as last week.
There are currently 9 pending sales of Palo Alto Town homes/Condos, up from 8 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 low, but not really worse than last week. I am hoping they will be doubled by the end of February and triple by the end of March. I am an optimist. However, as this is a holiday week-end I expected a drop in inventory which did not happen so I will take that as good news.
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&timestamp=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