•· Palo Alto Ca Single Family Home Market Update 09-29-09
•· As of today this is the snapshot of the Palo Alto single family home market:
107 Active listings
51 Pending sales
What does this mean? After a big increase in inventory after Labor Day the inventory has decreased by 10 and the pending sales have increased by 8. This is not because of long escrows because the average length of escrow in the last 3 months is 29 days. This is because there are so few short sales and bank owned properties in Palo Alto. These sales are the ones that take so long to close. The middle section of the market, homes listed between $900,000 and $1,500,000 are the ones with the most activity and offers. In this segment there are 40 active listings and 29 pending sales which is a great ratio. Interest rates are still low and there are certainly buyers out there wanting to living in Palo Alto, and now that prices have dropped 20% the market seems to be picking up.
•· 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
•· Palo Alto Ca Single Family Home Market Update 09-16-09
•· As of today this is the snapshot of the Palo Alto single family home market:
115 Active listings
43 Pending sales
What does this mean? There was a huge increase in inventory last week. The PA broker's tour was the biggest it had been all year. This may be a fluke as many people do not put their homes on the market in August so the first week after Labor Day has a lot of pent up sales. I will know more next week to see how the pending sales are doing. Are they still brisk or is there a slow down. Also it will be interesting to see how many new listings come on the market in the next 2 weeks If we continue to see huge increases then the gains in the market we saw over the summer will probably not hold. If the inventory does not continure to increase and pending sales keep up them we should go back to a healthy though not overheated market.
•· 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
•· Palo Alto Ca Single Family Home Market Update 09-06-09
•· As of today this is the snapshot of the Palo Alto single family home market:
86 Active listings
50 Pending sales
What does this mean? The inventory of active listings continues to decrease, and the pending sales continue to increase. I think that we are experiencing significant change in the under 2 million dollar market. We have seen a number of multiple offers in Palo Alto and I think by Sept we may start to see that there is an up tick in the prices in the lower than 2 million dollar market.
•· 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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Address |
City |
Beds |
Bath |
DOM |
LOE |
SqFt |
$/SqFt |
Lot(SqFt) |
List Price |
Age |
Sale Price |
|
|
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|
SOLD |
|
|
|
|
|
|
|
|
|
|
|
|
450 N California Av |
Palo Alto |
4 |
3 |
44 |
34 |
3,000 |
$866.67 |
8,400 |
$3,050,000 |
72 |
$2,600,000 |
|
730 Ashby Dr |
Palo Alto |
4 |
2 1/2 |
5 |
30 |
3,125 |
$704 |
7,150 |
$2,250,000 |
25 |
$2,200,000 |
|
3110 Bandera Dr |
Palo Alto |
4 |
3 1/2 |
161 |
28 |
3,943 |
$507.23 |
43,560 |
$2,499,000 |
35 |
$2,000,000 |
|
4272 Suzanne Dr |
Palo Alto |
4 |
3 |
36 |
39 |
2,568 |
$737.93 |
7,100 |
$1,998,000 |
16 |
$1,895,000 |
|
165 Hawthorne Av |
Palo Alto |
3 |
2 1/2 |
138 |
39 |
2,070 |
$850.24 |
4,056 |
$1,798,000 |
|
$1,760,000 |
|
1382 Forest Av |
Palo Alto |
1 |
1 |
60 |
7 |
2,071 |
$784.65 |
8,292 |
$1,695,000 |
68 |
$1,625,000 |
|
624 Wellsbury Wy |
Palo Alto |
4 |
2 1/2 |
49 |
41 |
2,405 |
$623.7 |
7,455 |
$1,549,000 |
52 |
$1,500,000 |
|
2321 Middlefield Rd |
Palo Alto |
3 |
2 1/2 |
13 |
30 |
2,375 |
$610.53 |
7,560 |
$1,395,000 |
63 |
$1,450,000 |
|
1837 Bryant St |
Palo Alto |
3 |
2 |
120 |
24 |
1,331 |
$1,014.27 |
5,000 |
$1,435,000 |
63 |
$1,350,000 |
|
3372 Middlefield Rd |
Palo Alto |
4 |
2 |
12 |
39 |
1,809 |
$717.52 |
8,220 |
$1,298,000 |
50 |
$1,298,000 |
|
2979 Clara Dr |
Palo Alto |
3 |
2 |
13 |
21 |
1,161 |
$1,049.96 |
6,708 |
$1,128,000 |
57 |
$1,219,000 |
|
129 Lundy Ln |
Palo Alto |
4 |
2 |
11 |
25 |
1,887 |
$625.33 |
9,672 |
$1,198,000 |
48 |
$1,180,000 |
|
440 Monroe Dr |
Palo Alto |
6+ |
4+ |
19 |
22 |
2,982 |
$395.71 |
8,100 |
$1,199,000 |
32 |
$1,180,000 |
|
1163 Lincoln Av |
Palo Alto |
3 |
2 |
36 |
36 |
1,360 |
$860.29 |
4,548 |
$1,295,000 |
83 |
$1,170,000 |
|
2290 Louis Rd |
Palo Alto |
2 |
2 1/2 |
103 |
30 |
1,335 |
$827.72 |
7,500 |
$1,125,000 |
59 |
$1,105,000 |
|
629 Kingsley Av |
Palo Alto |
3 |
2 |
247 |
18 |
1,531 |
$716.53 |
2,500 |
$1,100,000 |
94 |
$1,097,000 |
|
221 Maclane St |
Palo Alto |
3 |
1 |
102 |
5 |
1,002 |
$933.13 |
5,096 |
$950,000 |
57 |
$935,000 |
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AVERAGE VALUES |
|
|
69 |
28 |
2,115 |
$754.44 |
8,877 |
$1,586,000 |
55 |
$1,503,765 |
|
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Here are the closed sales in July. In the interest of time I am not checking for each individual original list price. If you have a question about a particular sale, or a comment just let me know and I will look into it.
The price average price per square foot last Aug was $1000. Big change.
Marcy Moyer
Intero Real Estate
650-619-9285
D.R.E. 01191194
•· Palo Alto Ca Single Family Home Market Update 08-25-09
•· As of today this is the snapshot of the Palo Alto single family home market:
94 Active listings
53 Pending sales
•· It has been a month since my last update. I apologize! No excuse really. Just needed a break. So here are my thoughts. The inventory is getting closer to buyer's market territory. Under 80 is definitely buyer's market in Palo Alto. I do not think we will necessarily get there soon because August is always a low inventory month. However the active pending ratio going below 2 to 1 is a sign to me that things are probably getting better for sellers. However if you look at the over and under 2 million break down things are still very uneven. There are 23 active listings over 2 million and 6 pending sales. Not a great ration, but not horrible, just short of 4 to 1. Under 2 million there are 71 active listings and 47 pending sales, better than 2 to one. What I find more interesting than the ratio of active to pending is the ration of over and under 2 million. There are more than 3 times the number of listing under 2 million as over, which for Palo Alto is a big change. It seems that Palo Alto has gone through a big correction without having had large numbers of short sales and foreclosures.
•· Sold stats will come next.
•·
•· 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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