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Elena Talis' Blog

By Elena Talis | Broker in Palo Alto, CA

Week of 12/14/2012 - Homes Listed and Sold in Palo Alto

The fiscal cliff situation casts a shadow of unsertainty over the real estate markets.  Some home owners are rushing to sell their homes before the end of the year to avoid expected increases in the capital gain taxes.  At the same time some buyers are staying off the market waiting to see if the mortgage interest deductions stay intact.  Combination of these factors creates a unique market environment that presents multipple opportunities for both buyers and sellers.  The week in numbers:

  • 4 new listings were put on the market this week - 3 single family homes and 1 condo.  Same week last year also 4 new properties were listed.  The number of new contracts outnumbered new listings again and pushed the inventory down to 28 units - 20 single family homes and 8 condos.r sale.  There were 34 homes in active state last week.
  • 12 new contracts were accepted this week, same number as last week.  The same week last year 13 homes went into pending state.
  • 14 escrows were closed this week.  Same week last year 13 homes went to the new owners.
  • 2 homes failed to sell and were taken off the market.

Contact Elena or Michael Talis at 650.714.4784 for professional advice and consultation.
To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Real Estate Market Weekly Reports.

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