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Samia Cullen's Blog

Bay Area Silicon Valley - Mid Penninsula Market Activity and Trends

By Samia Cullen | Agent in Palo Alto, CA

WEEK IN REVIEW: ACTIVE NEW LISTINGS, PENDING AND SOLD LISTINGS IN PALO ALTO

Our inventory is getting better. We had 15 new listings of single family homes in Palo Alto last week as oppose to 8 the week before. 6 houses changed status to pending last week as oppose to 5 the week before and 13 listings and 8 closed escrow the same as the week before.


Since the inventory is slightly better and we are still seeing multiple offers in the price range of $1.3 Million - $3 Million. All listings that closed escrow this week sold significantly above the asking price but 3 confirming a continuing strong market. The market remains a seller market.

If you are thinking about selling your home, it is the time to contact your realtor to establish a plan to sell your home.

Following is the detailed market activity for Palo Alto:

Active : 15

Pending : 6

Sold : 13

For further details please click on the following link: http://paloaltoproperties.blogspot.com

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