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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

We had 7 new listings of single family homes in Palo Alto as oppose to 17 the week before. 16 house changed status to pending as oppose to 9 the week before and 11 listings  closed escrow last week as oppose to 7 the week before.

The inventory is very low 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  at  above the asking price  but 4 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 : 7

Pending : 16

Sold : 11

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

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