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Samia Cullen's Blog

Bay Area Silicon Valley - Mid Penninsula Market Activity and Trends

By Samia Cullen | Home Buyer in Palo Alto, CA

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

We had 11 new listings of single family homes in Palo Alto last week as oppose to 19 the week before. 16 houses changed status to pending as oppose to 3 the week before and 7 listings  closed escrow last week as oppose to 5 the week before.

The inventory is slightly better but we are still seeing multiple offers in the price range of $1.3 Million - $2 Million. All listings that closed escrow this week sold  at or above the asking price  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 : 11

Pending : 16

Sold : 7
For further details please click on the following link: http://paloaltoproperties.blogspot.com

 
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