Home Selling in Palo Alto>Question Details

Jonp, Other/Just Looking in Palo Alto, CA

Did anyone notice how fast 3490 Bryant St. sold?

Asked by Jonp, Palo Alto, CA Fri Aug 28, 2009

It was on MLS just half a day and it is already "pending without release". It was listed for $1.7M in Midtown, 3000 square feet on 6000 sq ft lot. Is this ia sign of market recovery or merely unique to this particular house?

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Jonp,

This house was on the market for ages. The initial listing was at $1.9M and it sat there unsold for months, even after they cut the price. It was a good example of a house priced at 2006-07 levels despite the severe weakening of the market.

I took a look at it: Pros: very big, some nice--but not too new--furnishings. Cons: small lot, on a crowded, busy part of Bryant (cars parked all over the narrow street), over-priced, tired exterior, idiosyncratic layout downstairs.
0 votes Thank Flag Link Tue Sep 1, 2009
Oy, man, you need to get out some.
0 votes Thank Flag Link Tue Sep 1, 2009
That home had been on the market earlier this year. The home was pulled off the MLS. It very well may have been continued to be marketed internally or amongst other brokers who knew it was available. The market in Palo Alto is not a 1 day market by any means, especially in the 1.5+ price range. There are some other homes in similar situations that are also "available" and at the same time not on the MLS. Very common in the higher end.
0 votes Thank Flag Link Fri Aug 28, 2009
Mario Pinedo,…, Real Estate Pro in Cupertino, CA
MVP'08
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It was actually listed earlier this year for $1,649,000 and pulled off the market in July. Same listing firm so they probably got a deal set up with previous interested party. I don't think someone ran out that day and made an offer. Interesting they have the listing price higher now.

Glen
0 votes Thank Flag Link Fri Aug 28, 2009
There is a buyer for every house. Real estate in Houston is HOT. It is a great time to buy and sell here. I personally have not missed a beat.. it has been a great year. Much of the news of DOOM AND GLOOM.. is not about Houston. Yes, there have been those hurt by recession, but for the most part we still have people experiencing life changing events that turns into a sale or purchase. We were projected to have over 1M people here in Houston.. and about 50% are already here. They are coming here for new jobs...
0 votes Thank Flag Link Fri Aug 28, 2009
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