Palo Alto Real Estate Market Update 4/7/2013
By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 27 single family Palo Alto homes for sale up from 16 last week. There are currently 5 Palo Alto town homes/condos for sale, up from 4 last week. There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week. There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week. In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb., ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well. In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb., rangi...
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