Palo Alto Real Estate Market Update Feb 17, 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 24 single family Palo Alto homes for sale down from 25 last week. There are currently 7 Palo Alto town homes/condos for sale, down from 8 last week. There are currently 14 pending sales of Palo Alto single family homes, the same as last week. There are currently 9 pending sales of Palo Alto Town homes/Condos, up from 8 last week. In Jan of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,999,000 to $6,500,000. In Jan of 2013 there were 7 Palo Alto Town Homes/Condos sold ranging in price from $500,000 to $938,000 These numbers are low, but not really worse than last week. I am hoping ...
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