Palo Alto Real Estate Report: Homes Listed and Sold - Week of 1/20/2012 (Published on Fridays)
Today should be the first rainy day of the year. Even though we need rain, the warm and sunny weather was a treat. The open houses were busy and new listings attracted a lot of attention. One of the homes that was listed last week received 13 offers. The interest rates continued their decline and, for the seventh consecutive week, 30-year fixed rate stayed below 4%. The week in numbers:
- 13 homes were listed this week, 11 single family homes and 2 condos. The inventory is still very low with only 40 homes available for sale in Palo Alto.
- 12 new contracts were accepted and homes went into pending state.
- Only one home closed escrow this week. Keep in mind that the close of escrow usually happens 30 days after the contract being negotiated. This low numbe is a direct result of holiday slowdown at the end of December.
- 2 homes failed to sell and were taken off the market.
If you are planning to sell your home in 2012, now is the time to plan to prepare your home and pick the best sales strategy for you. Contact Elena or Michael Talis at 650.766.6100 for professional advice and consultation.
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| Street Address | Status | Bed | Bath | Orig. List Price | List Price | Sale Price | List Date | DOM* | COE** |
| 3858 MAGNOLIA DR | Active | 4 | 2.5 | $1,849,000 | $1,849,000 | 1/19/2012 | 0 | ||
| 2340 DARTMOUTH ST | Active | 6+ | 4+ | $2,795,000 | $2,795,000 | 1/19/2012 | 0 | ||
| 3502 EMMA CT | Active | 4 | 3 | $2,395,000 | $2,395,000 | 1/19/2012 | 0 | ||
| 3500 EMMA CT | Active | 4 | 3.5 | $2,250,000 | $2,250,000 | 1/19/2012 | 0 | ||
| 1734 FULTON ST | Active | 4 | 4+ | $5,250,000 | $5,250,000 | 1/18/2012 | 1 | ||
| 715 SEMINOLE WAY | Active | 3 | 2 | $1,085,000 | $1,085,000 | 1/18/2012 | 1 | ||
| 2615 COWPER ST | Active | 4 | 3.5 | $2,295,000 | $2,295,000 | 1/18/2012 | 1 | ||
| 812 LINCOLN AVE | Active | 4 | 1.5 | $1,599,000 | $1,599,000 | 1/17/2012 | 2 | ||
| 4054 BEN LOMOND DR | Active | 3 | 2 | $1,399,000 | $1,399,000 | 1/16/2012 | 3 | ||
| 240 FOREST AVE | Active | 2 | 2 | $899,000 | $899,000 | 1/19/2012 | 0 | ||
| 1112 TRINITY LN UNIT 66 | Active | 3 | 2.5 | $900,000 | $900,000 | 1/19/2012 | 0 | ||
| 861 NEWELL PL | Pending | 4 | 3 | $1,999,000 | $1,999,000 | 1/11/2012 | 6 | 2/23/2012 | |
| 581 MARION AVE | Pending | 2 | 1 | $1,050,000 | $1,050,000 | 1/9/2012 | 8 | 2/8/2012 | |
| 3258 EMERSON ST | Pending | 4 | 3 | $1,795,000 | $1,795,000 | 1/2/2012 | 11 | 2/3/2012 | |
| 2928 BRYANT ST | Pending | 2 | 1 | $1,098,000 | $1,098,000 | 1/1/2012 | 13 | 1/28/2012 | |
| 264 CHANNING AVE | Pending | 3 | 3 | $1,899,000 | $1,699,000 | 11/9/2011 | 65 | 2/29/2012 | |
| 1135 WEBSTER ST | Pending | 2 | 1 | $1,350,000 | $1,350,000 | 1/19/2012 | 0 | 3/1/2012 | |
| 1236 COLLEGE AVE | Pending | 5 | 4+ | $2,795,000 | $2,795,000 | 1/12/2012 | 7 | 2/15/2012 | |
| 3665 RAMONA CIR | Pending | 4 | 2 | $1,489,000 | $1,489,000 | 12/7/2011 | 41 | 2/14/2012 | |
| 4060 MANZANA LN | Pending | 6+ | 4+ | $4,250,000 | $4,250,000 | 9/6/2011 | 134 | 2/27/2012 | |
| 602 CHIMALUS DR | Pending | 4 | 3 | $1,750,000 | $1,689,000 | 8/12/2011 | 159 | 3/1/2012 | |
| 455 GRANT AVE UNIT 11 | Pending | 3 | 2 | $795,000 | $659,000 | 7/20/2011 | 182 | 2/15/2012 | |
| 153 S CALIFORNIA AVE UNIT F203 | Pending | 2 | 1.5 | $598,000 | $598,000 | 1/4/2012 | 9 | 2/12/2012 | |
| 554 KINGSLEY AVE | Sold | 5 | 3.5 | $4,000,000 | $4,000,000 | $3,800,000 | 11/16/11 | 12 | 1/13/2012 |
| 657 CHANNING AVE | Canceled | 3 | 2 | $2,950,000 | $2,095,000 | 1/16/2012 | 3 | ||
| 2615 COWPER ST | Canceled | 4 | 3.5 | $2,388,000 | $2,388,000 | 12/7/2011 | 42 |
*DOM - Days On Market
**COE - Close Of Escrow
