Palo Alto Real Estate Report: Homes Listed and Sold - Week of 2/3/2012 (Published on Fridays)
One month into the new year, Palo Alto real estate market is still in a winter hibernation mode. With very few new homes coming to the market, the prices are starting to move up pushing January median sold home price to $1,515,000. The January price per square foot of $899 was up 5.3% from $854 last month and up 19.1% from $755 in January of last year. The week in numbers:
- 10 homes were listed this week, 7 single family homes and 3 condos. The inventory is staying the same as last week with 49 active listings in Palo Alto.
- 6 new contracts were accepted and homes went into pending state. We believe that the market is being slowed down by the number of available homes for sale and, as more listing will be coming to market, we expect the rate of sales to increase.
- 6 escrows were closed this week.
- 1 home was taken of 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** |
| 3901 LAGUNA AVE | Active | 4 | 3 | $2,199,000 | $2,199,000 | 2/2/2012 | 0 | ||
| 2365 EMERSON ST | Active | 2 | 2 | $1,199,000 | $1,199,000 | 2/1/2012 | 1 | ||
| 2587 EMERSON ST | Active | 4 | 3 | $1,800,000 | $1,800,000 | 2/1/2012 | 1 | ||
| 895 ALLARDICE WAY | Active | 3 | 3 | $1,538,000 | $1,538,000 | 2/1/2012 | 1 | ||
| 900 N CALIFORNIA AVE | Active | 6+ | 4+ | $3,595,000 | $3,595,000 | 1/30/2012 | 3 | ||
| 947 VAN AUKEN CIR | Active | 3 | 1 | $949,000 | $949,000 | 1/29/2012 | 4 | ||
| 1003 CATHCART WAY | Active | 3 | 2 | $1,395,000 | $1,395,000 | 1/28/2012 | 5 | ||
| 4250 EL CAMINO REAL UNIT B120 | Active | 2 | 1 | $448,000 | $448,000 | 2/1/2012 | 1 | ||
| 101 ALMA ST UNIT 308 | Active | 2 | 2 | $499,950 | $499,950 | 2/1/2012 | 1 | ||
| 4228 RICKEYS WAY UNIT C | Active | 3 | 3 | $850,000 | $850,000 | 1/28/2012 | 5 | ||
| 445 GUINDA ST | Pending | 2 | 1 | $1,195,000 | $1,195,000 | 1/25/2012 | 7 | 2/8/2012 | |
| 3180 MORRIS DR | Pending | 3 | 2 | $1,098,000 | $1,098,000 | 1/25/2012 | 8 | 3/10/2012 | |
| 1030 GREENWOOD AVE | Pending | 4 | 3 | $1,999,000 | $1,999,000 | 1/21/2012 | 11 | 3/2/2012 | |
| 812 LINCOLN AVE | Pending | 4 | 1.5 | $1,599,000 | $1,599,000 | 1/17/2012 | 10 | 2/3/2012 | |
| 1236 COLLEGE AVE | Pending | 5 | 4+ | $2,795,000 | $2,795,000 | 1/12/2012 | 7 | 2/15/2012 | |
| 4054 BEN LOMOND DR | Pending | 3 | 2 | $1,399,000 | $1,399,000 | 1/16/2012 | 17 | 2/10/2012 | |
| 2928 BRYANT ST | Sold | 2 | 1 | $1,098,000 | $1,098,000 | $1,523,000 | 1/1/2012 | 13 | 1/31/2012 |
| 746 SAN CARLOS CT | Sold | 2 | 2 | $820,000 | $820,000 | $931,000 | 12/10/2011 | 13 | 1/28/2012 |
| 3665 RAMONA CIR | Sold | 4 | 2 | $1,489,000 | $1,489,000 | $1,489,000 | 12/7/2011 | 41 | 2/2/2012 |
| 434 FULTON ST | Sold | 2 | 1 | $995,000 | $995,000 | $950,000 | 11/15/2011 | 15 | 1/13/2012 |
| 154 BRYANT ST | Sold | 4 | 3.5 | $2,750,000 | $2,750,000 | $2,700,000 | 11/14/2011 | 37 | 1/27/2012 |
| 3905 PAGE MILL RD | Sold | 5 | 4+ | $1,498,000 | $1,498,000 | $1,450,000 | 8/1/2011 | 67 | 1/24/2012 |
| 3366 VERNON TE | Withdrawn | 5 | 4 | $2,288,000 | $2,288,000 | 10/02/11 | 121 |
*DOM - Days On Market
**COE - Close Of Escrow
