Palo Alto Real Estate Report: Homes Listed and Sold - Week of 1/13/2012 (Published on Fridays)
While the number of new listings and homes sold remain low, we feel a lot of energy in the market with a strong push upwards in the prices. We got a first glimpse of things to come with a listing of the home at 769 Rosewood Dr. A 2 bedrooms, 2 bathrooms house is located on 8775 sq. ft. lot close to Midtown shops. According to the rumors, it was sold with 20 offers at more than 45% over the asking price. With closing expected to be on 1/20/2012, we will be able to get more details about the sale soon. The week numbers:
- 11 homes were listed this week, 8 single family homes and 3 condos. The inventory is still very low with only 36 homes available for sale in Palo Alto.
- 5 new contracts were accepted and homes went into pending state, including the on Rosewood Dr. that I mentioned at the beginning.
- 4 homes closed escrows this week and went to the new owners.
- No homes 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** |
| 185 WALTER HAYS DR | Active | 3 | 2 | $1,398,000 | $1,398,000 | 1/12/2012 | 0 | ||
| 3743 REDWOOD CIR | Active | 3 | 2 | $1,149,000 | $1,149,000 | 1/12/2012 | 0 | ||
| 1236 COLLEGE AVE | Active | 5 | 4+ | $2,795,000 | $2,795,000 | 1/12/2012 | 0 | ||
| 861 NEWELL PL | Active | 4 | 3 | $1,999,000 | $1,999,000 | 1/11/2012 | 1 | ||
| 651 E MEADOW DR | Active | 5 | 3 | $1,267,000 | $1,267,000 | 1/10/2012 | 2 | ||
| 3187 ALEXIS DR | Active | 4 | 3.5 | $5,250,000 | $5,250,000 | 1/10/2012 | 2 | ||
| 581 MARION AVE | Active | 2 | 1 | $1,050,000 | $1,050,000 | 1/9/2012 | 3 | ||
| 100 FERNE AVE | Active | 2 | 2 | $499,000 | $499,000 | 1/12/2012 | 0 | ||
| 2460 W BAYSHORE RD UNIT 2 | Active | 2 | 1 | $369,500 | $369,500 | 1/6/2012 | 6 | ||
| 2466 W BAYSHORE RD UNIT 3 | Active | 2 | 1 | $368,900 | $368,900 | 1/6/2012 | 6 | ||
| 769 ROSEWOOD DR | Pending | 2 | 2 | $1,050,000 | $1,050,000 | 1/7/2012 | 4 | 1/20/2012 | |
| 4277 PARK BL | Pending | 4 | 2 | $845,000 | $845,000 | 1/4/2012 | 3 | 3/30/2012 | |
| 746 SAN CARLOS CT | Pending | 2 | 2 | $820,000 | $820,000 | 12/10/2011 | 13 | 1/17/2012 | |
| 3726 CARLSON CIR | Pending | 4 | 2 | $1,288,000 | $1,275,000 | 11/9/2011 | 31 | 1/17/2012 | |
| 3395 LOUIS RD | Pending | 4 | 2 | $1,199,000 | $1,199,000 | 11/28/2011 | 44 | 2/10/2012 | |
| 3170 ROSS RD | Sold | 4 | 2.5 | $1,600,000 | $1,600,000 | $1,515,000 | 11/2/2011 | 26 | 1/4/2012 |
| 1220 HAMILTON AVE | Sold | 2 | 2.5 | $2,195,000 | $2,195,000 | $2,035,000 | 9/14/2011 | 79 | 1/10/2012 |
| 1137 FOREST AVE | Sold | 3 | 2 | $1,398,000 | $1,325,000 | $1,299,700 | 7/6/2011 | 160 | 1/6/2012 |
| 637 LYTTON AVE | Sold | 2 | 2 | $698,000 | $599,000 | $630,000 | 9/28/2011 | 77 | 1/10/2012 |
*DOM - Days On Market
**COE - Close Of Escrow
