The week in numbers:

• 18 homes were listed this week, 15 single family homes and 3 condos.  It is 2 less than last week.  Same week last year 15 new homes were listed.  The inventory of homes available for sale slightly increased from last week reaching 66 units.
• 17 new contracts were accepted this week while a year ago 15 homes went into pending state.
• 12 escrows were closed this week wand 14 homes change owners same week a year ago.
• Only 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.
To receive Palo Alto Real Estate Report over e-mail follow this registration link.
To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Real Estate Market Weekly Reports.

Street Address	Status	Bed	Bath	Orig. List Price	List Price	Sale Price	List Date	DOM*	COE**
253 ADDISON AVE	Active	2	1	$985,000	$985,000		5/10/2012	0
760 MATADERO AVE	Active	4	3	$1,880,000	$1,880,000		5/10/2012	0
711 PAUL AVE	Active	4	2	$1,250,000	$1,250,000		5/10/2012	0
3675 LA CALLE CT	Active	3	3.5	$1,925,000	$1,925,000		5/10/2012	0
524 EVERETT CT	Active	2	2.5	$4,295,000	$4,295,000		5/10/2012	0
3544 EMERSON ST	Active	4	2	$1,395,000	$1,395,000		5/10/2012	0
2361 LOUIS RD	Active	3	2	$1,488,000	$1,488,000		5/10/2012	0
4303 MIRANDA AVE	Active	3	1	$1,499,000	$1,499,000		5/9/2012	1
450 EL ESCARPADO	Active	6+	4+	$3,350,000	$3,350,000		5/9/2012	1
380 WILTON AVE	Active	3	2	$1,195,000	$1,195,000		5/9/2012	1
1451 COWPER ST	Active	2	1	$1,195,000	$1,195,000		5/9/2012	1
878 MORENO AVE	Active	5	3	$2,498,000	$2,498,000		5/9/2012	1
956 ADDISON AVE	Active	5	3.5	$4,498,000	$4,498,000		5/9/2012	1
745 OREGON AVE	Active	2	1.5	$899,000	$899,000		5/8/2012	2
2051 WAVERLEY ST	Active	5	4+	$11,495,000	$11,495,000		5/4/2012	6
886 CHIMALUS DR	Active	4	3.5	$2,600,000	$2,600,000		5/2/2012	8
405 MARLOWE ST	Active	4	3	$2,495,000	$2,649,000		8/24/2011	260
455 GRANT AVE UNIT 12	Active	2	2	$600,000	$600,000		5/10/2012	0
435 SHERIDAN AVE UNIT 105	Active	2	2	$898,000	$898,000		5/9/2012	1
4250 EL CAMINO REAL UNIT 129	Active	1	1	$465,000	$465,000		5/9/2012	1
539 JEFFERSON DR	Pending	5	4+	$2,195,000	$2,195,000		5/2/2012	7	6/8/2012
1514 WALNUT DR	Pending	3	2	$1,395,000	$1,395,000		4/26/2012	8	5/24/2012
3395 LOUIS RD	Pending	4	2	$1,495,000	$1,495,000		4/26/2012	8	5/18/2012
3196 KIPLING ST	Pending	4	2	$1,498,000	$1,498,000		4/26/2012	8	5/16/2012
770 GARLAND DR	Pending	3	2	$1,495,000	$1,495,000		4/25/2012	9	5/29/2012
3309 KENNETH DR	Pending	4	3	$1,598,000	$1,598,000		4/18/2012	8	5/25/2012
699 ASHTON AVE	Pending	3	1	$988,000	$988,000		4/14/2012	8	5/15/2012
3370 PARK BL	Pending	1	1	$508,888	$508,888		1/25/2012	100	6/4/2012
1920 BYRON ST	Pending	6+	4+	$5,098,000	$5,098,000		5/3/2012	3	5/18/2012
3263 MURRAY WAY	Pending	4	2.5	$1,798,000	$1,798,000		4/25/2012	9	6/2/2012
735 DOLORES ST	Pending	6+	4+	$3,795,000	$3,795,000		4/3/2012	32	6/2/2012
800 HIGH ST UNIT 115	Pending	2	2	$998,000	$998,000		4/26/2012	7	5/23/2012
410 SHERIDAN AVE UNIT 444	Pending	1	1	$499,000	$499,000		4/25/2012	8	5/14/2012
4153 EL CAMINO WAY UNIT F	Pending	3	2	$350,000	$350,000		5/1/2012	6	7/30/2012
425 GRANT AVE UNIT 29	Pending	3	2	$699,000	$699,000		4/26/2012	8	6/14/2012
365 FOREST AVE UNIT 4C	Pending	3	2	$1,000,000	$1,000,000		4/19/2012	15	6/5/2012
4128 THAIN WAY	Pending	2	2	$929,000	$929,000		4/26/2012	8	6/5/2012
920 HAMILTON AVE	Sold	5	3	$2,995,000	$2,995,000	$2,990,000	4/25/2012	8	5/9/2012
175 HEATHER LN	Sold	4	3	$2,230,000	$2,230,000	$2,425,000	4/16/2012	10	5/9/2012
415 LOWELL AVE	Sold	5	2.5	$3,195,000	$3,195,000	$3,195,000	4/11/2012	14	5/4/2012
515 W CRESCENT DR	Sold	3	2	$1,920,000	$1,920,000	$2,200,000	3/28/2012	12	5/1/2012
1924 EDGEWOOD DR	Sold	4	3	$1,495,000	$1,495,000	$1,702,000	3/26/2012	10	5/4/2012
641 E MEADOW DR	Sold	3	2	$1,150,000	$1,150,000	$1,200,000	3/23/2012	5	5/7/2012
220 EL VERANO AVE	Sold	3	2	$1,090,000	$1,090,000	$1,320,000	3/14/2012	11	5/4/2012
2360 EMERSON ST	Sold	4	2	$2,350,000	$2,198,000	$2,125,000	3/8/2012	21	5/10/2012
126 FERNE AVE	Sold	2	2	$639,000	$639,000	$710,000	3/29/2012	7	5/4/2012
251 BRYANT ST	Sold	2	2.5	$825,000	$825,000	$960,000	3/28/2012	8	5/8/2012
1433 ALMA ST	Sold	2	1	$795,000	$795,000	$725,000	3/19/2012	15	5/4/2012
455 GRANT AVE UNIT 3	Sold	2	2	$634,950	$634,950	$620,000	3/8/2012	28	5/8/2012
878 MORENO AVE	Canceled	5	3	$2,695,000	$2,695,000		4/10/2012	27
2441 COWPER ST	Withdrawn	2	1.5	$1,075,000	$1,075,000		4/24/2012	15

*DOM - Days On Market
**COE - Close Of Escrow

Michael Talis REALTOR® http://talisrealestate.com Phone: 650.766.6100 mtalis@yahoo.com

City: Palo Alto April 2012

Property Type: Single Family Home | Price $0 to $99,999,000

Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $1,875,000 -20% -6% Average List Price of all Current Listings $2,564,083 -13% -4% April Median Sales Price $2,025,500 20% 19% 24% 38% $1,700,000 9% 16% April Average Sales Price $2,096,389 9% 7% 14% 20% $1,961,245 4% 12% Total Properties Currently for Sale (Inventory) 47 47% -25% April Number of Properties Sold 36 -14% -44% 122 -15% April Average Days on Market (Solds) 14 -13% -33% -59% -52% 21 -40% -28% Asking Price per Square Foot (based on New Listings) $903 -2% 1% 7% 9% $893 8% 8% April Sold Price per Square Foot $982 5% 4% 12% 15% $945 10% 11% April Month's Supply of Inventory 1.3 71% 15% 33% -15% 1.3 -37% -18% April Sale Price vs List Price Ratio 108.6% -0.5% 2% 5% 6.1% 106.1% 5.0% 4.0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date | Arrows indicate if values are higher (up), lower (down) or unchanged (flat)

Property Sales April property sales were 36, down from 64 in April of 2011 and -14.3% lower than the 42 sales last month. April 2012 sales were at a mid level compared to April of 2011 and 2010. April YTD sales of 122 are running -15.3% behind last year's year-to-date sales of 144. Prices The median sales price in April was $2,025,500, up 23.9% from $1,634,907 in April of 2011 and up 19.9% from $1,690,000 last month. The average sales price in April was $2,096,389, up 14.2% from $1,836,124 in April of 2011 and up 9.1% from $1,921,489 last month. April 2012 ASP was at highest level compared to April of 2011 and 2010. Inventory & MSI The total inventory of properties available for sale as of April was 47, up 46.9% from 32 last month and down -25.4% from 63 in April of last year. April 2012 Inventory was at the lowest level compared to April of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2012 MSI of 1.3 months was at a mid range compared with April of 2011 and 2010. Market Time The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer's market, a downward trend a move towards more of a seller's market. The DOM for April was 14, down from 16 days last month and down from 34 days in April of last year. The April 2012 DOM was at its lowest level compared with April of 2011 and 2010. Selling Price Per Square Foot The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the 'mix' of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2012 selling price per square foot of $982 was up 5.1% from $934 last month and up 12.2% from $875 in April of last year. Selling Price vs Original Listing Price The selling price vs original listing price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a buyer's market exists, a ratio at or above 100% indicates more of a seller's market. The April 2012 selling price vs original list price of 108.6% was down from 109.1% last month and up from 103.4% in April of last year. Inventory / New Listings / Sales This last view of the market combines monthly inventory of properties for sale along with new listings and sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of new listings in April 2012 was 68, up 28.3% from 53 last month and down -2.9% from 70 in April of last year.

©2012 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office Is Owned And Operated by NRT LLC. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. DRE License # 00313415 Based on information from MLSListings, Inc. for the period 5/27/1995 through 4/30/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. This information will expire 30 days from when it was generated.

The house will be opened for the public Saturday and Sunday (January 14th and 15th) from 1:30 to 4:30PM.

You can find more details about the house here.

The house will be opened for the public Saturday and Sunday (December 17th and 18th) from 1:30 to 4:30PM.

You can find more details about the house here.

The best return on investment is replacement of the entry door netting 131.3% followed by replacement of the garage door (126.1%).  The worst investment from the resale point of view is a backup generator with only 46.2% cost being recovered.  You can find the rest of the data on the Remodelling Magazine site.

This house in Palo Alto is comimg on the market later this week.  Comment on this message to get more details.

After a holiday break for the Independence Day the market activity starts picking up again:

• 18 homes were listed this week, 16 single family homes and 2 condos.  This is more that 100% jump from the last week when only 8 homes were listed.
• 8 homes closed escrows this week and went to their new owners.  Again, keep in mind that the number of closed transactions is a reflection of the activities that took place about a month ago.
• 18 listings went into pending state.  This number is almost the same as last week.  With 18 new listings coming on the market, the numbers are in a perfect equilibrium this week and keeping the inventory of single family homes and condos at 87 units available.
• 7 home were taking off the market, either canceled or expired.

Contact Elena and Michael Talis at 650.766.6100 for a consultation about buying or selling your home.
To receive Palo Alto Real Estate Report over e-mail follow this registration link.
To see all current Palo Alto listings go to TalisRealEstate.com.
Use this link to see all Palo Alto Market Weekly Reports.

Street Address	Status	Bed	Bath	Orig. List Price	List Price	Sale Price	List Date	DOM*	COE**
644 SENECA ST	Active	5	3	$4,400,000	$4,400,000		7/7/2011	0
842 BOYCE AVE	Active	4	4+	$4,700,000	$4,700,000		7/7/2011	0
2521 COWPER ST	Active	3	2	$1,285,000	$1,285,000		7/7/2011	0
868 LATHROP DR	Active	5	2	$1,349,000	$1,349,000		7/7/2011	0
1932 EMERSON ST	Active	5	4+	$6,150,000	$6,150,000		7/7/2011	0
919 OREGON AVE	Active	3	3	$1,189,900	$1,189,900		7/7/2011	0
2115 EDGEWOOD DR	Active	4	2	$999,000	$999,000		7/7/2011	0
4141 CAMPANA DR	Active	4	2	$1,950,000	$1,950,000		7/6/2011	1
1133 CHANNING AVE	Active	3	1	$1,249,000	$1,249,000		7/6/2011	1
591 GLENBROOK DR	Active	6+	4+	$3,298,000	$3,298,000		7/6/2011	1
2134 EDGEWOOD DR	Active	3	2	$1,249,000	$1,249,000		7/6/2011	1
1184 PALO ALTO AVE	Active	4	3.5	$6,300,000	$6,300,000		7/6/2011	1
3844 LA SELVA DR	Active	4	3.5	$2,095,000	$2,095,000		7/6/2011	1
1137 FOREST AVE	Active	3	2	$1,398,000	$1,398,000		7/6/2011	1
3629 RAMONA CIR	Active	3	2	$799,950	$799,950		7/5/2011	2
859 OREGON AVE	Active	3	2	$1,189,000	$1,189,000		7/4/2011	3
72 PETER COUTTS CIR	Active	2	2	$759,000	$759,000		7/6/2011	1
440 CESANO CT UNIT 111	Active	1	1	$445,000	$445,000		7/5/2011	2
102 UNIVERSITY AVE UNIT 3B	Active	2	2	$3,788,000	$3,788,000		5/29/2011	39
102 UNIVERSITY AVE UNIT 3A	Active	2	3	$5,388,000	$5,388,000		5/23/2011	45
2585 PARK BL UNIT Z216	Active	2	2.5	$627,000	$615,000		04/27/2011	71
158 EMERSON ST	Sold	3	2	$1,399,000	$1,399,000	$1,485,000	6/6/2011	11	7/7/2011
4147 DONALD DR	Sold	4	3.5	$1,448,888	$1,448,888	$1,550,000	5/19/2011	14	7/1/2011
525 GUINDA ST	Sold	4	1	$1,150,000	$1,150,000	$1,110,000	5/17/2011	10	6/27/2011
2631 ROSS RD	Sold	4	2	$1,195,000	$1,195,000	$1,325,000	5/16/2011	12	6/30/2011
1820 CHANNING AVE	Sold	4	3	$1,398,000	$1,348,000	$1,275,000	5/11/2011	26	7/1/2011
561 CENTER DR	Sold	3	2	$2,695,000	$2,495,000	$2,431,000	9/8/2010	219	7/6/2011
2947 CLARA DR	Sold	4	3	$1,965,000	$1,965,000	$1,910,000	7/28/2010	276	6/29/2011
310 POE ST	Sold	2	2.5	$995,000	$895,000	$870,000	2/23/2011	113	7/7/2011
3194 SOUTH CT	Pending	4	2	$1,395,000	$1,395,000		6/28/2011	9	8/10/2011
740 FLORALES DR	Pending	4	3	$1,788,000	$1,788,000		6/23/2011	8	7/19/2011
575 HAWTHORNE AVE	Pending	3	3	$1,995,000	$1,995,000		6/23/2011	7	7/14/2011
1615 EDGEWOOD DR	Pending	6+	4+	$2,295,000	$2,295,000		6/21/2011	9	7/21/2011
1352 EMERSON ST	Pending	3	1.5	$998,000	$998,000		6/9/2011	26	8/15/2011
963 AMARILLO AVE	Pending	4	2	$1,198,000	$1,198,000		6/9/2011	8	7/19/2011
2360 CARMEL DR	Pending	4	2	$1,325,000	$1,325,000		6/8/2011	14	8/1/2011
523 JEFFERSON DR	Pending	3	2	$1,995,000	$1,995,000		6/2/2011	18	7/20/2011
1520 PORTOLA AVE	Pending	4	3	$1,995,000	$1,949,000		3/30/2011	62	8/16/2011
2101 MIDDLEFIELD RD	Pending	5	3	$1,350,000	$1,350,000		2/16/2011	126	7/21/2011
899 CLARA DR	Pending	3	1	$999,900	$990,000		5/13/2011	52	8/12/2011
566 MAYBELL AVE	Pending	4	4+	$2,450,000	$2,388,000		4/27/2011	67	8/11/2011
2158 WELLESLEY ST	Pending	4	3.5	$2,589,000	$2,589,000		4/6/2011	90	9/1/2011
2569 PARK BL UNIT T201	Pending	2	2.5	$565,000	$565,000		6/29/2011	4	7/19/2011
104 GREENMEADOW WAY	Pending	2	2	$648,000	$648,000		6/22/2011	15	8/16/2011
432 HIGH ST UNIT 201	Pending	2	2	$849,000	$799,000		10/14/2010	250	7/22/2011
3069 MIDDLEFIELD RD UNIT 2C	Pending	3	3	$759,000	$759,000		6/23/2011	8	7/29/2011
2583 PARK BL UNIT W106	Pending	2	2.5	$629,000	$629,000		5/12/2011	48	8/1/2011
3340 KENNETH DR	Canceled	4	2	$1,348,000	$1,348,000		6/23/2011	8
919 OREGON AVE	Canceled	3	2	$1,249,000	$1,249,000		5/27/2011	40
2115 EDGEWOOD DR	Canceled	4	2	$850,000	$999,999		3/31/2011	98
440 CESANO CT UNIT 111	Canceled	1	1	$460,000	$460,000		6/18/2011	14
800 HIGH ST UNIT 205	Expired	2	2	$1,065,000	$1,037,000		3/3/2011	120
455 FOREST AVE UNIT B	Expired	4	3.5	$3,950,000	$3,495,000		6/24/2010	372
555 BYRON ST UNIT 207	Expired	2	2	$875,000	$725,000		6/4/2009	757

*DOM - Days On Market
**COE - Close Of Escrow