Realty Times - Palo Alto, California Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > California > Palo Alto

Market Conditions Summary for Palo Alto, California

Reported by
Elena Talis
as of 12/17/2010:

Week of 12/17/2010: New listings - 2, last week there was 9 new listings. Sold - 9, last week there was 10 properties sold in Palo Alto, 15 2 weeks ago. Accepted offers - 15, same as last week. Taken off the market - 7, also same as... MORE->

Reported by
Elena Talis
as of 11/4/2010:

With Halloween and Daylight Saving Time behind us, the 2010 real estate season is winding down. More families are thinking about what to cook for Thanksgiving dinner than how to move closer to schools. And the numbers reflect this. Only 38 homes... MORE->

Reported by
Elena Talis
as of 10/15/2010:

On September 22nd Coldwell Banker released its Home Listing Report, a survey of U.S. four-bedroom, two-bathroom home listings. Palo Alto got an honorable mention as the second most expensive market preceded only by Newport Beach in Southern... MORE->

Reported by
Elena Talis
as of 7/9/2010:

In June, the number of home sales in Palo Alto dropped 23% compared with May and June inventory reached 108 single family homes. Back in December of last year we were working with buyers who were looking for a 3- or 4-bedroom house in Palo... MORE->

Reported by
Elena Talis
as of 6/14/2010:

The only sure thing about today's real estate market is its unpredictability. After a 19% jump in April this year, the market retreated, and the median price in May dropped by 15%. Median prices in 2010 are 9% lower than in May 2009. However houses... MORE->

Reported by
Elena Talis
as of 5/10/2010:

Last month I started the review with these words: "The median price of Bay Area homes rose drastically over the past year. Palo Alto once again shows a strong demand for houses - multiple offers are not uncommon today." Well, the trend continues.... MORE->

Reported by
Elena Talis
as of 4/5/2010:

The median price of Bay Area homes rose drastically over the past year. Palo Alto once again shows a strong demand for houses - multiple offers are not uncommon today. An especially high number of multiple offers are seen on sales in the under $1.5M... MORE->

Reported by
Elena Talis
as of 3/2/2010:

December and January were very slow - for two months the Palo Alto housing market was in a dormant state. Only six homes have changed hands since the beginning of the year in South Palo Alto. A year ago at this time, many homes were languishing on... MORE->

Average Current Market Rating: 3.9 (8 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 3.8 (8 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > California > Palo Alto

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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30 Year Fixed: 3.87%
15 Year Fixed: 3.16%
1 Year Adj: 2.78%
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