Palo Alto Home Sales = Multiple Offers
Every week, we have staff meetings to discuss listings, sales etc. and we are seeing a change in the market that I thought would be interesting to pass along to all of you. I know you’ve seen me write for the past couple of months that the published stats will start to support what I am seeing on the market. Here is an example of just one segment of the market as reported in last weeks meeting, and this is only from Alain Pinel.
1. 5 offers received on 2553 Emerson street in Midtown Palo Alto with 3 bedroom, 2 bath, 1784 sf. Listed at $1,398,000 and went pending within a week on the market. Top offers went over $1.5M.
2. 4 offers on 2671 Emerson with 4 bedroom, 2 bath listed at $1,648,000, sold to an all cash buyer. No contingency, as is, quick close clean offer.
3. 6 offers on 3250 Murry way with 3 bedroom, 2.5 bath 1548sf, listed at $1,098,000 sold within a weeks.
4. All cash buyer bought 2340 Dartmouth house for its tear down value and will rebuild it. It was listed at $1,295,000 last year. Sold off the market.
5. Approx. 3 offers on 3715 Whitsell with 3 bedrooms, 1 bath listed at $895,000.
6. One all cash offer was received on 3145 Emerson new construction house. Seller rejected the low ball offer.
7. Multiple interested parties are taking disclosure packages for 601 Matadero. Multiple offers to follow.
The same thing is happening in Menlo Park, Atherton and areas along the Peninsula.
