listings and sales (pending and closed) since 12/1/08

Just looking at the activity in North Palo Alto (everything NORTH of Oregon Expressway) and wanted to pass it on. Since 12/1/08 we've seen 24 new listings (just looking at single family homes). Of those, we have 2 closed sales ($1,675,000 and $1,165,000) and 3 pending sales.  27 days into January, that is a stark lack of activity. 

866 Seale is one of the 3 pending sales. It toured for the brokers last Friday--new construction, listed for $3,498,000, 3600 square feet, lot 9514. I really liked it, no surprise it went into contract so quickly. I also think it was wise of the listing agent to list this under $1000 a sq/ft. The days of 1200-1400 a square foot for new construction in North PA are over, for now at least....