Pricing Update

As I reported earlier in the week, we do have one pending sale--the 4 bedroom at 800 High St, listed for $1,298,000, is in contract set to close April 14th. They were originally listed at $1,398,000 before the price drop and were on the market 46 days. Good for them, nothing else is pending in downtown Palo Alto.....

We did see a price drop at 548 Everett. They were at $1,098,000 and dropped this week to $995,000. That's the right direction, I felt they should have started out at this list price. It's a great unit, one level 2/2 set back off the street, very private. I don't know if this new list price will do it but as I said, they are headed in the right direction to secure a sale.....