Palo Alto Unified Unified

This day has no read of its own yet, so this is the latest one.

1. 535 E Meadow Dr, Palo Alto

   Pending in nine days, still asking more than a similar house sold for this week

   It got there with no price cut, at the usual pace for this area, where half of homes go pending within 9 days. On September 29 I said to watch whether it moved within 16 days, and it did. 4154 Amaranta Ct, Palo Alto, a similar house, sold September 28 for $3,053,500. This asking price sits about 8% above it, so watch what it closes at. Seven of eight similar sales since May sold above their first asking price.

2. 3005 Cowper St, Palo Alto

   Pending in nine days, and asking less than a smaller house sold for in September

   Its asking price is about 9% below typical for homes this size in Palo Alto's Gunn High School zone. 3855 Magnolia Dr, Palo Alto, is 13% smaller on a similar lot. It sold September 24 for $5,350,000, about 12% above this ask. 2685 Cowper St, Palo Alto, smaller and on the same street, sold last November for $4,850,000. All seven similar sales since February with a first ask on record sold above it. Watch where it closes against the ask.

3. 863 Melville Ave, Palo Alto

   Now slow for this market, and asking more than two near twins sold for

   Three in four homes here went pending within 16 days. This one hit that mark today, with no price cut. It asks about 11% above typical for its size in the Palo Alto High School zone. 947 Colonial Ln, Palo Alto, a near twin, went pending in 9 days and sold September 24 for $4,836,000, about 5% under this ask. The two slowest similar sales each cut the price once and sold below their first ask. Watch whether this price holds.

Generated automatically from listing and sale records, and it can make mistakes: check the numbers before relying on them, and confirm details with the listing agent and public records. For information only: not an appraisal, and not financial, legal or real estate advice.