Real Estate

Recent home sales: Area experiencing low inventory?

 

Sales in just three local cities in this week's column could reflect the low inventory that real-estate agents have been talking about. Only Los Altos, Mountain View and Palo Alto had reported sales.

For a quick summary of the recent sales from the past four to eight weeks, see Sales at a glance.

Los Altos

272 Covington Road Field Trust to Wang Trust for $4,950,000 on 03/09/16; Built 1947, 4bd, 1,914 sq.ft.; previous sale 10/03/2012, $2,900,000

1520 Todd Street Lopez Trust to J. Yiin for $1,910,000 on 03/07/16; built 1954, 3bd, 1,353 sq.ft.

Mountain View

201 Ada Ave. #45 Weber Trust to K. Harrington for $970,000 on 03/04/16; built 1987, 2bd, 1,247 sq.ft.; previous sale 05/25/2012, $615,000

2431 Benjamin Drive Black Trust to P. & R. Brar for $1,300,000 on 03/08/16; built 1954, 3bd, 1,632 sq.ft.; previous sale 03/16/1994, $160,000

950 Boranda Ave. #12 S. & M. Orloff to S. Kang for $1,350,000 on 03/04/16; built 1979, 3bd, 1,543 sq.ft.

77 Church St. Springsky Investment to Y. Zhou for $1,790,000 on 03/02/16; built 1955, 4bd, 1,888 sq.ft.; previous sale 09/20/2013, $1,050,000

505 Cypress Point Drive #291 Lawrence Trust to G. Gaubatz for $757,000 on 03/03/16; built 1971, 2bd, 843 sq.ft.

1892 Elsie Ave. Messimer Trust to N. Lam for $1,327,000 on 03/02/16; built 1950, 2bd, 1,232 sq.ft.

1274 Lane Ave. G. & C. Izumi to B. Ghaziani for $1,500,000 on 03/03/16; built 1947, 3bd, 1,205 sq.ft.

1946 San Luis Ave. Classic 1946 San Luis to S. Yee for $1,513,000 on 03/04/16; built 1953, 8,682 sq.ft.; previous sale 02/04/2016, $1,224,000

120 Sleeper Ave. Laferriere Trust to G. Krovblit for $2,500,000 on 03/04/16; built 1986, 4bd, 3,047 sq.ft.; previous sale 08/05/2004, $1,100,000

Palo Alto

2456 Chabot Terrace A. Lazzaro to Y. Yang for $1,850,000 on 03/09/16; built 1950, 2bd, 920 sq.ft.; previous sale 03/05/1974, $31,900

914 Colonial Lane J. Cuddeback to Tu Trust for $2,151,000 on 03/09/16; built 1954, 4bd, 1,560 sq.ft.

936 Colonial Lane B. & W. Boss to J. Ning for $3,560,000 on 03/08/16; built 2009, 4bd, 2,,467 sq.ft.; previous sale 10/19/2012, $2,025,000

2670 Cowper St. S. Pakaski to R. Pan for $2,500,000 on 03/03/16; built 1961, 4bd, 2246 sq.ft.

681 Driscoll Court Merrill Trust to E. & K. Rosenberg for $426,500 on 03/07/16; built 1981, 4bd, 3,413 sq.ft.; previous sale 10/19/2015, $543,000

310 Grant Ave. B. Lawrence to V. Vyusin for $197,500 on 03/04/16; built 1983, 1bd, 673 sq.ft.; previous sale 09/27/1988, $112,000

1310 Greenwood Ave. Sullivan Trust to Redwood Forest for $4,600,000 on 03/04/16; built 1946, 3bd, 2,308 sq.ft.

786 Melville Ave. Jones Trust to S. Da for $480,000 on 03/04/16; built 1999, 5bd, 3,627 sq.ft.; previous sale 08/31/1999, $2,200,000

3851 Nathan Way M. Nguyen to S. Li for $2,360,000 on 03/03/16; built 1956, 5bd, 1,844 sq.ft; previous sale 05/07/2014, $2,073,000

3759 Redwood Circle Bendigkett Trust to V. & P. Chaudhary for $1,960,000 on 03/08/16; built 1952, 3bd, 1,588 sq.ft.

410 Sheridan Ave. #111 M. Zych to A. & L. Lopez-Otero for $138,000 on 03/04/16; built 1977, 1bd, 804 sq.ft.; previous sale 01/17/2003, $96,000

149 South California Ave. #A306 S. Hortikar to Anderson Trust for $1,150,000 on 03/08/16; built 1982, 2bd, 1,247 sq.ft.; previous sale 08/21/2008, $673,000

3077 South Court Parker Trust to X. Tian for $2,650,000 on 03/03/16; built 1952, 3bd, 1,417 sq.ft.; previous sale 04/15/1992, $372,500

450 West Charleston Road A. & K. Randall to Edholm Trust for $2,100,000 on 03/09/16; built 1947, 2,236 sq.ft.; previous sale 04/01/1988, $298,000

Home sales are provided by California REsource, a real estate information company that obtains the information from the county recorder's offices. Information is recorded from deeds after the close of escrow and published within four to eight weeks.

— Palo Alto Weekly staff

Comments

2 people like this
Posted by Alan
a resident of Portola Valley: Ladera
on Apr 4, 2016 at 1:35 pm

Although there is a dearth of listings in the our area, I notice that homes are staying on the market significantly longer than they did last year. In Ladera, which like the rest of Portola Valley, is considered very desirable there are listings that have been for sale for a long time. Given the lack of homes for sale, I'd have expected them to sell quickly. Now I'm wondering if the demand is still there or if the housing market is cooling off. If so, will we be seeing a decline in prices? Oh for a crystal ball!


Sorry, but further commenting on this topic has been closed.

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