Palo Alto CA Real Estate And Homes For Sale

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Low DOM For Palo Alto Houses

2023-10-07 By Jeffrey R Keller

Recently JLee Realty began plotting median days on market in addition to average days on market for homes for sale. The median plot emphasizes the change that began around 2012. The median days on market for Palo Alto real estate stays very low with only occasional bumps up.

Filed Under: real estate market trends Tagged With: palo alto days on market, palo alto real estate trends

New Townhouses Coming – Summerhill Homes

2022-10-23 By Jeffrey R Keller

Summerhill Homes purchased a 2.4-acre site at 2850 W. Bayshore Road in Palo Alto for $27.5 million through an affiliate. The site currently has a single-story office building. Their proposed development would have 48 three-story townhouses. The rendering of the front of the townhouses is roughly similar to the Echelon Complex built by Summerhill Homes in 2009 at E. Meadow Cir. At the time of the purchase, the affiliate also obtained $45 million in financing.

Townhouses in this W. Bayshore area have sold for between $1.5 million to a little over $2 million. Summerhill Homes is likely to see sales of roughly $100+ million for the project. Of course, the state of the real estate market at the time the townhouses are offered for sale will have a large impact. View South Palo Alto townhouse sale prices and trends.

The site of the new townhouses is between Greer Park and W. Bayshore Road. The 22-acre Greer Park has five soccer fields, three softball fields, two basketball courts, a picnic area with BBQs, a skateboard bowl, restrooms, and more.

View all Palo Alto Condos and Townhomes for sale.

Filed Under: real estate market trends Tagged With: palo alto real estate trends, palo alto townhomes for sale, south palo alto

Are Closed Campuses Affecting Home Prices?

2021-01-20 By Jeffrey R Keller

With many college campuses either closed or partially closed, there are fewer renters near the campuses. Has the decrease in rental demand tipped demand for owning homes in those locations? Stanford University is adjacent to the Palo Alto College Terrace Neighborhood. Many of the Stanford students and even visiting professors rent a place to stay, near the campus.

Palo Alto College Terrace House Prices per sq.ft
Palo Alto College Terrace House Prices per sq.ft.
Palo Alto College Terrace Condo Prices per sq.ft.
Palo Alto College Terrace Condo Prices per sq.ft.

The pandemic does not appear to have changed the Palo Alto real estate trends (for what could be imagined to be the most impacted areas) significantly at this time.

Filed Under: neighborhoods Tagged With: college terrace neighborhood, palo alto real estate trends, pandemic impact on real estate

Downtown Palo Alto Neighborhood

2020-12-15 By Jeffrey R Keller

At the beginning of the Covid-19 pandemic there was speculation that urban home prices would suffer. As of the end of November, 2020, there is no indication that home prices in Downtown Palo Alto are even slightly suffering.

downtown palo alto house price trends
Downtown Palo Alto House Prices

More information about the Downtown Palo Alto neighborhood, including more real estate trends and downtown attractions, is available at: Downtown Palo Alto.

Filed Under: neighborhoods Tagged With: downtown palo alto, downtown palo alto trends, palo alto real estate trends

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Recent Posts

  • Protected Trees
  • Settlement Contingency Protects You But Makes Your Purchase Offer More Acceptable
  • Low DOM For Palo Alto Houses
  • Average Size Of Palo Alto House Sold Spikes Up
  • New Townhouses Coming – Summerhill Homes

Juliana Lee · JLee Realty

Silicon Valley Real Estate Agent · DRE: 00851314

 

650-857-1000 · 4260 El Camino Real, Palo Alto 94306

 

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