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. … [Read more...] about Low DOM For Palo Alto Houses
palo alto real estate trends
New Palo Alto Townhouses Coming
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. … [Read more...] about New Palo Alto Townhouses Coming
Are Closed Campuses Affecting Home Prices?
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. The … [Read more...] about Are Closed Campuses Affecting Home Prices?
Downtown Palo Alto Neighborhood
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. More information about the Downtown Palo Alto neighborhood, including more real estate trends and downtown attractions, is available at: Downtown Palo … [Read more...] about Downtown Palo Alto Neighborhood