Sunday I toured open houses in Palo Alto, California, where I grew up. I drove past my old schools and looked at the homes for sale in the neighborhoods where I rode bikes, learned to swim, learned to dance, and so many other things in the great Palo Alto schools I attended.
Here are some observations:
The $1M price point is gone! For $1M you might be able to get land but probably not.
The $2M price point might have a carport and a home with a flat roof on a street that might have some homes that are intermittently attended.
The $4M price point garners a beautiful home on a beautiful street, but on my open house tour Sunday, the $4M home didn't come with a two-car garage. Dang! The small garage looked dubious for one SUV, although a Fiat would fit.
The $8.9M price point has it all. Great home, great garage, great lot, great garden, great street, feels safe, some lovely architecture, and an extra pool house with a kitchen for mom and dad when they visit.
Here's the garden at the lovely home on Crescent and that's me in front of the pool!