Home > Blogs > California > Santa Clara County > Palo Alto > Bay Area Market ...  The Up High and Down Low on the Palo Alto Condo Market
213,160 views

John Souerbry's Blog

By John Souerbry | Broker in Palo Alto, CA

Bay Area Market ... The Up High and Down Low on the Palo Alto Condo Market

Palo Alto is a great place to work and play.  There’s great dining downtown, mall walking at Stanford Shopping Center, vast open spaces to hike, and a growing list of high and low tech companies are hanging out a “We’re Hiring” sign.

Palo Alto is also one of the most sought-after places to live on the peninsula, making home-buying expensive for single family homes and for condos.  With home prices ranging from a little over $350,000 up to $20,000,000, condos are sometimes the best choice for affordable homes when first moving to the area.  As of today, there are 26 condos on the market in Palo Alto, of which only nine have been on the market longer than two months.  Of the 26, 14 have been on the market for less than one month.  Over the past 90 days, 15 condos have been sold in Palo Alto, ranging in price from $1,400,000 to $435,000.

Let’s look at some of the condos on the market.  Starting with the top of the list, here are the five most expensive condos listed for sale today:

Bed/Bath

Price

Square Feet

4/3.5

$3,495.000

2,676

3/3.5

$1,350,000

1,700

2/2

$1,298,000

1,574

2/2

$1,099,000

1,656

2/2

$1,071,000

1,270

 Now let’s take a look at the bottom of the list, the five least expensive condos offered for sale:

Bed/Bath

Price

Square Feet

2/1

*$438,000

960

2/1

*$435,000

885

2/2.5

**$393,600

1,224

2/1

$380,000

906

2/1

$375,000

906

*Short Sale   **Bank-owned

As we can see, there is a wide range between the most and least expensive condos on the market today.  But price is only one consideration.  Location, design, amenities, HOA fees, and condition also contribute to a condo’s value.

If you’re interested in buying in the Bay Area, drop me a line at john@jsrealproperty.com or stop by my web site www.jsrealproperty.com.  For local, regional and national market information, subscribe to my Market Trends eNewsletter when you visit my web site.

New properties come on the market and others go off the market every day.  The only way to keep up is to work with a broker who can help you track the market until you find the home you’re looking for.  To receive notifications of homes that meet your criteria as soon as they come on the market, drop me a line at john@jsrealproperty.com .

 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer