Just in case you want to get a place where you don't have to have a pool and HOA dues to reflect the higher insurance! The building is going up near E. Charleston/El Camino.
It sounds like you and your wife enjoy the convenience of city life so I think there are just a couple of neighborhoods that would be appropriate for you. Some of the communities in PA are rather suburban so you will need to avoid them if you like being walking distance to shops/restaurants. I would strongly suggest you look in the downtown area.
The prices have not come down that much and the inventory is low because sellers are of afraid and don't want to put their home on the market.
Find a good Real Estate Agent who can help you find great properties that are not listed in the MLS.
In downtown you do not get a pool or gym in the complex. The land is too expensive for the builders to add those things. However, there are a number of gyms downtown and the closest pool would be at Rinconado Park. You could also go to the Y at Pagemill and El Camino for a pool and gym. There are buildings with these options, but unfortunately not in Palo Alto. Downtown San Jose has quite a few for example.
Right now the inventory is pretty low but more should come on the market in the next few weeks. If you go to my website http://www.marcymoyer.com and click on the link on the left, Search for Homes you can search for past solds to see what your budget will get you.
It seems you clearly understand what is important to you.
From the sound of it, downtown Palo Alto would be your best bet.
As others have mentioned, there is 800 High Street and also several developments on the site of the old Palo Alto Medical Foundation a few blocks from Whole Foods.
There are many good options for you.
As a Palo Alto resident I definately agree with you about thinking Palo Alto is the best place to live. With your budget you can comfortably afford many of the newer complexes dowtown. 800 High St is a great example but there are other buildings on Homer, Forest, and Alma, just to name a few. There are also some nice complexes near Californai Ave, like the one on Sheridan, or some new and newer units in South Palo Alto. The townhouse/condo market in Palo Alto is much less active than the single family home market in this price range so you may haved more leway in your negotiations. HOA fees tend to be high in Palo Alto, but the ammenities are definately worth it, in my opinion.
Welcome to Palo Alto!
Michael Dreyfus, Broker
728 Emerson Street, Palo Alto
I agree with you! I love PA too, the ambiance is great....my sister lives there.....You are one up on lot of folks, atleast you have identified an area where you want to live in, instead of swinging all over the place! Makes life easier to find a suitable property.....
Please do contact me, email/phone, and I can send you an email with all the properties - Single family homes as well as Town Homes/Condos available within $1.2K
Please check out my website and referrals.......Be well and Safe, and Happy New year! :O)
Broker Associate | Attorney | MBA
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