Hi Rene.

Palo Alto is an extremely strong market and is isolated from nationwide, statewide and even local Bay Area trends. To answer your question, any agent would need to know specifically what area of Palo Alto you are interested in before giving you any data because looking at Palo Alto as a whole will only give you a very general idea of the stability of average market price gains.

A 3 bed and 2 bath home with 1,300 SF will be priced much different in Downtown vs. Mid-Town and even an approximation for that broad of an area will give you the wrong idea as to true values in a specific part of town you might be interested in.

If you already have specific areas of Palo Alto in mind, please let me know and I would be more than happy to send that information along to you.

Wed May 21 2008, 11:47

Hi Rene - There are currently 5 homes on the MLS that fit this description. They range in price from $900K to $1,289,000. In fact, three of them are above $1.2 mil. I hope this is helpful to you. Let me know if you need more info.

Take care,
Roland

Mon May 19 2008, 14:35

You have posted a good question.

Palo Alto homes are highly desired commodities. Sought after schools and the geographical location on the SF mid-Peninsula, compounded by inventory shortage, and a broad buyer population creates a viable market for homes of this size

Palo Alto: single family residence, 1200-1400sf, all locations, all sizes; all $:

Currently ACTIVE:
MLS Num Class Status Area Street Address City Age Beds Baths Bldg SqFt Lot Size List Date Sale Date Orig List Price List Price Sale Price DOM
801790 1 234 2440 COWPER ST Palo Alto 72 3 2 1,350 SqFt 6,950 SqFt 4/14/2008 $1,375,000 $1,375,000 35
806846 1 233 3340 KENNETH DR Palo Alto 50 3 2 1,400 SqFt 7,000 SqFt 5/6/2008 $1,300,000 $1,300,000 13
805236 1 233 3772 REDWOOD CI Palo Alto 54 3 2 1,224 SqFt 6,262 SqFt 4/29/2008 $1,219,500 $1,219,500 20
808891 1 231 653 ARASTRADERO RD Palo Alto 58 3 2 1,375 SqFt 10,260 SqFt 5/14/2008 $1,150,000 $1,150,000 5
807400 1 234 730 San Carlos CT Palo Alto 56 3 2 1,259 SqFt 3,990 SqFt 5/8/2008 $1,099,000 $1,099,000 11
808959 1 233 226 CREEKSIDE DR Palo Alto 54 3 2 1,377 SqFt 6,600 SqFt 5/15/2008 $1,098,000 $1,098,000 4
808953 1 233 350 W CHARLESTON RD Palo Alto 58 3 1 1,374 SqFt 5,830 SqFt 5/15/2008 $929,900 $929,900 4

PENDING:
805584 1 238 1780 NEWELL RD Palo Alto 60 4 2 1,326 SqFt 6,930 SqFt 4/30/2008 5/9/2008 $1,399,000 $1,399,000 9
806565 1 232 689 JOSINA AV Palo Alto 58 3 1 1,361 SqFt 9,514 SqFt 5/5/2008 5/15/2008 $1,295,000 $1,295,000 10
807226 1 233 4190 MACKAY DR Palo Alto 54 3 2 1,324 SqFt 7,245 SqFt 5/7/2008 5/15/2008 $1,295,000 $1,295,000 8
749946 1 238 2337 SAINT FRANCIS DR Palo Alto 60 3 2 1,284 SqFt 6,000 SqFt 9/5/2007 4/17/2008 $1,328,000 $1,278,000 225

.Please call me for more information. My 20+ years of real estate experience in this area can help you make an informed, wise decision.
Jeanne

Mon May 19 2008, 14:22

Palo Alto is extremely neighborhood-sensitive when it comes to home prices. Homes in the north end can cost almost twice as much as homes in the south end for the same size structure and lot. On average, a basic home for what you describe would go for $900k to $1.2M, depending on the neighborhood. Give me cross streets of neighborhoods you'd be interested in and I can provide more accurate numbers for homes in those areas. John

Mon May 19 2008, 14:08