Market Conditions in Palo Alto : Questions & Answers

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Allyson Ales…, Real Estate Pro in Santa Clara County, CA
Allyson Alessandrini answered:
The Square-Footage in Listing Info (1409 includes Garage!). The real square footage is 972 (2 bed, 1 bath)
Hi,
I don't really see a question here, just a statement. If what you say is true then It looks like the garage was converted and used as a bedroom, so if you were looking to purchase ... more
0 votes Share Flag Sun Jul 8, 2012 Market Conditions in Palo Alto
John Souerbry, Real Estate Pro in Palo Alto, CA
John Souerbry answered:
Multifamily inventory in Palo Alto : good, bad or average?
Most multi-family transactions in this part of the Valley don't make it to the MLS, LoopNet, or other public markets, so it's always hard to tell just what the inventory is. Most sales ... more
0 votes Share Flag Tue Jun 19, 2012 Market Conditions in Palo Alto
Elena Talis, Real Estate Pro in Palo Alto, CA
Elena Talis answered:
Post - Facebook IPO, how is the market in Palo Alto compared to pre-Facebook IPO?
Hi Mindy,

The inventory is a bit higher but it is consistent with the seasonal fluctuations - see charts at http://paloaltocal.com/palo-alto-real-estate-market-action-report-ma . Wh ... more
0 votes Share Flag Mon Nov 19, 2012 Market Conditions in Palo Alto
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
Strange days??
That each area, each, home is unique as are the buyers and sellers. If people only purchased homes as investments your analysis on certain properties appears sound. However, the Ameri ... more
0 votes Share Flag Wed Jul 20, 2011 Market Conditions in Palo Alto
Mikayla, Other/Just Looking in Canada, KY
Mikayla answered:
I AM LOOKING TO BUY UNFINSHED PROJECTS SUCH AS SEVERAL UN FINSHED HOMES ON THE SAME STREET DO YOU KNOW OF ANY
NeoContext Consulting Group, Los Altos, CA, Nov 2010 ..... Los Gatos, CA, Jul 2009. MonetizeYourData / HumanizeYourData, Menlo Park, CA, Jul 2009 ...


[url=http://www.bestremortgage ... more
0 votes Share Flag Mon Jan 10, 2011 Market Conditions in Palo Alto
Bradley Gill, Real Estate Pro in 95120
Bradley Gill answered:
Where do the foreclosure/short sale homes go?
Just because a home becomes repossessed by a bank doesn't mean that that bank will turn around and immediately post the home for sale. There are many factors that banks must weigh ... more
0 votes Share Flag Tue Jan 12, 2010 Market Conditions in Palo Alto
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
Hi there, I looked at 4028 Sutherland Dr. in Palo Alto and it's pretty nice inside. The asking price $1,058,000 seems to be too high for that
The last three sales in that area range from $966K up to $980K. They don't appear to have the updates this home has. Sutherland has only been on the market for less than 17 days ... more
0 votes Share Flag Sun Dec 6, 2009 Market Conditions in Charleston Gardens
Trapdoor, Home Buyer in Palo Alto, CA
Trapdoor answered:
PA market condition?
I've got no special insight, but I'd guess the conditions you describe are the result of the fact that the more affluent you are the more you can afford to "wait out" ... more
0 votes Share Flag Thu Oct 15, 2009 Market Conditions in Palo Alto
Diyar Essaid, Real Estate Pro in Los Altos, CA
Diyar Essaid answered:
Info about the recent transaction of 512 Colorado Ave?
The buyers' agent was:

Diyar Essaid
Coldwell Banker
650-949-8525
DRE#01335648
0 votes Share Flag Mon Oct 5, 2009 Market Conditions in Palo Alto
Mark Burns, Real Estate Pro in Cupertino, CA
Mark Burns answered:
can an expert take a look at this?lots of mortgage bankers are saying a wave of foreclosure is entering the market from sept 15. why were banks?
Panic, hysteria, the world is coming to an end!

What is it we're looking at?

What 'mortgage bankers' are your referring to? How much is 'lots?'

There ... more
0 votes Share Flag Fri Apr 9, 2010 Market Conditions in 94301
Chris Sorens…, Real Estate Pro in California
Chris Sorensen answered:
Keep or sale?
Yours is an all too familiar tale. In order for one to answer this question accurately, it would be great to know what your actual income is. With this I could look at your front end ... more
0 votes Share Flag Tue Dec 15, 2009 Market Conditions in Palo Alto
Marge Draper, Real Estate Pro in Palo Alto, CA
Marge Draper answered:
This sounds rather morbid, but are the recent Cal Train suicides lowering the value of property in the flats
Well, it is morbid, but that's human nature. I don't think the value of property in South Palo Alto is lowering, first of all.

I think the worry is that this kind of thin ... more
0 votes Share Flag Tue Sep 15, 2009 Market Conditions in Palo Alto
Marcy Moyer, Real Estate Pro in Palo Alto, CA
Marcy Moyer answered:
What are the true fire hazard risks in Eichlers?
Dear Eichlerlover,
The fire hazard for Eichler's have to do with the fact that the original homes used mahogany for the walls instead of sheetrock. It is not that these homes are more ... more
0 votes Share Flag Wed Aug 12, 2009 Market Conditions in Palo Alto
Kimberly Bra…, Real Estate Pro in Panama City, FL
Kimberly Brandon, CRS,GRI,SFR answered:
Interest rate up, home price down and when to buy?
Wow....Interest rates have nothing to do with the price of homes in the United States. Interest rates are set by lenders influenced by numerous facts including the bond rates and short ... more
0 votes Share Flag Tue Sep 15, 2009 Market Conditions in Palo Alto
Voices Member,  in
Voices Member answered:
Does the new Trulia (Palo Alto) Q/A interface turn away viewers?
Hi, that is odd....have you tried contacting customer support?
0 votes Share Flag Wed Jul 22, 2009 Market Conditions in Palo Alto
David Chambe…, Other/Just Looking in Saint Petersburg, FL
David Chamberlain answered:
Where can we find the yearly average family income for the city of Palo Alto in the last decade? Thanks.
At the census website: http://quickfacts.census.gov/qfd/states/06/0655282.html
Here: http://www.clrsearch.com/RSS/Demographics/CA/Palo_Alto/Household_Income
0 votes Share Flag Sat Jul 4, 2009 Market Conditions in Palo Alto
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
Why this home has not been sold?
With all the info I have looking at a 1/2 mile radius of recent solds and current active and pending homes, I would have to agree it looks like it is a pretty decent price. It mentions ... more
0 votes Share Flag Tue Jun 30, 2009 Market Conditions in Palo Alto
Marcy Moyer, Real Estate Pro in Palo Alto, CA
Marcy Moyer answered:
What are the average price/sqft for SFH, sold in both the Midtown and the whole Palo Alto so far in 2009?
828
According to MLS the numbers are:

Midtown Average Price per square foot is $769.08 for the last 6 months.
Palo Alto as a whole is $799.01

Also, in case you are interested th ... more
0 votes Share Flag Wed Jun 17, 2009 Market Conditions in Palo Alto
Marge Draper, Real Estate Pro in Palo Alto, CA
Marge Draper answered:
How will the drop in Palo Alto high school rankings affect house values?
Several years ago Gunn was #1 in the Newsweek rankings and Paly was around #110. So what! I speak not only as a Realtor but also as a former teacher and a board member of the Menlo Pa ... more
0 votes Share Flag Fri Apr 9, 2010 Market Conditions in Palo Alto
Vicky Le, Real Estate Pro in Cupertino, CA
Vicky Le answered:
How long was 4090 Orme Street on the market? And what did it sell for?
Hi Melinda,

The house on 4090 Orme St, Palo Altos was listed on April 15. It was on the market for 15 days before it went into contract. Escrow closed on May 6 and was sold for $2.6 ... more
0 votes Share Flag Wed Jun 3, 2009 Market Conditions in Palo Alto
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