Planning to buy a condo in Rickey's Way. Need suggestions on appreciation of these condos and location. Is it considered good HOA?

Asked by newtopaloalto, Palo Alto, CA Tue Mar 18, 2014

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Bryan Sweeley’s answer
Bryan Sweeley, Agent, Los Altos, CA
Sun Mar 23, 2014
Prices for Condos and Townhomes in Palo Alto have appreciated on average 6.6% per year over the past 17 years. I expect appreciation rates to be in the 6-8% range over the next couple of years. I publish extensive charts on prices at http://www.SiliconValleyMLS.info/palo-alto-homes/condos

Prices for single family residences have risen dramatically over the past 2 years and are expected to continue this year. Palo Alto is the epicenter of money flowing in from China, which is making the Palo Alto market the hottest in the area.

As to Rickey Way, these are almost new Townhomes that are very desirable with their modern finishes and contemporary styles. Location close to Facebook, Google and other high-tech companies should ensure continued long-term demand.
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Alexander Gr…, Agent, San Jose, CA
Tue Mar 18, 2014
I would be more than happy to help you. I can send you a report. Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com
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