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.