What areas in Palo Alto are likely to appreciate in the next 5 years?

Asked by Trulia, San Francisco, CA Fri Mar 9, 2012

What potential local factors could contribute to this appreciation?

Note: Trulia Question of the Day is popular question being discussed in local markets. We'll featured best answers in consumer monthly digest.

Help the community by answering this question:

+ web reference
Web reference:

Answers

4
Stu Carson, Agent, San Jose, CA
Sat May 19, 2012
Those that are in the Henry Gunn High School district boundaries. For more information on the best school districts in the Bay Area check out this resource https://docs.google.com/document/d/1AiVILjMukJSyt6-7nwy6BFEY… there are links in that document that will help you determine what addresses are in which schools districts.

If you are interested in having access to something that just does NOT exist on the MLS, a tool that will allow you search and receive alerts for homes that are only in a specific high school district visit this link and sign up an indicate what you want. http://stucarson.com/ContactMeInformationFrameless

That kind of tool will be available by the end of this week.
0 votes
Juliana Lee, Agent, Palo Alto, CA
Thu May 3, 2012
If you look at neighborhood statistics versus Palo Alto city statistics it would be quite hard to find a neighborhood which has performed much differently than the city overall.

Please visit my Palo Alto neighborhood statistics at:
http://www.julianalee.com/palo-alto/neighborhood-statistics.htm

For the short term future you could guess at who will be buying houses in the near future and which houses will appeal to them. I've seen a lot of interest from both old and young people in living near downtown.

I would really recommend that a buyer focus on finding a great house with nice neighbors and not try to guess which neighborhood will appreciate the most. Palo Alto is physically small, so differences in individual houses are as great as differences in neighborhoods.
0 votes
Elena Talis, Broker, Palo Alto, CA
Sat Mar 31, 2012
I would expect all of the areas to dramatically appreciate - see the latest Palo Alto Market Report (http://paloaltocal.com/palo-alto-market-action-report-march-2012). Note the price per sq. ft. trend...

As to the neighborhoods, I think the greatest appreciation will be in the South Palo Alto and Midtown as these are the most affordable parts of the city.
0 votes
Mindy, Home Owner, 94306
Tue Mar 13, 2012
I am not a real estate professional, but my experience is that whenever a new construction happens in the neighborhood, the existing homes appreciate as well. The reasoning seems to be that newer homes always come with smaller lots and the lot value of surrounding land intrinsically appreciates due to this fact.

Barring that, if Palo Alto appreciates, then in general I'd expect the tide to lift all the neighborhoods. There is no such things as "undesirable neighborhood" in Palo Alto!

Just my 2c.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more