Asked by Marco, Palo Alto, CA • Thu Jan 15, 2009
I am considering the trade off between purchasing or build a new home in the peninsula. Prices for resales, while softening still seem high.
What are current market rates for new construction in this area? Anecdotally, I've heard figures of $400-$500/sf including land for hign end finishes. I am thinking of Woodside specifically. If true, this compares favorably to upwards of $1K/sf in the same area.
Any input appreciated.
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