Arn Cenedella

Palo Alto Real Estate Market October 2008

What is happening in the Palo Alto real estate market during the month of October 2008?

Below you will find a list of all single family homes listed in Palo Alto between October 1, 2008 and October 31, 2008

 The average list price of the 54 single family homes listed in Palo Alto between October 1, 2008 and October 31, 2008 was $1,942,345.

 10 of the Palo Alto homes listed in October 2008 have sold.

4 were listed below $1,000,000.

5 were listed between $1,000,000 and $1,500,000.

1 was listed at $1,950,000.

As was the case in San Carlos, the entry level priced home seems to be selling more quickly and more foten than the higher price range homes. Again, my sense is buyers are taking advanatage of the current slow market to get into Palo Alto. Move-up buyers appear to be more cautious at the current time.

This entry was posted on Thursday, November 6th, 2008 at 10:20 pm and is filed under New listings, Palo Alto Real Estate, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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