so says Warren Buffet…………
The Real Estate Bloggers report that Warren says:
“within a year or so, residential housing problems should largely be behind us”
“prices will remain below “bubble levels””
“many families that couldn’t afford to buy an appropriate home a few years ago now find it well with their means”
Click here for full article.
I would say Don’t […]
Entries Tagged as 'Palo Alto Real estate'
Real Estate Market to Rebound in 2011
March 1st, 2010 · No Comments
Tags: Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · East Palo Alto real estate · los altos real estate · Palo Alto Real estate · San Carlos Real Estate · Menlo Park Real Estate
What has happened to our local real estate market over the past 12 months?
February 28th, 2010 · No Comments
Let’s take a look at inventory levels for single family homes in Palo Alto, Menlo Park, and San Carlos over the past 12 months.
As we can see, the number of homes for sale in Palo Alto, Menlo Park, and San Carlos dropped during 2009 reaching a low right around the holiday season where many homeowners […]
Tags: San Carlos Real Estate · Palo Alto Real estate · Menlo Park Real Estate
Palo Alto condominium market
November 21st, 2009 · No Comments
Let’s take a look at the Palo Alto condominium market.
Most of the condominiums in Palo Alto are located in downtown Palo Alto or near ther California Avenue Shopping District on in south Palo Alto along El Camino or near 101 down by San Antonio and East Meadow.
Prices for Palo Alto condominiums and number of sales […]
Tags: Palo Alto Real estate
Palo Alto Real Estate Market update
November 4th, 2009 · No Comments
The table belows shows home sale data in Palo Alto:
Trends At a Glance
Sep 2009
Previous Month
Year-over Year
Median Price
$1,240,000
$1,298,000 (-4.5%)
$1,467,000 (-15.5%)
Average Price
$1,337,490
$1,494,330 (-10.5%)
$1,750,850 (-23.6%)
No. of Sales
36
27 (+33.3%)
24 (+50.0%)
Pending Properties
46
49 (-6.1%)
21 (+119.0%)
Active
107
96 (+11.5%)
93 (+15.1%)
Sale vs. List Price
98.9%
97.7% (+1.2%)
99.3% (-0.4%)
Days on Market
51
40 (+29.0%)
33 (+53.3%)
The average and median sales price in Palo Alto dropped between 5% and 10%.
The number of sales increased to 36 in September 2009 from 27 in August 2009.
The sales to list price ratio increased slightly and days on market […]
Tags: Palo Alto Real estate
Palo Alto real estate market Average Days on Market 2005 to present
October 25th, 2009 · No Comments
Below you will see a chart that graphs Average Days on Market in Palo Alto from 2005 to present. Days on market is defined as number of days from list date to contract date.
As you can see, average days on market in Palo Alto in 2005 and 2006 was 30 days.
From July 2008 to July […]
Tags: Palo Alto Real estate
Palo Alto real estate market Inventory 2005 to present
October 21st, 2009 · No Comments
Let’s look at the Palo Alto market for the perspective of available inventory (or homes for sale) from January 1, 2005 to now.
In 2005 and 2006, average inventory was about 75 to 80 homes.
Inventory than dropped to an average of about 40 homes in 2007.
Inventory has risen significantly since January 1, 2008 to July 1, […]
Tags: Palo Alto Real estate
Palo Alto real estate market Median Price 2005 to present
October 21st, 2009 · No Comments
Let’s take a look at the Palo Alto real estate market since January 1, 2005.
The chart below shows the median price for a single family home in Palo Alto.
The current median price is similar to the median price in 2005.
From July 1, 2006 to July 1, 2007; the median price in Palo Alto increased 60% […]
Tags: Palo Alto Real estate
The real estate market on San Francisco Peninsula has heated up
September 17th, 2009 · No Comments
In my previous few posts, I documented that the number of homes sold in San Carlos Menlo Park and Palo Alto during the second quarter of 2009 was TWICE the number of homes sold in the first quarter of this year.
The numbers tell the story - but stories also illiminate the numbers.
I recently wrote an […]
Tags: Redwood City real estate · Portola Valley Real Estate · Mountain View real estate · First-time home buyers · East Palo Alto real estate · los altos real estate · Palo Alto Real estate · Sunnyvale Real Estate · San Carlos Real Estate · Menlo Park Real Estate
Palo Alto real estate data
September 9th, 2009 · No Comments
Here is real estate data for Palo Alto over the past three years expressed on a quarterly basis.
The charts below show that the real estate market improved in Palo Alto like it did in San Carlos and Menlo Park.
It looks like the real estate market in Palo Alto has improved.
Let’s see if this trend continues […]
Tags: Palo Alto Real estate
San Carlos Menlo Park and Palo Alto markets are on the upswing!
September 9th, 2009 · No Comments
The real estate markets in San Carlos, Menlo Park, and Palo Alto are showing signs of strength.
It is my humble opinion that the market has stabilized and is on the upswing.
Don’t take my word for it, let’s look at the data comparing the first quarter 2009 with the second quarter in 2009 for San Carlos, […]
Tags: San Carlos Real Estate · Palo Alto Real estate · Menlo Park Real Estate