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 per month has held fairly steady over the past 12 months.
Average price are around $750,000 with about 4 or 5 sales per month.
It is a buyers market for Palo Alto condominiums with the days of inventory remaining at 160 days or higher.
90 days of inventory is typically considered balanced.
The number of Palo Alto condominiums sold year to date has decreased steadily from a high of about of 150 in 2005 to 64 in 2009.
The sale price to list price for Palo Alto condominiums has remained steady ay 97% over the past year.
To search for Palo Alto condominiums, click here.
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