SF Peninsula Real Estate Guru

Gwen Luce of Coldwell Banker Menlo Park recently listed a home at 830 Ilima Ct., Palo Alto.

List price is $1,395,000 for an 1890 square foot home in a 7200 sqaure foot lot in Barron Park. Barron Park is a very desirable Palo Alto neighborohood west of El Camino Real. It was the last major annexation into the City of Palo Alto. The area has maintained its charming country feel with no sidewalks to be found. There are several neighborhood parks and the local kids go to Gunn High School. 

This property just sold with 15  20  offers. Another agent in my office did not represent the “winning buyer” and her client made an offer well in excess of list!

But I guess the newspapers and Jim Cramer must be right  !!!!- buyers can’t get financing and since there were only 15 offers, the bubble must be bursting…..I guess if the market wasn’t so weak, there would have been 45 offers on the property!

Don’t believe everything you hear - contact an experienced local real estate professional to get the up-to-date information you need to make an informed decision.