Palo Alto is a community with a lot going for it. Best of all, home values have remained stable over the past few years in most neighborhoods and prices have even gone up in a few. During a routine property search for a relocation client this morning, I stumbled across an interesting fact: In Palo Alto, there is only one bank owned property and one short sale property listed on the MLS (single family homes only).
The lone single family home currently listed as bank-owned:
|
Type |
Bed/Bath |
Price |
Square Feet |
|
Single Family |
5/3 |
$1,169,000 |
2,065 |
The lone single family home currently listed as a short sale:
|
Type |
Bed/Bath |
Price |
Square Feet |
|
Single Family |
3/2 |
$995,000 |
1,646 |
Is this a sign of economic conditions improving? Of the housing market rebounding? I'm not sure, so I'll let the fact speak for itself.
Whether looking to move up from elsewhere in the Bay Area or relocating from out of town, give me a call or shoot me an email if you would like to know more about homes available in Palo Alto and the greater Bay Area.
New properties come on the market every day. Properties shown above are listed on the local multiple listing service as of December 29, 2010.
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