Is this a good time to sell your Palo Alto Condo or Town Home? The answer is YES YES YES YES YES!!!!!! I can not stress this enough. If you have a condo or town home in Palo Alto you are thinking of selling, don't hesitate! The market is screaming for you to get it done, now.
There are currently 5 town homes/condos on the market in Palo Alto. I did not forget a zero. 5. In a seller's market there would generally be 15 units for sale. In a buyer's market you need to have over 25 units for sale. 5 is so low there are no words to describe the market.
Apple and Google are growing like the plant in Little Shop of Horrors, and like the plant, would love to take over the world. The number of people moving into the area with good jobs and the need of a place to live is astronomical. They are often young, busy, and not necessarily looking for a lot of garden space to look after. So it is just a numbers game. Hundreds of young professionals are looking for homes and only 5 people selling a condo or town home in Palo Alto
If you are planning on selling your Palo Alto condo or town home this year, do it now, while there is so little inventory and so much interest. You won't be sorry!