Thought this was noteworthy for any buyer "sitting on the fence" but wants to purchase in Palo Alto. Palo Alto has always had the stigma of "If you put a trash can on the sidewalk you'd make money on your property." History has shown us that in the peninsula, Palo Alto is the "last" city to be affected in challenging times and the "first" city to go up. The following are a few examples of this. These were homes that were listed & sold in June, 2010.
2326 Hanover, Palo Alto - College Terrace area.
Newly constructed "82 year old" home; 6 bdr/3ba, 40,26 sq.ft. home, listed at $2,598,000, SOLD with pre-emptive offer of $2,700,000. Zero days on market.
536 Lowell Avenue
Approx. 50x200 sq.ft. lot
3 bdr/2ba home
Listed at $2,198,000 and SOLD for $2,260,000. 36 days on market.
1407 Pitman
This was a 9,300 sq.ft. lot.
Listed at $1,898,000 and SOLD for $2,000,000. Zero days on market.
951 Maddux
This 4 bdr/2ba, 1,428 sq.ft. home w/6,000 sq.ft. lot SOLD Off-Market for $1,075,000.
Then, my favorite.
585 N. California -- Old Palo Alto. 3 bdr/2ba, 1,604 sq.ft. home on approx. 8,000 sq.ft. lot, Listed at $1,350,000 and SOLD, with 19 offers, for $1,800,000.
Ahhh.. Palo Alto.
To end for this evening --
Menlo Park.
990 Berkeley Avenue, Menlo Oaks area.
Home ready to be demolished. 15,960 sq.ft. lot for building.
Listed at $698,900 and SOLD for $1,022,687.
Think we'll be seeing some new construction starting up again.... Until next time. Live Aloha. Ciana...
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