With many college campuses either closed or partially closed, there are fewer renters near the campuses. Has the decrease in rental demand tipped demand for owning homes in those locations? Stanford University is adjacent to the Palo Alto College Terrace Neighborhood. Many of the Stanford students and even visiting professors rent a place to stay, near the campus. The … [Read more...] about Are Closed Campuses Affecting Home Prices?
In the 4th quarter of 2020, the fourth most expensive home sold in Palo Alto was a Downtown Palo Alto condo. Condo: 2 bedroom | 2.5 bath | 3,516 sf | Homer Ave | $8M+ The penthouse condo located on top of a newer(2009) 3-story building in Palo Alto simply falls into the category of a prestigious, very rarely available, type of property in a very desirable city. In … [Read more...] about 2 Bedroom, Downtown Condo $8M+
At the beginning of the Covid-19 pandemic there was speculation that urban home prices would suffer. As of the end of November, 2020, there is no indication that home prices in Downtown Palo Alto are even slightly suffering. More information about the Downtown Palo Alto neighborhood, including more real estate trends and downtown attractions, is available at: Downtown Palo … [Read more...] about Downtown Palo Alto Neighborhood