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Palo Alto Single-Family Homes – RECAP OF THE FIRST HALF OF 2019

  • Lower prices

  • Average price down 7.5%

  • Median price down 4%

  • 52% sold for more than list price

  • Price per square foot down 6%

  • 165 sales compared to 192 in 1st half 2018

Palo Alto Condos/Townhomes – RECAP OF THE FIRST HALF OF 2019

  • 36 sales compared to 39 in 1st half 2018

  • 20 sold for more than list price

  • Average price down 6%

  • Median price down 20%

  • Price per square foot down 13%

  • Majority of sales in South Palo Alto

Palo Alto Single-Family Homes – RECAP OF THE FIRST QUARTER OF 2019

  • Lower prices

  • Average price down 18%

  • Median price down 12%

  • 50% sold for more than list price

  • Price per square foot down 11%

  • 66 sales compared to 71 in Q1 2018

Palo Alto Condos/Townhomes – RECAP OF THE FIRST QUARTER OF 2019

  • 13 sales compared to 18 in Q1 2018

  • 7 sold for more than list price

  • Average price down 23%

  • Median price down 27%

  • Price per square foot down 21%

  • Majority of sales in South Palo Alto

Palo Alto Single-Family Homes – RECAP OF 2018

  • Record high prices

  • Average price exceeded $3.7 million

  • 67% sold for more than list price

  • 7 sales for $10 million or more; 19 sales over $7 million

  • No sales for less than $1.5 million

  • 50% of homes sold in 10 days or less

Palo Alto Condos/Townhomes – RECAP OF 2018

  • Record high prices

  • Average up 9%; median up 13%

  • 81% sold for more than list price

  • Number of sales down slightly

  • 20 sold for $2 million or more

  • Homes sold very quickly

Palo Alto Single-Family Homes – RECAP OF THE THIRD QUARTER OF 2018

  • Lower prices in Q3

  • Record high prices YTD

  • Average price YTD up 8%

  • Median price YTD up 10%

  • 67% sold for more than list price in Q3

  • Record high price per square foot

Palo Alto Condos/Townhomes – RECAP OF THE THIRD QUARTER OF 2018

  • Prices down in Q3

  • Record highs year to date

  • Average price up 12% since 2017

  • Median price up 15% since 2017

  • 85% sold for more than list price in Q3

  • Price per square foot up 19%