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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%

Palo Alto Single-Family Homes – RECAP OF THE FIRST HALF OF 2018

  • Record high prices, again

  • Average price increased 10%

  • Median price increased 12%

  • 75% sold for more than list price

  • Sales up 13% compared to 1st half 2017

  • Price per square foot up 12%

Palo Alto Condos/Townhomes – RECAP OF THE FIRST HALF OF 2018

  • Dramatic record high prices

  • Average price increased 18%

  • Median price increased 19%

  • 89% sold for more than list price

  • Number of sales down 7% compared to 1st half 2017

  • Price per square foot up 25%

     

Palo Alto Single-Family Homes – RECAP OF 2017

  • Record high prices

  • Average price exceeded $3.5 million

  • 70% sold for more than list price

  • Average price doubled in 6 years

  • 5 sales for more than $10 million; 18 sales over
    $7 million

  • No sales for less than $1.2 million

  • Median days on market matched record low of 9

Palo Alto Condos/Townhomes – RECAP OF 2017

  • Average price up 5% to a record high

  • Average price more than doubled in 7 years

  • 77% sold for more than list price

  • Number of sales declined

  • 15 sales for $2 million or more

  • Homes sold very quickly