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Palo Alto Single-Family Homes – RECAP OF 2019

  • Median price up 8% to record high

  • Average price down 18% but still over $3 million

  • 3 sold over $11 million; 10 over $7 million

  • No sales under $1 million

  • Prices up in some areas

  • 52% sold over list price

  • Number of sales steady

  • Days on market increased

Palo Alto Condos/Townhomes – RECAP OF 2019

  • Average price down 7%

  • Median price down 12%

  • 55% sold for more than list price

  • Fewest number of sales on records back to 2003

  • 3 sold for $3 million or more

  • Days on market increased

     

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

  • Lower prices in Q3

  • Average price YTD down 7%

  • Median price YTD down 4%

  • 57% sold for more than list price in Q3

  • Homes took slightly longer to sell

  • 241 sales YTD compared to 263 YTD in 2018

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

  • Lower prices in Q3

  • Average price YTD down 6%

  • Median price YTD down 12%

  • 65% sold for more than list price in Q3

  • Homes took longer to sell

  • 53 sales YTD compared to 66 YTD
    in 2018

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