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2016 Palo Alto Real Estate Review

To be a specialist in Palo Alto, you need to have a thorough understanding of market data and trends. The Troyer Group provides that information to homeowners every year, with quarterly updates throughout the year.

The most comprehensive reports for Palo Alto single family homes, as well as condos/townhomes, are now available. Please contact David Troyer with questions and/or for a personal market analysis for your Palo Alto home, condo, or townhome.

RECAP OF 2016 – Palo Alto Single Family Homes

  • Average and median prices decline for the first time in 7 years
  • Average price doubled since the recession low in 2009
  • Double digit appreciation in Professorville and Palo Alto Hills
  • 3 sales for more than $10 million
  • No sales for less than $1.2 million
  • Median days on market 13; highest in 5 years
  • 58% sold for more than list price

RECAP OF 2016 – Palo Alto Condos/Townhomes

  • Average and median prices increase just slightly
  • Average price almost double since the recession low in 2010
  • 15 sales for more than $2 million
  • Median days on market 14; highest in 5 years
  • 62% sold for more than list price