Palo Alto, CA Real Estate News

By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 27 single family Palo Alto homes for sale up from 16 last week. There are currently 5 Palo Alto town homes/condos for sale, up from 4 last week. There are currently 41 pending sales of Palo Alto single family homes, down from 42 last week. There are currently 7 pending sales of Palo Alto Town homes/Condos, down from 8 last week. In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well. In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  rangi...
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By MichelleCherie Carr Crowe .Just Call. 408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years
(Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty)
A Dozen Different Fascinating Facts That Happened on April 5 By Michelle Carr Crowe, Silicon Valley real estate guide selling homes in San Jose What do Easter Island, Pocahontas and Kerala, India have in common? All 3 share an important anniversary today on April 5. Are you like me, an inquisitive person who enjoys learning? If you’ve read my blog, you know one of the pastimes I enjoy is discovering new facts and interesting pieces of history. I like to share intriguing stories from our local newspaper the San Jose Mercury News, as well as my favorite print and online magazinesMental Floss, the National Geographic Society or  Smithsonian Magazine. Other times I find articles or facts online at The History Place, Brainy History,orDates In History.These events for today’s blog post are pr...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
When selling a home in Palo Alto I don't believe there is such a thing as too many fresh flowers, especially in the spring time. I will concede that it is probably better not to have the home look like a funeral parlor, but short of that, nothing makes a Palo Alto home for sale more appealing than fresh flowers. Home buying may be the biggest financial investment a person makes in his/her lifetime, but it is still ultimately an emotional decision. Walnut floors and quartz counter tops may be on a buyer's wish list, but the impact of coming into a home with fresh flowers is as the saying goes, "Like a breath of fresh air." Flowers never fail to give the buyer that over joyed feeling so important for a first impression. There is a reason that people give flowers on Valentine's day. They ...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Investors, here are northern Silicon Valley multi-family properties for sale as of April 4, 2013.  This area includes the towns of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos, Los Altos Hills, Mountain View, and Sunnyvale. This is the lowest sales inventory of units in a long time, due primarily to increasing home prices and rents throughout Silicon Valley.  If you would like to be contacted immediately when a property that fits your investment criteria comes on the market, drop me an email. Click on a property’s Address to view photos and the property’s MLS listing information.   1112 BORANDA AV, MOUNTAIN VIEW, CA 94040   $13,000,000 12 Units           1960 SAN RAMON AV, MOUNTAIN VIEW, CA 94043   $5,250,000 7 Units        1187 BORANDA AV, MOUNTAIN VIEW, CA 9404...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Palo Alto homes and condos are in demand due to increased employment in the area and a lack of homes for sale in surrounding communities.  Of 38 homes now on the market, only 8 are priced under $1M.  Not surprisingly, most are condos. Here are Palo Alto homes and condos for sale under $1M as of April 4, 2013.  Click on a property’s Address to view photos and detailed information.     3507 PARK BL, PALO ALTO, CA 94306   $998,000 Bedrooms: 3 Bathrooms: 1 Sq. Ft.: 1,006       555 BYRON ST #305, PALO ALTO, CA 94301   $995,000 Bedrooms: 2 Bathrooms: 2 Sq. Ft.: 1,548       737 LOMA VERDE AV #9, PALO ALTO, CA 94303   $989,000 Bedrooms: 3 Bathrooms: 2 full | 1 partial Sq. Ft.: 1,500 Open House on Saturday, Apr 6, 2013 1:30 PM - 4:30 PM         1142 STANISLAUS LN, PALO ALTO, CA 94303   $948,000 ...
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By Kevin Dalonzo
(Intero Real Estate Services)
Professionalism- This includes everything from how we look, how our materials look, how we act, what we say, how we say it, the, how we carry ourselves, how we listen to what customers are saying. Professionalism can be hard to define and covers a wide variety of topics and issues. People will pay for a professional and that is who we are. Reliability- People can count on us and the word we give them. Being accessible is key, This doesn't mean we can be reached 24/7 but it does mean that we respond quickly and with answers. Being reliable means keeping clients informed and doing what I promised to do. 3) Honesty and Integrity 4) Great Communication 5) High Level of Efficiency and Effectiveness 6) Great Follow up 7) Great Internet skills 8) Belief and Self Confidence 9) Knowledge of the...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 16 single family Palo Alto homes for sale down from 24 last week. There are currently 4 Palo Alto town homes/condos for sale, down from 5 last week. There are currently 42 pending sales of Palo Alto single family homes, up from 35 last week. There are currently 8 pending sales of Palo Alto Town homes/Condos, the same as last week. In March of 2013 there were 28 single family Palo Alto homes sold, twice as many as in Feb.,  ranging in price from $859,000 to $7,650,000. This is a much broader price range than in Feb as well. In Feb of 2013 there were 12 Palo Alto Town Homes/Condos sold, 3 times as many as in Feb.,  ran...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
That there is a shortage of Palo Alto homes and land for sale today to meet the steadily increasing volume of buyers is an understatement.  As of this morning, there are 28 homes for sale, 22 of which have an asking price over $1M (yes, that’s 79%).  If anyone wants to build a custom home, there are just two pieces of residential land for sale, one asking $12.5M (5 acres from the old Hewlett estate far up in the hills) and the other asking $5M (20 acres, can be subdivided in half).  There’s nothing in the local Silicon Valley MLS for the person who just wants to build a nice custom home on an acre or less close to downtown, Stanford University, or local business centers. Or is there? If you’ve wanted sell your Palo Alto home or rental property, but have been concerned about its conditio...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Here are the Top 10 Silicon Valley luxury homes and estates on the market today.  Mid-priced luxury homes are receiving good offers quickly, though ultra-luxury homes priced above $10M continue to sell slowly. Hat tip to Woodside, which boasts the top listed property, currently offered at $85,000,000. That's Apple Jack's saloon in La Honda, where I stopped while working in the Santa Cruz Mountains this past week. Here are Silicon Valley’s Top 10 luxury homes and estates for sale as of March 29, 2013.  View photos and details by clicking on the Address for each property.     331 GREER RD, WOODSIDE, CA 94062   $85,000,000 Bedrooms: 6 Bathrooms: 4 full | 1 partial Sq. Ft.: 9,000               236 PARK LN, ATHERTON, CA 94027   $34,888,000 Bedrooms: 6 Bathrooms: 4 full | 4 partial Sq. Ft.: 1...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 24 single family Palo Alto homes for sale down from 26 last week. There are currently 5 Palo Alto town homes/condos for sale, the same as last week. There are currently 35 pending sales of Palo Alto single family homes, up from 32 last week. There are currently 8 pending sales of Palo Alto Town homes/Condos, down from 11 last week. In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000. In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.    These numbers are sti...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Owners of raw or vacant land are often faced with the decision to keep or sell the property in order to draw some type of value from it.  While vacant land doesn’t usually provide any income, it certainly generates costs such as property taxes, weed abatement, security fencing and other expenses.  If our land is well-located we could certainly sell it, but what if we want to keep that land?  Perhaps it’s land that’s been in the family for generations and there are strong emotional ties to it.  Maybe the land is on a community growth path that is likely to substantially increase the land’s value – but not for another 10 to 15 years. Here are five ways to derive income from vacant land with only minor investment while retaining ownership. 1.    Seasonal Lease.  Many organizations and busi...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
 It’s time again to look at theTop 10 Silicon Valley luxury homes and estates on the market today.  Mid-priced luxury homes are receiving good offers quickly, though ultra-luxury homes priced above $10M continue to sell slowly. Here are Silicon Valley’s Top 10 luxury homes and estates for sale as of March 21, 2013.  View photos and details by clicking on the Address for each property.  Please contact me if you have any questions or if I may assist with your search of Silicon Valley luxury homes and estates.   331 GREER RD, WOODSIDE, CA 94062                 $85,000,000 Bedrooms: 6 Bathrooms: 4 full | 1 partial Sq. Ft.: 9,000                   236 PARK LN, ATHERTON, CA 94027                 $34,888,000 Bedrooms: 6 Bathrooms: 4 full | 4 partial Sq. Ft.: 12,508                   16450 AZTE...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Palo Alto homes and condos are in demand due to increased employment in the area and a lack of homes for sale in surrounding communities.  Of 43 homes now on the market, only 10 are priced under $1M.  Not surprisingly, most are condos. Here are Palo Alto homes and condos for sale under $1M as of March 21, 2013.  Click on a property’s Address to view photos and detailed information.   733 COLORADO AV, PALO ALTO, CA 94303                 $998,000 Bedrooms: 2 Bathrooms: 1 Sq. Ft.: 811                   3507 PARK BL, PALO ALTO, CA 94306                 $998,000 Bedrooms: 3 Bathrooms: 1 Sq. Ft.: 1,006                   555 BYRON ST #305, PALO ALTO, CA 94301                 $995,000 Bedrooms: 2 Bathrooms: 2 Sq. Ft.: 1,548                   1142 STANISLAUS LN, PALO ALTO, CA 94303              ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Palo Alto Real Estate Agent I am always being asked, "How's the market in Palo Alto?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 26 single family Palo Alto homes for sale up from 18 last week. There are currently 5 Palo Alto town homes/condos for sale, down from 5 last week. There are currently 32 pending sales of Palo Alto single family homes, up from 31 last week. There are currently 11 pending sales of Palo Alto Town homes/Condos, the same as last week. In Feb of 2013 there were 14 single family Palo Alto homes sold ranging in price from $1,670,000 to $3,100,000. In Feb of 2013 there were 4 Palo Alto Town Homes/Condos sold ranging in price from $900,000 to $1,706,000. the trend, few sales, higher prices since Jan.    These numbers are still...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Silicon Valley luxury condos offer a sophisticated lifestyle without the hassles of mowing the lawn or cleaning the pool.  Condos with a full range of amenities are available throughout the Valley, including the most exclusive condos priced above $1,000,000. Here are the 23 Silicon Valley luxury condos for sale above $1M as of March 16, 2013.  Click on a property’s Address to view photos and detailed information.   Silicon Valley Luxury Condos For Sale   356 SANTANA RW #306, SAN JOSE, CA 95128   $3,280,000 Bedrooms: 4 Bathrooms: 4 Sq. Ft.: 3,856       356 SANTANA RW #311, SAN JOSE, CA 95128   $1,950,000 Bedrooms: 3 Bathrooms: 3 full | 1 partial Sq. Ft.: 2,288 Open House on Saturday, Mar 16, 2013 1:00 PM - 4:00 PM         88 E. SAN FERNANDO #2104, SAN JOSE, CA 95113   $1,799,000 Bedrooms...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Buyers, sellers, investors, welcome back to Real Estate Jargon, aka, simple explanations of real estate terms not normally found in nature.  Today we’re looking at “condotel.”  Condotel is a hybrid term that is applied to properties that are part hotel and part condo.  You may have seen condotels offered for sale, but it’s good to know about the complexities of condotel ownership before considering a purchase. Condotel facilities are typically suites hotels that allow individual ownership of each unit.  They are most often located in resort areas that attract vacation renters, but may be a seasonal home for the owner.  Some are located in downtown areas of large cities, where they can be used for vacation rentals or temporary corporate housing.  They are often high-rise buildings (five ...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Investors, here are northern Silicon Valley multi-family properties for sale as of March 14, 2013.  This area includes the towns of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos, Los Altos Hills, Mountain View, and Sunnyvale. This is the lowest sales inventory of units in a long time, due primarily to increasing home prices and rents throughout Silicon Valley.  If you would like to be contacted immediately when a property that fits your investment criteria comes on the market, drop me an email. Click on a property’s Address to view photos and the property’s MLS listing information.   1960 SAN RAMON AV, MOUNTAIN VIEW, CA 94043   $5,250,000 7 Units       1187 BORANDA AV, MOUNTAIN VIEW, CA 94040   $2,500,000 8 Units               2889 ALMA ST, PALO ALTO, CA 94306   $...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Are you selling a home in Palo Alto? If so you may take a look at the market conditions and think, I don't have to be nice to the buyers, they should be grateful I am letting them buy my house. This would be a reasonable conclusion considering that so many homes have multiple offers and most buyers are paying 10-20%+ over list price with no contingencies. Seems like a Palo Alto seller's paradise right? Not so fast. Yes, there are more buyers than sellers in Palo Alto right now. Yes, it seems like sellers are in total control; but we have been down this path before. Buyers will get caught up in the emotions of so much competition to get a home. They will make all kinds of offers that are fraught with risks for the buyer. Before escrow closes on the Palo Alto house you are selling the buy...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Palo Alto residential lots are scarce as general inventory of homes in the area are leading Silicon Valley’s housing market recovery.  Very few single family lots have come on the market, driving many who would like to build a custom home in Palo Alto to resort to buying tear-downs and rebuilding.  If you’re looking for a home site to build on in Palo Alto – tear-down or an empty lot – we can help. Here are Palo Alto residential lots and land for sale as of March 11, 2013.  Click on the property’s Address to view detailed information and photos.   0 LOS TRANCOS RD, PALO ALTO, CA 94304   $12,500,000               Lot sizes are approximate and use of the land is subject to local government regulation and approval.     Contact Us for help buying and selling Silicon Valley real estate -----...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Silicon Valley luxury homes and estates can be found in the finest neighborhoods on the Peninsula, from  Atherton to Los Gatos.  Mid-priced luxury homes are receiving good offers quickly, though ultra-luxury homes priced above $10M continue to sell slowly. Here are Silicon Valley’s Top 10 luxury homes and estates for sale as of March 11, 2013.  View photos and details by clicking on the Address for each property.  Please contact me if you have any questions or if I may assist with your search of Silicon Valley luxury homes and estates.   331 GREER RD, WOODSIDE, CA 94062   $85,000,000 Bedrooms: 6 Bathrooms: 4 full | 1 partial Sq. Ft.: 9,000       236 PARK LN, ATHERTON, CA 94027   $34,888,000 Bedrooms: 6 Bathrooms: 4 full | 4 partial Sq. Ft.: 12,508       KINGS MOUNTAIN RD, WOODSIDE, CA 9...
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