How Can I Sell My Home For The Most Money?

A common question is “How can I sell my home for the most?” Sharon Lee, the head of the listing department at JLee Realty, provided extensive ideas for you to think about. The first seven ideas are basic and are often mentioned even though many Silicon…

How Can I Sell My Home For The Most Money?

A common question is “How can I sell my home for the most?” Sharon Lee, the head of the listing department at JLee Realty, provided extensive ideas for you to think about. The first seven ideas are basic and are often mentioned even though many Silicon…

Protected Trees

It has become more and more critical to understand protected trees when buying a new home. Tree protection ordinances are specific to the city that created them. Although state law overrides city ordinances, do not simply assume that laws such as CA Civil Code 3479…

Low DOM For Palo Alto Houses

Recently JLee Realty began plotting median days on market in addition to average days on market for homes for sale. The median plot emphasizes the change that began around 2012. The median days on market for Palo Alto real estate stays very low with only occasional…

New Townhouses Coming – Summerhill Homes

Summerhill Homes purchased a 2.4-acre site at 2850 W. Bayshore Road in Palo Alto for $27.5 million through an affiliate. The site currently has a single-story office building. Their proposed development would have 48 three-story townhouses. The rendering of the front…

Selling? … Manage Your Expenses

In recent years the amount of money spent fixing up a home, by homeowners wanting to sell, has been insane. Value Of Remodeling Project PROJECT20202019Add Bathroom (midrange)77.8%66.0%Add Bathroom (upscale)65.9%65.5%Bath Remodel (midrange)69.5%74.5%Bath Remodel…

2 Bedroom, Downtown Condo $8M+

In the 4th quarter of 2020, the fourth most expensive home sold in Palo Alto was a Downtown Palo Alto condo. Condo: 2 bedroom | 2.5 bath | 3,516 sf | Homer Ave | $8M+ The penthouse condo located on top of a newer(2009) 3-story building in Palo Alto simply falls into…

Palo Alto Real Estate Trends

Palo Alto house price per sq.ft.

The plot of both average and median quarterly Palo Alto house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.

Palo Alto house sales price vs. list price

Changes in the Palo Alto real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.