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The Palo Alto real estate market is often a bellwether in advance of what happens to real estate in the south bay of Silicon Valley. Here are some recent sales activity from Palo Alto Alain Pinel Realtor Carol Li to give you a flavor of what we might expect. (note: I have not personally confirmed this information, so call me if you need to make a real estate decision on it and I will get you more help):
1. 2553 Emerson Ave., Palo Alto – 5 offers on this midtown 3/2, 1784sf, home listed at $1,398,000 on pending within a week on the market. Top two offers went over $1.5M, sold 15% over the asking.
2. 2671 Emerson Ave., Palo Alto - 4 offers on this 4/2 listed at $1,648,000, sold to an all cash buyer. No contingency, as is, quick close clean offer.
3. 3250 Murry way, Palo Alto – 6 offers on this 3/2.5, 1,548+/-sf home listed at $1,098,000 sold within a week on mls.
4. 2340 Dartmouth, Palo Alto – sold off the market to an all cash buyer, the property was sold for land value. It was listed at $1,295,000 last year. Sold off the market.
5. 3715 Whitsell, Palo Alto – approximately 3 offers on this 3/1 home listed at $895,000.
6. 3145 Emerson, Palo Alto – sold to cash buyer; newly construction house. Seller rejected the low ball offer.
7. 601 Matadero, Palo Alto – multiple disclosure packages out.
Here is a list of currently available homes in Palo Alto priced under $2 million: