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...
An unexpected change in Palo Alto real estate trends was spotted on Aug 23, 2023. The average size of houses sold spiked up dramatically to its highest ever quarterly value. Although the Palo Alto house price per sq. ft. did not change dramatically, the spike in...
Short-term rental income, such as is typical from Airbnb & Vacation rental real estate, is typically higher per day than from conventional long-term home leases. For many investors, the opportunity short-term rental provides for using depreciation losses to reduce...
Unfortunately many first time home buyers believe that if a house is offered for sale with a specified offer date, they have to make their offer on that date, or perhaps later if it isn’t sold. There are no laws that prevent home sellers from accepting a...
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...
