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 Valley real estate agents propose…
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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 protecting a property owner from…
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 bumps up.
Average Size Of Palo Alto House Sold Spikes Up
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 average size created a spike in…
New Palo Alto Townhouses Coming
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 of the townhouses is roughly…
Opendoor iBuyer – When RE Tech Is Misused
In an August 1, 2022 press release the FTC had some harsh words for Opendoor Labs, Inc. In addition to imposing a $62 Million fine, the press release said: “There is nothing innovative about cheating consumers.” “in reality, most people who sold to Opendoor made thousands of…
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 (upscale)52.9%65.5%Minor Kitchen…
Are Closed Campuses Affecting Home Prices?
With many college campuses either closed or partially closed, there are fewer renters near the campuses. Has the decrease in rental demand tipped demand for owning homes in those locations? Stanford University is adjacent to the Palo Alto College Terrace Neighborhood. Many of the Stanford students…
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 one of the tallest buildings in Palo Alto simply falls into the category of a prestigious, very…
Downtown Palo Alto Neighborhood
At the beginning of the Covid-19 pandemic there was speculation that urban home prices would suffer. As of the end of November, 2020, there is no indication that home prices in Downtown Palo Alto are even slightly suffering. Downtown Palo Alto House Prices More information about the Downtown Palo…
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