Silicon Valley real estate, explained by the Property Nerds®

What did Palo Alto houses actually gain? Not a city average, but the same house, sold twice. We matched 203 Palo Alto houses that sold in the last 24 months to their previous sale since 2012. Of those, 147 were about the same size both times, so the gain isn’t from an addition. The median one sold f

Price per square foot is the number everyone quotes, and in Palo Alto it depends heavily on the size of the house. Over the last 24 months, houses under 1,500 sq ft sold for a median $2,426 a square foot, and houses of 4,000 sq ft and up for $1,868. Here’s the full ladder, why bigger houses cost les

Trading a Palo Alto house for a condo or townhome is one of the biggest money moves a longtime owner makes. In the last 12 months the median Palo Alto house sold for $4M at about 1,910 square feet, and the median condo or townhome sold for $1.5M at about 1,390 square feet. That’s a gap of about $2.5