Home to Stanford University, this elegant and affluent community offers a lively blend of college-town and Silicon Valley appeal.
Median Sales Price
Year over year, Palo Alto witnessed a slight dip of 4% in the median sales price which can be attributed to less foreign demand
Days on market jumped by 44% to a median period of 13 days for a property to sell
Number of Sales
The number of homes sold increased by 13.8% as more local buyers seized the opportunity to purchase
Palo Alto is the heart and soul of culture and innovation in the Silicon Valley. The vibrant downtown University Avenue offers something for everyone with ethnic restaurants and enticing shops. Enjoy a cup of coffee at the Coupa Café on Ramona Street and listen to the buzz from founders of local and national start-ups talk about their new technologies. Grab an ice cream and watch an “indy” movie at the local movie theater, the Aquarius. Yet, in the midst of all this entrepreneurial energy, the town still maintains a small-town feeling with its tree-lined streets and Stanford University football games.
The newly renovated outdoor Town & Country Shopping Center is a pure delight offering many restaurants, Books, Inc. – one of the last independently owned book stores, a great toy store, several boutique clothing stores, Peets Coffee, the Bar Method and the list goes on. The Palo Alto school district is home to two of the highest ranked high schools in the country, Gunn High and Palo Alto (aka “Paly”) High School. Palo Alto has five main areas that real estate agents distinguish between: North Palo Alto, Midtown, South Palo Alto, Barron Park and the area of College Terrace & Peers Park.