Comments on: Are Palo Alto House prices in trouble? What’s going on here?

By: Herve Estater

Herve Estater — Fri, 26 Jun 2009 06:35:54 +0000

> 848 Southampton already passed one year anniversary for being in market!

And it’s been 5 months since the last drop. $4.2M soon? Then $3.9M?

By: Pralay

Pralay — Fri, 26 Jun 2009 06:12:00 +0000

848 Southampton already passed one year anniversary for being in market!

By: Pralay

Pralay — Fri, 26 Jun 2009 06:05:55 +0000

But according to our "pulse of the market" pro, Q1 was the bottom. Therefore, this property must have appreciated already and doubled to $1.6M.

By: nomadic

nomadic — Fri, 26 Jun 2009 06:02:19 +0000

This place went for $815k. Wow, it took 20 YEARS for it to double in price; 3.4% appreciation per year. tsk tsk

Still, $726/sf – however there aren’t many sf in this little house.

By: Terry

Terry — Fri, 26 Jun 2009 05:44:56 +0000

I just hope all those realtors who I spoke to this time last year, those guys who told me palo alto NEVER comes down are keeping tabs on this. At the peak of the boom a house could have sold for 1.3 million is now around 900,000 by my index. That guys is a 20 percent decrease and MORE IS YET TO COME, particularly if you had your money off shore which means you have done doubly well for not buying last year as the US dollar tanked too.

By: Real Estater

Real Estater — Sun, 22 Mar 2009 05:15:47 +0000

SOLD!

By: nomadic

nomadic — Thu, 29 Jan 2009 16:48:32 +0000

… and absolutely cubical! LOL.

By: nomadic

nomadic — Thu, 29 Jan 2009 16:47:43 +0000

No doubt it’s a pretty house, but it seems a bit “office building” like too. The sort of place I can admire but cannot imagine actually living in.

By: steve

steve — Thu, 29 Jan 2009 08:16:11 +0000

it is so pretty inside, though. it really belongs on a vew lot in LAH or PV.

By: Herve

Herve — Thu, 29 Jan 2009 08:05:55 +0000

And the house is too… cubical?