Comments on: $2k per square foot in Palo Alto http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Wed, 08 Feb 2012 05:57:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Real Estater http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41120 Real Estater Wed, 17 Nov 2010 07:55:53 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41120 >>As our real estate expert said, it is impossible to overprice in 94301. I'm pretty sure the only person who has ever made the above statement is you, Pralay. >>As our real estate expert said, it is impossible to overprice in 94301.

I’m pretty sure the only person who has ever made the above statement is you, Pralay.

]]> By: SEA http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41119 SEA Wed, 17 Nov 2010 07:35:33 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41119 Real Estater- "In this case the seller obviously adopted an unusual pricing strategy." I'm starting to see a bit too much of this new "unusual pricing strategy." Hopefully the RBA can get back to "over-bidding." We don't want all the kids deprived of a proper education. Real Estater- “In this case the seller obviously adopted an unusual pricing strategy.”

I’m starting to see a bit too much of this new “unusual pricing strategy.” Hopefully the RBA can get back to “over-bidding.” We don’t want all the kids deprived of a proper education.

]]> By: Pralay http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41118 Pralay Wed, 17 Nov 2010 04:23:30 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41118 <i>Once again, I fail to see how this can be happening in 94301.</i> ----- As our real estate expert said, it is impossible to overprice in 94301. When this property with 12500 sq-ft lot size was listed for $2.5M, it was located in different zip code. This one has moving parts for sure. Although little bit slow (it took 9 months to move into 94301). Once again, I fail to see how this can be happening in 94301.
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As our real estate expert said, it is impossible to overprice in 94301. When this property with 12500 sq-ft lot size was listed for $2.5M, it was located in different zip code. This one has moving parts for sure. Although little bit slow (it took 9 months to move into 94301).

]]> By: Real Estater http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41117 Real Estater Wed, 17 Nov 2010 02:26:30 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41117 As I said before, $1000/sf is a fair price to pay for 94301. In this case the seller obviously adopted an unusual pricing strategy, but still did well as measured against my guideline. In fact, the property is located very close to Caltrain (and the future high speed rail), which is probably why the seller decided not to pass it on to the future generation. As I said before, $1000/sf is a fair price to pay for 94301. In this case the seller obviously adopted an unusual pricing strategy, but still did well as measured against my guideline. In fact, the property is located very close to Caltrain (and the future high speed rail), which is probably why the seller decided not to pass it on to the future generation.

]]> By: SEA http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41116 SEA Tue, 16 Nov 2010 23:04:30 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41116 nomadic- Maybe the buyer should have rented? nomadic- Maybe the buyer should have rented?

]]> By: nomadic http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41115 nomadic Tue, 16 Nov 2010 22:20:33 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41115 Still a huge win for PA. The old assessed value was $70k. Still a huge win for PA. The old assessed value was $70k.

]]> By: SEA http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41114 SEA Tue, 16 Nov 2010 22:14:42 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41114 Sold. Sep 23, 2010 Sold (Public Records) $1,500,000 -- Public Records Sep 23, 2010 Sold (MLS) $1,500,000 -- Inactive MLSListings #81037978 Listed for $2.5M (from above) Sold for $1.5M (redfin.com) Asking price at pending $2.0M (redfin.com) Yup, that's $500k (not a lot of money) under asking, but what school are the seller's kids going to attend? And shouldn't the <a href="http://www.burbed.com/2009/05/19/what-does-a-saratoga-house-buy-you-in-port-washington/#comment-45417" rel="nofollow"> home be passed down to the next generation?</a> Once again, I fail to see how this can be happening in 94301. Then again I'm not sure how one can pass a home down to the next generation and use the over-bidding to pay for their education. Sold.

Sep 23, 2010 Sold (Public Records) $1,500,000 — Public Records
Sep 23, 2010 Sold (MLS) $1,500,000 – Inactive MLSListings #81037978

Listed for $2.5M (from above)
Sold for $1.5M (redfin.com)
Asking price at pending $2.0M (redfin.com)

Yup, that’s $500k (not a lot of money) under asking, but what school are the seller’s kids going to attend?

And shouldn’t the home be passed down to the next generation?

Once again, I fail to see how this can be happening in 94301. Then again I’m not sure how one can pass a home down to the next generation and use the over-bidding to pay for their education.

]]> By: Herve Estater http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41113 Herve Estater Wed, 06 Jan 2010 06:16:23 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41113 Also more and more people switch to 87 octane. Also more and more people switch to 87 octane.

]]> By: nomadic http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41112 nomadic Wed, 06 Jan 2010 03:52:10 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41112 Okay, then the shift from private to public schools will help the RBA! ;-) http://www.usatoday.com/news/education/2010-01-06-1Apublicprivate06_CV_N.htm?csp=34&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+usatoday-NewsTopStories+%28News+-+Top+Stories%29&utm_content=Google+Feedfetcher Okay, then the shift from private to public schools will help the RBA! ;-)

http://www.usatoday.com/news/education/2010-01-06-1Apublicprivate06_CV_N.htm?csp=34&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+usatoday-NewsTopStories+%28News+-+Top+Stories%29&utm_content=Google+Feedfetcher

]]> By: Alex http://www.burbed.com/2010/01/05/2k-per-square-foot-in-palo-alto/#comment-41111 Alex Wed, 06 Jan 2010 02:11:21 +0000 http://www.burbed.com/2009/12/26/2k-per-square-foot-in-palo-alto/#comment-41111 nomadic, it's not old news. Economists were expecting only a 2% drop in sales. The actual decline was 16%. Yip yip. The market is recovering. Not. nomadic, it’s not old news. Economists were expecting only a 2% drop in sales. The actual decline was 16%. Yip yip. The market is recovering. Not.

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