Palo Alto, CA, is a key city in the San Francisco Bay Area and the Silicon Valley. The trees and classic suburban architecture give Palo Alto a hometown look, but the city is also home to a thriving technology industry, headquartering major tech corporations like Hewlett-Packard. And Stanford University, one of the country’s elite educational institutions, is adjacent to Palo Alto as well.
Palo Alto real estate listings offer a great deal of variety in price and style. This town has homes listed from $5 million mansions to $2,000 foreclosures. The rental market also offers variety. Once you decide to purchase or rent your home in this town you should contact a real estate agent who has access to the most real estate listings.
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| Population 58,598 | Median Age 40.2 yrs | Household Size: 2.30 |
| Avg Home Value: $811,800 | July High: 78.8°F | January Low: 40.4°F |
Palo Alto Real Estate Listings
Palo Alto is a college town located in San Clara County in the San Jose-Sunnyvale metro area of California near the San Francisco Bay. Palo Alto is the home to 59,000 residents. The average resident is 40 years old and earns $90,000 per year. This town has several colleges and universities and many recreational activities such as historical sites and museums. The average home in this town is worth $811,800, but Palo Alto real estate listings are anything but average. Those looking for a home in Palo Alto can choose from preexisting homes, foreclosures and rentals.
There are more than 100 preexisting homes in the real estate listings as of October 2005. These homes have different styles and amenities in all price ranges. There are mansions with six bedrooms and four bathrooms with popular features such as pools and patios. These homes range in price from $1 million to $5.5 million. Many homes are for sale in the $400,000 to $600,000 price range as well. These homes typically have two or three bedrooms and either one or two bathrooms.
Purchasing a foreclosure offers a great deal of savings for homebuyers. Foreclosures are becoming increasingly popular because of the high cost of housing. Foreclosed homes are listed for between $2,500 and $494,000. Since the average home is worth more than $800,000 in Palo Alto, the amount of money you can save with a foreclosure is high. These homes vary in size, from four bedrooms and two bathrooms to three bedrooms and one bathroom. Foreclosed homes come in all different conditions. Some need work while others are in perfect condition.
The rental market also offers a great deal of variety. In October 2005, there were three apartment complexes listed. Rent ranges from $500-$1500 per month. These apartments have one, two or three bedrooms and one or two bathrooms. The apartment complexes have laundry rooms on site.
Palo Alto real estate listings offer a great deal of variety for those who wish to purchase a preexisting home or a rental. Once you decide to buy a home in this town, you should contact a real estate agent. Real estate agents have access to the most real estate listings through the Multiple Listing Service. The majority of homes for sale are listed on this service.
By Jennifer Vincent
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®