How's the condo market in Palo Alto, California 94301?
Last week I did an analysis of the condominium/townhouse market in downtown Palo Alto, California for a client. This particular client has owned her Palo Alto condo for many years, and her building is a popular one, in an excellent downtown location. She was concerned about the steep price declines seen all over the country, including California, and was afraid her Palo Alto property might have declined substantially.
I was happy to have the following information to share with her, to let her know that prices for her type of property have declined only about 5% from their high point in 2007! And isn't it nice to see that 2010 prices are rising again?
She is relieved to know she's likely to have the funds she needs to move to the retirement center of her choice.
If you have similar questions about your area, the spot you call home in the mid-Peninsula or Silicon Valley, I'm here to help.