Palo Alto SINGLE FAMILY RESIDENCES
2016 DATA ANALYSIS
Some notes on data SA L E DATE VS . C LO S E O F E S C ROW
BOX- A N D -W H I S K E R PLOT S
Some real estate sales statistics and graphics use Close of Escrow (COE) as the effective date of the sale. This makes some sense, as the sale isn’t final until escrow closes. It does, however, give a skewed view of the seasonality of the market since some sales may not close until a few months after the sale date. For all the statistics and graphics you see in this report, we have chosen to use the sale date (the date the contract was signed), to give you a more accurate picture of the state of the market.
To give you a sense of the range of home prices in a neighborhood, we include a type of diagram used in descriptive statistics: the box-and-whisker plot. This breaks down the homes sold into four quartiles, each with the same number of sales. The central rectangle (the “box”) shows the 2nd and 3rd quartiles, with the median between them. The whiskers that extend beyond the box show the 1st and 4th quartiles. Any outliers (sales that fall outside 1.5 times the width of the box) are shown as diamonds. $4.08m
SIZE INDEX
The size of a house in square feet is highly correlated with sale price and a commonly used measure, but it fails to take into account the size of the lot – often a significant factor in this region. For charts in the neighborhood section of this report, we use a size index that factors in lot size as well as house size, based on a regression analysis of their relative contribution to sale price in the city. The size index is more highly correlated with sale price than house size alone.
©2017 Golden Gate Sotheby’s International Realty
1Q min
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4Q max
outliers
SO U RC E S & O F F - M A R K E T SA L E S
Data for this report was provided by MLSListings, Inc., local county tax assessors offices, and other sources. Golden Gate Sotheby’s International Realty maintains our own database of off-market home sales – homes sold without being publicly listed. For this report, we incorporate these off-market sales into the more generally available data. We believe the information in this report to be correct but have not independently verified the information and assume no legal responsibility for its accuracy.
Palo Alto SINGLE FAMILY RESIDENCES
The state of the single family residence market in one of the world’s most dynamic housing marketplaces. 2016 DATA ANALYSIS
Palo Alto
Palo Alto is one of the world’s great centers for technology and innovation. Whether it’s venture capital, computers, telecommunications, social networking, or biotech, Palo Alto is the engine that turns ideas into reality. Located halfway between San Francisco and San Jose, Palo Alto is the place in Silicon Valley where everything seems to happen. Unlike their more suburban neighbors, Palo Alto residents enjoy the opportunity to stay connected to the pulse, while still maintaining a sense of seclusion and privacy. While most famous cities are founded near natural resources, Palo Alto was founded upon something even more precious: human progress. This elevation of ingenuity and the human spirit runs through the city like a current of creative energy. In Palo Alto’s vibrant community, knowledge and business ideas are an integral part of daily life. While many affluent cities have vast properties and landscapes that separate neighbors, Palo Alto’s layout connects people. As a hub of innovation, Palo Alto has a gravity that naturally draws influential people and ideas to its center. Even those who live outside the city’s borders are drawn to its myriad restaurants and bars as meeting places for business and socializing. With Palo Alto’s low-key, accessible attitude, you never know who you might run into or what connections you will make here. In keeping with its foundation as a center for learning and innovation, the city is home to Stanford University as well as some of the most highly regarded public schools in the country. Most Palo Alto children attend their neighborhood public school, where they walk or bike to school, contributing further to Palo Alto’s strong “small town” flavor.
$3 million
CHANGE F RO M 2 015
PA LO A LTO S U M M A RY
Number of Homes: 16,408 Homes sold in 2016: 447 Median sale price: $2.50m Average sale price: $2.95m Average price/sq ft: $1,544 Average days on market: 23
+35.9% -5.7% +3.9% +0.1% +35.3%
$2.5 million
$2 million
Sept 2008: Sub-prime bubble bursts
$1.5 million Jan 2012: Start of the Unicorn Run
$1 million The graph of median prices for Palo Alto (20042016) reflects three housing cycles. The first: the dot.com crash of 2000 is seen coming to an end in 2004. The next – the sub-prime bubble – can be seen in the run from 2004 to 2008, collapsing with the fall of Lehman Brothers and the banking crisis in September 2008. The most recent “Unicorn Run” began in 2012 and resulted in a doubling of prices.
Feb 2004: End of the dot.com bust
*Graph shows 6 month rolling average
2004
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2016
East Menlo 101
Palo Alto Neighborhoods 84
Palo Alto
East Palo Alto
Atherton Menlo Park
82
CRESCENT PARK DOWNTOWN
GREEN GABLES
COMMUNITY CENTER
PROFESSORVILLE OLD PALO ALTO
101
SOUTH PALO ALTO
MIDTOWN
COLLEGE
VENTURA STANFORD BARRON PARK PALO ALTO HILLS
Mountain View
GREEN ACRES
82
280
Los Altos
Los Altos Hills
82
Palo Alto Home Sales by Neighborhood - 2016
alley
35
The box-and-whisker plots Palo Alto Hills here span the range of Professorville home sale prices within each neighborhood, with PALO ALTO Crescent Park HILLS the large dot marking the Old Palo Alto median. Diamonds beyond Community Center the reach of the whiskers Downtown Palo Alto are outliers: unusual sales Green Gables both high and low. See page 2 for a more detailed explanation of box-and-whisker plots.
Midtown College Barron Park Green Acres Stanford South Palo Alto Ventura
$2m
$4m
$6m
$8m
$10m
$12m
$14m
Sales
$4.90m
6
$4.50m
17
$4.16m
21
$4.00m
85
37
$3.49m
15
$2.90m
23
$2.82m
47
$2.52m
63
$2.50m
25
$2.48m
280
$2.48m
9
$2.43m
11
$2.30m
106
$1.73m
$2m
24
12 $4m
$6m
$8m
$10m
$12m
$14m
Palo Alto Schools
In addition to the well-known neighborhood public schools, a number of choice programs are available to residents, as are several wonderful private schools. Associated neighborhoods are listed with each school. E L E M E NTA RY S C H OO L S
M I D D L E S C H OO L S
Addison Community Center, Crescent Park, Downtown, Professorville, Stanford
David Starr Jordan College, Community Center, Crescent Park, Downtown, Green Gables, Old Palo Alto, Professorville, Stanford
Barron Park Barron Park, Palo Alto Hills, Ventura
Jane Lathrop Stanford (JLS) Midtown, South Palo Alto
Duveneck Community Center, Crescent Park, Green Gables
Terman Barron Park, Green Acres, Palo Alto Hills, South Palo Alto, Stanford, Ventura
El Carmelo Midtown Escondido College, Stanford; also Spanish immersion district-wide by lottery Fairmeadow Midtown, South Palo Alto Herbert Hoover District-wide by lottery; alternative core curriculum Juana Briones Barron Park, Green Acres, South Palo Alto Lucille M. Nixon Palo Alto Hills, Stanford Ohlone District-wide by lottery; alternative open education, Mandarin immersion Palo Verde Midtown, South Palo Alto Walter Hays College, Community Center, Green Gables, Old Palo Alto, Professorville
H I G H S C H OO L S
Henry M. Gunn Barron Park, Green Acres, Midtown, Palo Alto Hills, South Palo Alto, Stanford, Ventura Palo Alto College, Community Center, Crescent Park, Downtown, Green Gables, Midtown, Old Palo Alto, Professorville, South Palo Alto, Stanford
Palo Alto has a Unified School District which administers all education levels.
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Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 911 o Rd ader Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Homes c r a E mb Median Sale Price . . . . . . . . . . . . . . . . . . . . $4,160,000 Average Sale Price . . . . . . . . . . . . . . . . . . . $4,974,810 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,722 Greer Park Average Days on Market . . . . . . . . . . . . . . . . . . . . . 34 Ba
Palo Alto MedicalN E I G H BO R H OO D Clinic
H O M E SA L E S DATA F O R 2 016
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Crescent Park bucked the trend with increases over to Cre e k 2015 benchmarks. EB Average price was up 14% and ay s h median increased 4%. A 28% inventory decline yearor eR d over-year undoubtedly contributed. Several properties Duvenecklisted at “make me sell” prices failed to sell, however.
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Crescent Park is well-loved for its quiet suburban atmosphere while still having immediate access to downtown Palo Alto and neighboring urban areas. Local public schools are considered among the best in Northern California, and Palo Alto’s famous community services add to the appeal of this much-sought-after locale.
Crescent Park Home Sales 2016 Sale Price $14m
$12m
$9,650,000 $10m
$8m
$6m
Median
$4m City Median
$2m
$2,270,000 Jan
Feb
Size Index
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Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
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Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
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Downtown hosts a mix of cutting-edge business, conventional financiers, college kids and local residents, making it a stimulating spot to visit day or night. The surrounding streets hold a mix of bungalows, apartments and condos. Residents have a short walk to countless shops, restaurants, theaters, parks and other amenities.
Downtown Palo Alto Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6,000,000 $6m
$4m Median
$2m
City Median
$1,200,001 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
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Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
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Number Lo of homes . . . . . . . . . . . . . . . . . . . . . . . . . 811 Ohlone uis Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Rd Elem. ve A School do l Median Sale Price . . . . . . . . . . . . . . . . . . . $3,488,000 a na or Ca l g o 101 Average Sale Price C . . . . . . . . . . . . . . . . . . . $3,770,092 n Seale Sterli Park Average Price/Square Foot . . . . . . . . . . . . . . . . $1,439 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 18 ve St
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d Only 15 homes changed hands in 2016, less than 2% of this neighborhood’s housing stock. Average price was down 6% and median price off 10.5% from 2015, but with so few sales, mix (larger vs. smaller lots and houses) can easily be a factor. Community Center o Rd ad e r c r a continues to be a popular neighborhood due to its E mb proximity to both city amenities and downtown. W
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With its proximity to schools, services, restaurants and downtown businesses, the Community Center neighborhood attracts families, young professionals and empty nesters alike. Rinconada Park, with its large community pool, playgrounds, picnic areas and tennis courts, is just across the street from the Rinconada Library and Palo Alto Art Center. Down the road, the Lucie Stern Center houses the Children’s Library, Children’s Theatre, local community theaters, and the popular Junior Museum & Zoo.
Community Center Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$5,800,000 $6m
$4m
Median City Median
$2m
$2,050,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Hetch Hetchy
Green Gables Univer sity Ave
B ay Rd
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Average Sale Price . . . . . . . . . . . . . . . . . . . $3,049,745 e Price/Square Foot . . . . . . . . . . . . . . . . $1,531 Shoreline at Mo Average View Park Av e rd Average Days on Market . . . . . . . . . . . . . . . . . . . . . 27 e V al
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H O M E SA L E S DATA F O R 2 016 Ohlone Elem. e v Number of homes . . . . . . . . . . . . . . . . . . . . . . . . 1943 School do A l a na Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Ca lor g o 101 C Seale erMedian lin Sale Price . . . . . . . . . . . . . . . . . . . $2,820,000 St Park St
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The most diverse north Palo Alto neighborhood, Green Gables includes both quiet areas and homes bordering busy streets. Prices in 2016 were slightly up over 2015, ro C anal e tad with the average price up 4.6% and the median up just 1.5%. Seven percent more homes sold, but days on the market were longer, increasing from 22 to 27 days. Ma
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Green Gables is a collection of neighborhoods often referred to by the name of the school that serves as a common hub: Duveneck. With a mix of pre-war ranchers and post-war Eichlers, Duveneck is a place where people put down roots and stay awhile. It’s a neighborhood where young families can find a starter home and later move up on the same block.
Green Gables Home Sales 2016 Sale Price $14m
$12m
$10m
$7,795,000 $8m
$6m
$4m Median
City Median
$2m
$1,678,500 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
101
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Professorville boasted the highest sale price of the Rd ero Alto at $15 million. Homes stayed on the year for adPalo c r a E mb market for much longer than in prior years, but there were still more homes sold in 2016 than in any of the previous several years. The median Greersale price jumped an Park foot shot up 46% astonishing 58% and price per square Jordan Lo Ohlone to almost $2,300. uis Jr. High ys
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Blocks from Palo Alto’s city center, Professorville is a highly sought-after address due to its charming, genteel feel and easy access to the bustling action of downtown. The neighborhood offers an eclectic array of turn-of-the-century architectural styles including Queen Ann, Classic Revival and Craftsman Bungalows, as well as a rich collection of historic Shingle Style homes.
Professorville Home Sales 2016 Sale Price $14m
$15,000,000
$12m
$10m
$8m
$6m Median
$4m City Median
$2m
$1,908,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Univer sity A
Rd l ow
Menalt
o Av e
Wil
Old Palo Alto O ke e f
e St
Palo Alto
Av e
Municipal Golf Course
S an
ra n cis
H amilton Ave
d ll R
May field Slough
a rc E mb
ad e r
wy Ex
ve H O M E SA L E S DATA F O Rde2A016 r Ve a Number of homes . . . . . . . . . . . . . . . . . . . . . . . . 1227 m Keys Lo Hoover Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 School Park
Median Sale Price . . . . . . . . . . . . . . . . . . . $3,996,000 Average Sale Price . . . . . . . . . . . . . . . . . . . $4,525,330 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,944 Our Lady of the Average DaysSchool on Market . . . . . . . . . . . . . . . . . . . . . 30 Rosary
El Carmelo Elem. School
Dr
yC
k ree
r wD
Ramos Park
San Antonio Ave
St
Fabian Way
l ey
le s
to
nR
d
o e ad M E Fairmeadow Library Al Rd ma on Elem. School le s t r St a h Mitchell Park C E Jane L. Stanford Old Palo Alto Inventory - 2016Middle School Palo Alto Homes for Sale vs. Closed Sales Prep School 16 14 Herbert Hoover Don Segundino Elem. School 12 Robles Park 10 Barron Park 8 Elem. School 6 4 Homes for Sale 2 Closed Sales 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Bol Greyhound Park ar
Matadero Cree k
d
on
Or
al
ll R
eg
e Av ale Se
an
Mi
gC
ge
lin
Pa
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Lucille Nixon School
HomeLosales Old Palo Alto stayed true to their uis inOhlone Rd Elem. historical strength in 2016,vewith the median price School do A al a rprice an o dipping 3.8% but the per square foot C l 101held steady Co Seale erling t at one of the highest Park levelsS in the Bay Area. St
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Weisshaar Park
Jordan Jr. High lef School ie l dR d
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Wallis Cameron Park N E I G H BO R H OO ParkD S C H OO L S
o Rd
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ay
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City Hall
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W
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Library Art Center
Library
Stanford Stadium
q ui
PA Duck Pond
W
Addison Elem. School
ogswell Plaza
we
ohnson Park
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
Ne
Un
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Old Palo Alto matured as a neighborhood before tract housing and even automobiles, so architectural styles vary widely. Homes are located within walking distance of nearly everything in Palo Alto. For many established entrepreneurs, an Old Palo Alto address means you’ve made it. Residents value the unpretentious and close-knit feel.
Old Palo Alto Home Sales 2016 Sale Price $14m
$11,000,000
$12m
$10m
$8m
$6m
Median
$4m City Median
$2m
$1,702,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
e Av 5t h
Stanford
B ay
Post Office
Rd
Av ilton H am Ivy Dr
15th Ave
noak
Flood County Pk
s Dr
Hetch Hetchy
101
Ma
rsh
Rd
G re e
e
University Ave
ve
Rd
eA
Ave
Av e
Ring
Menalto
man
low
Cole
wo o
Holbrook Palmer Pk
Wil
Oa
d Av
e
kG
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F ai
rO
J am
es
ak s
Av
Ln
e
Bay Rd
Okeefe
San F B
St Palo Alto
Av e
d ll R we
May field Slough
Ma
wy Ex on
101
Av
ll R
d
Palo Alto Prep School
Ave
Mi
H O M E SA L EDon S Segundino DATA F OHerbert R 2Hoover 016 Elem. School
ge
on Rd
N Rengstor ff
Jane L. Stanford Middle School
Amph st Charle
Library
Av e
k ree
Shorelin
c ia
yC
de
ar
Dr
Robles Park dlefield Way Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 750 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 W Middlefi e ld Rd Median Sale Price . . . . . . . . . . . . . . . . . . . $2,430,000 Bol Park Average Sale Price . . . . . . . . . . . . . . . . . . $2,344,636 Monta Briones Loma Juana Park School Average Price/Square Foot . . . . . . . . . . . . . . . Elem. $1,007 Briones School Terman Middleon Market . . . . . . . . . . . . . . . . . . . . . Average Days C11 Henry M. Gunn ent 82 r School
d
Pa
Shoreline at Mountain View Park
e
The University has increased its purchase of campus m Lo Hoover Keys School Park homes in 2015 and 2016, which has resulted in even fewer homes coming on the market compared with G Our Lady of the Rosary School previous Elyears. Sales continuer to Ramosbe within a narrow Carmelo Park wD Elem. School ad o e range between $2.2 andE M$3 million, with typically 2-5 Fairmeadow Al Rd on Elem. School aS le s t offers per mhouse. t Mitchell Park Char E er aV
Fabian Way
Lincoln Ave
Ne
e Av ale
Ohlone Elem. ve School do A l a na Ca lor o C Seale erling St Park
to
nR
Old Mid
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ar
W
Matadero Cree k
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Ch
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Dr P alm
u Palo Via
pu s
Rd
al
Cam
l C ana
an
tr
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e
Av uz Cr
ta
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Lo
San Antonio Ave
e Av ty r si i ve
s qu
r ai
lpa S an
tad
lin
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Rd
er
d ro R
d e ro
St
p
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Neighborhood Perspective
St
Mayfield Escondido Park Elem. Werry School Park
r us D
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Weisshaar Park
e
l ey
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Cameron Park
Cam
ad
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Dr
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Stanford Stadium
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J un
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Sa
Stanford University Hospital
d
Bowling Green Castilleja Park School (Priv.) St Palo Alto Sr. High School
Al
EB
PA Duck Pond
W
Rd
to C re e k
Rinconada Zoo Park Walter Hays Elem. School
Palo Alto Medical Clinic
Hoover Pavilion Hospital
Ca
tum
El
ore
q ui
Library Art Center
Library
LS Packard Children's Hospital
R ill
Addison Elem. School
Cogswell Plaza
El Camino Park
ito
so
Cr ee k
Av
e
Johnson Park
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
City Hall
Arb
Stanford Children’s Convalescent Hospital
Municipal Golf Course
ra n cis
H amilton Ave
Un
en
u Burgess rel St Park Al ma St
Gl
nd
eg
Ra
e Av wo
od
Library Rec. Center La
PO
d la
F
82
oo W
S an
ve n
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Av
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St. Patrick’s Seminary
Stanford Research Institute
Av e
al
Rengstorff Park
SR
e ng
Re
x py
Perm an
ente Cree k
oR
oni
Chapin
d
d B lv ne re l i S ho
El Monte Ave
nte Mo
r ke
Cre ek
Rd
Aug Sep Oct Nov Dec
Homes for Sale Closed Sales Ha l e
El St
Rd
d
aR
Jul
Library
in Ma
a n e nte Perm
m
Jun
City Hall
Bu
Feb Mar Apr May
Av
e k
Jan
Edith Ave
N
Post Office Ad obe C
i
ek
ill
Rd
r ee
Pu r is
W Fremont
F
da R
d oR der str a Ar a
City Hall
Cre
8 7 6 5 4 3 2 1 0
ma
ree k
r o Rd Fe
t r ad e
ino
San Antonio Rd
Ar as
am
o Rd
m a Rd
ek
Rd
El C
str Ar a Homes for Sale vs. Closed Sales
ssi
Palo Alto Hills Golf & Country Club
al E
W
i Pur
C
re ero C
Ara
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Matad
Arastradero Open Space Preserve
High School
Stanford Inventory - 2016 ad e r
ek
wy
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Felt Lake
re lt C
Ex
P alo
d
lR
ill
rff
reek
Ol
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Escondido Elementary 280 Nixon Elementary Terman Middle School Gunn High School Palo Alto High School
S an
Fo
Dr yC reek
ranc Los T
N E I G H BO R H OO D S C H OO L S
A nt
Veterans Hospital
d
Greyhound Bus Station
The Stanford neighborhood is Stanford-owned land that is leased to provide housing for qualified faculty. A series of picturesque neighborhoods comprising 750 single family homes and approximately 200 condominiums that wrap the campus, the housing stock varies from turn-of-the-century homes to midcentury and ranch styles built in the 40’s and 50’s and 60’s.
Stanford Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6m
$3,000,000
$4m City Median
Median
$2m
$961,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
MLS Sale Off Market Stanford Purchase
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front cover for more details.
Jan
Municipal Golf Course
Av e
S an
ra n cis
Addison Elem. School
d ll R
May fie
m Lo
wy Ex on
Or
Hoover Keys School Park
e aV
e rd
Av
101
e
Neighborhood Perspective
The College neighborhoods continued to be in high demand withOur multiple offers continuing to be the Lady of the Rosary School norm. Prices were stable compared to 2015 as demand ek Ramos Cre El Carmelo y r continues to far exceed supply. The highest sale D Dr Park($4.2 w Elem. School ad o e million) was Stanford UniversityE purchasing a new home M Library Fairmeadow A Rd on a relatively large lot. lm t on
Fabian Way
Wallis Park
aS
Elem. School
t
Mitchell Park
ge
Mi
ll R
d
L. Stanford H O M E SA L E S DATAJane FO R 2 016 Middle School
ha EC
r le s
Palo Alto Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 958 Prep School Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Herbert Hoover Don Segundino Elem. School Median Sale Price . . . . . . . . . . . . . . . . . . . . $2,501,000 Robles Park Barron Park Average Sale Price . . . . . . . . . . . . . . . . . . . $2,569,400 Elem. School Average Price/Square Foot . . . . . . . . . . . . . . . . $1,614 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 22
Escondido Elementary Walter Hays Elementary Jordan Middle School Palo Alto High School
le s
ar
Ch
W
N E I G H BO R H OO D S C H OO L S
Matadero Cree k
to
nR
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Pa
Lucille Nixon School
Ohlone Elem. ve School do A al a r an o C l g Co Seale erlin St Park
St
Mayfield Escondido Park Elem. Werry School Park
Weisshaar Park
Rd
eg
e Av ale
l ey
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Cameron Park
uis
al
er
Bowden Park
Dr
Lo
an
Peers Park
Jordan Jr. High lef School ie l dR d
gC
W av
dd
lin
z St
Mi
er
Bowling Green Castilleja Park Al School ma St (Priv.) Palo Alto Sr. High School
St
al
G a l ve
o Rd
Greer Park
Se
Dr
ad e r
Rd
Re
P alm
Rinconada Park
a rc E mb
re
no
St
d
ho
mi
us
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ys
Ca
mp
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Ba
El
Bol Park
Greyhound Bus Station
Briones College Inventory - 2016 Park Juana
Veterans for Sale vs. Closed Sales Homes Briones Hospital
School 16 Terman Fo 14 Middle Henry M. Gunn ot h 82 School 12 ill E High School xw 10 y W El C 8 am ino 6 Re a 4 Homes for l Sale Closed Sales 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec A nt
S an
dP
ill R
d
A
ra r ast
d e ro
Rd
SR
Ol
M a ge
e
Dr yC reek
err a
Ca
sh
Walter Hays Elem. School
Palo Alto Medical Clinic
Stanford Stadium
ay
W
Zoo
Library
EB
Duveneck Elementary School
Library Art Center
City Hall
Hoover Pavilion Hospital
to C re e k
d
Cogswell Plaza
l Camino Park
we
Johnson Park
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
q ui
Ne
Un
i ve
r si
Lincoln Ave
ty
Av
e
F
H amilton Ave
PA Duck Pond
oR
d
San An
College oo W
l a nd
oni
Patrick’s minary
The College neighborhood offers a convenient location blocks from both California Avenue shopping and Stanford University. Traffic circles and street blocks give the neighborhood the feel of a giant cul-de-sac. Peers Park serves as the neighborhood’s playground and gathering place. Architectural styles are a mix of a few turn-of the century homes, 1930’s bungalows and recently built homes. The College area includes the neighborhoods of Southgate, Evergreen Park, College Terrace, and Mayfield. Each of these neighborhoods has its own unique character.
College Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6m
$4,200,000
$4m City Median Median
$2m
$1,315,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Rd
Office
Av ilton H am Ivy Dr
15th Ave Rd
Gree
noak
Flood County Pk
s Dr
e Hetch Hetchy
101
Ma
rsh
Palo Alto Hills Bay Rd
University Ave
San Francisco Bay
e St Palo Alto
Av e
d ll R
May field Slough
Ma
Hoover Keys School Park
o e ad EM Fairmeadow Library Rd on Elem. School le s t Mitchell Park Char E Jane L. Stanford Middle School Palo Alto Prep School
lR Mil ge Pa
to
nR
le s Ch
ar
Rd
am
ino
Re
al
ntr
ente Cree k
onio
Ce
El C
al E
x py
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Mo
Rd
Library
dlefi
B lv
lyn
Av e
Cas
t ro
St
S ho
reli
ne
E ve
Bu
Rd
Al
iew
Av
tV
nte
Mo
un
Mo
El
Cre ek
xw
El Camino Hospital
na
ardo
B ern
Miramonte Ave
S Springer Rd
El
y
nte
lE
Mo
hil
Ele
Rd
Remington Dr
k ree eC Ado b
Fremont Ave
W Fremont Ave
Ho
m
ste
ad
Rd
k ree ns C Steve
be Ado
ek Cre W
Fork
Rancho San Antonio Open Space
8 7 6 5 4 3 2 1 0
Homes for Sale vs. Closed Sales
Homestead Rd
280
Jan
Feb Mar Apr May
Jun
Jul Rancho San Antonio County Park
Foothill Blvd
e Cr ee k Ad o b
Adobe Creek
85
Grant Rd
Palo Alto Hills Inventory - 2016
Foothills Park
Centr
vely
Creek
leda
Library
Ma
ot
Ro b
Rd
City Hall
t in S
Fo
L a Pa
lo
Chapin
d
WE
a n e n te Perm
aR
d
Ave
r ke
Rd
ek
ill Page M
W
eld R
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 266 82 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Median Sale Price . . . . . . . . . . . . . . . . . . . . $4,897,944 Average Sale Price . . . . . . . . . . . . . . . . . . . $5,365,981 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,528 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 26
Edith Ave
Boronda Lake
Page Mill Rd
E Mid
Ha l e
k
Cre
ek
m
N E I G H BO R H OO D S C H OO L S
Lost Trancos Open Space
vd
e
r ee
i
Rd
Barron Park Elementary Nixon Elementary Terman Middle School Gunn High School
Bl
N
Post Office Ad obe C
e
Rd
ma
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W Fremont
Av
d Ar a
str a
m a Rd
der
ssi
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re ero C
Ara
tt
H O M E SA L E S DATA F O R 2 016
City Hall
Pu r is Matad
C ero ad str
El Monte Ave
d
tr
ro ade
ek Cre
Arastradero Open Space Preserve
f fe
o
Aras
Ar as
Fe
r o Rd
W
San Antonio Rd
t r ad e
Monta Loma Elem. School
A nt
Henry M. Gunn High School
Rd
Felt Lake
lt
Rd
vis
ill
e ld
e ng
eM
lef i
SR
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Neighborhood Perspective S an
wy
Way
Mar y Ave
ek
s Cre
Ex
Old Middlef ield
The combination of access to Gunn High School and large lots is the market driver in Palo Alto Hills. While 82 the average sale took only 26 days in 2016, many of these homes don’t sell during a marketing period. Note the comparison between Homes for Sale vs. Closed Sales. Prices have been stable across 2015 and 2016.
Briones Juana Park Briones School Terman Middle School
Dr yC reek
anco Los Tr
ill
280 Old
Herbert Hoover Elem. School
Greyhound Bus Station
Veterans Hospital
ot h
Amphithe atre Pkwy on Rd
W M i dd
W
Matadero Cree k
Ar a s
Don Segundino Robles Park
Barron Park Elem. School
G
Av e
pu s
Cam
d
St
Bol Park
Fo
Ramos Park
r wD
Ave
Lucille Nixon School
k ree
N Rengstorff
o Rd
yC
Fabian Way
Dr
st Charle
ma
Shoreline at Mountain View Park
Av e
El Carmelo Elem. School
Al
de
Shoreline Golf Course
Our Lady of the Rosary School
Wallis Park
er aV
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m Lo
101
e Av
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on
St
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r us D
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ar
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l vd
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Ex
wy
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gh
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we Ne
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tr
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Al
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no
n Sa
mi
LS Packard Children's Hospital Stanford University Hospital
Hoover Pavilion Hospital
eR
ho
Rd
or
Walter Hays Elem. School
Palo Alto Medical Clinic
Ca
tum
sh
ys
ore
ay
PA Duck Pond
Ba
Av
City Hall
EB
Duveneck Elementary School
Library Art Center Zoo
Library
El
Stanford Children’s Convalescent Hospital
to C re e k
W
Arb
Addison Elem. School
Cogswell Plaza
El Camino Park
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
q ui
Mtn V
e Av r si i ve Un Johnson Park
e
ve
Municipal Golf Course
ra n cis
H amilton Ave
ty
u Burgess rel St Park Al ma St
Gle
nw
PO
nd
d
Ra
ve dA oo
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d la
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ve n
sw
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oo W
F
82
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oo
e ll a
dA
Av
e
ve
St. Patrick’s Seminary
iew Slo u
Okeef
N Shoreline Blvd
Ave
Ring
Menalto
Av e
N Shoreline Blvd
Rd
low
man
Wil
Cole
wo o
Holbrook Palmer Pk
Perm an
ve
eA
Oa
d Av
e
kG
r ov
Fair
J am
Oa
es
ks
Av
Ln
e
ular Rd
Aug Sep Oct Nov Dec
Homes for Sale Closed Sales
Stevens Creek Blvd
nA
ve
al Ex w
In addition to the extensive Palo Alto Hills region, this MLS (multiple listing service) area includes the neighborhoods of Greater Miranda and Esther Clark Park. All these neighborhoods are known for their rural feel and acre lots. The neighborhoods have more of a connection to the adjoining city of Los Altos Hills than Palo Alto, but all enjoy Palo Alto schools and services.
Palo Alto Hills Home Sales 2016 Sale Price $14m
$12m
$9,450,000 $10m
$8m
$6m Median
$4m City Median
$2m
$2,100,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
South Palo Alto Hetch Hetchy
San Francisco Bay
e St Palo Alto
S an
d
May field Slough al
Shoreline at Mountain View Park
e
d
Mi
nR
to
le s ar Ch W
l vd E Mid
W
Sunnyvale Municipal Golf Course
dlefi
eld R
d
ente Cree k
ot
B lv
ne
St
Cas
o vis Al
Centr
nA
y
ve
un
tV
iew
vely
al E x w
ve
ria A
Closed Sales Homes for Sale Jun
Jul
Aug Sep Oct Nov Dec
Library CH
lE
El
y
Ave
xw
El Camino Hospital
ve
e
Feb Mar Apr May
hil
Av
Jan
Creek
Fo
leda
Rd
0
WE
P asto
Rd r ke Bu Rd
82
a n e nte Perm
6
nte
reli
e Av nte
12
Mo
Av e
Mo
18
t
Ro b
lyn
rd o A
k
in S
E ve
Homes for Sale vs. Closed Sales
24
Library
Ma
S ho
El Monte Ave
d
Library
Cre ek
r ee
ek
lo
tB
30 City Hall
Edith Ave
Cre
d
fe t
Ha l e
C
ma
aR
Av e
36
r Rd
Ad obe
i
m
al
f Mo
SR
San Antonio Rd
Post Office
Chapin
Re
x py
South Palo Alto Inventory - 2016
City Hall
Pu r is
ino
rff
am
al E
Rengstorff Park
e ng
El C
ntr
sto
Dr yC reek
W
Mo
Rd
Ce
El
d e ro
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N Shoreline Blvd
Rd onio A nt
82
Palo Verde Elementary Fairmeadow Elementary Juana Briones Elementary JLS Middle School Terman Middle School Gunn High School W Fre mont Palo Alto High School Rd
L a Pa
str a
e ld
Monta Loma Elem. School
S an
Henry M. Gunn High School
Briones Juana Park Briones School Terman Middle School
N E I G H BO R H OO D S C H OO L S
Ar a
lef i
N
Matadero Cree k
wy
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . 3947 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106 Median Sale Price . . . . . . . . . . . . . . . . . . . $2,296,500 Average Sale Price . . . . . . . . . . . . . . . . . . . $2,367,679 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,376 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 16
Greyhound Bus Station
Veterans Hospital
Ex
H O M E SA L E S DATA F O R 2 016
W M i dd
Bol Park
ill
d Way
t ro
ge Pa
Old Middlefiel
Ave
Don Segundino Robles Park
N Shoreline Blvd
N Rengstor ff
d
st Charle
on Rd
ll R
y
G
Av e
ek Cre
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Dr
St
Barron Park Elem. School
With the most homes of any area in Palo Alto, it isn’t surprising that South Palo Alto also had the most sales at 106, but that still represents an increase in number of sales of almost 12%. Prices held steady, with just a few Amphitheatre Pkw y sales jumping above the city median.
ar
ma
Neighborhood Perspective
an
Al
Av
Ramos Dr Park ow e ad EM Fairmeadow Library Rd Elem. School on le s t Mitchell Park Char E Jane L. Stanford Herbert Hoover Middle School Elem. School
El Carmelo Elem. School
y
gh
lou
nS
ma
Shoreline Golf Course
Our Lady of the Rosary School
Mayfield Park
de
gC
Lo
Hoover Keys School Park
r Ve ma
101
lin
St
Court House
ot h
gh Mt
Ohlone Elem. ve School do A l a na Ca lor Co Seale erling St Park
Fabian Way
Rd
San Antonio Ave
uis
Ex
wy
Lo
Or
Jordan Jr. High lef School ie l dR d
Bowden Park
Fo
l C ana
his
er
l ey
ero
W
St
er
tad
nV
Ma
Greer Park
on
e
Rd
Rd
Av
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re
ale
a rc a
ho
Se
E mb
Wallis Park
Cameron Park
d
ys
dd
eR
Ba
Mi
or
W
Peers Park
sh
ll R we Ne
Library Art Center
W av
ay
Duveneck Elementary School
Rinconada Zoo Park Walter Hays Elem. School
Bowling Green Castilleja Park School St (Priv.) ol
EB
eg
ddison lem. hool
to C re e k
lou
F
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
q ui
PA Duck Pond
iew S
ra n cis
H amilton Ave
Lincoln Ave
Municipal Golf Course
ve
Okeef
Perm an
Menalto
Ave
University Ave
Bay Rd
The South Palo Alto area of the MLS is a catch-all for the various neighborhoods built east of El Camino and South of Oregon Expressway (with the exception of Midtown) in the early to mid 1950’s. A mix of early 50’s ranchers gave way to mid-century Eichlers as the last part of Palo Alto was developed. Each neighborhood has its own unique flavor and home styles.
South Palo Alto Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$4,600,000
$6m
$4m City Median
Median
$2m
$1,600,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Uni
Midtown to C re e k
ay
sh
eR
d May field Slough
w do
to
nR
ugh
e ld
Rd
Ch
N Shoreline Blvd
Greyhound Bus Station
Midtown Inventory - 2016
ente Cree k
Ce
El C
am
ino
Re
al
ntr
al E
x py
Rengstorff Park
Jun
Jul
Aug Sep Oct Nov Dec
d
Feb Mar Apr May
ve
Jan
Homes for Sale Closed Sales
B lv
W
Av e
82
Perm an
oni
oR
d
Homes for Sale vs. Closed A nt
24 21 18 15 12 9 6 3 0
Monta Loma Sales Elem. School
rff
wy
Middle School
lef i
e ng
Ex
Henry M. Gunn High School
W M i dd
SR
ill
Dr yC reek
ot h
ar
le s
El Carmelo Elementary Fairmeadow Elementary Bol Park Elementary Palo Verde Briones JLS Middle School Juana Park Veterans Gunn High School Briones Hospital School Terman Palo Alto High School
W
Matadero Cree k
Barron Park Elem. School
N Shoreline Blvd
Median Sale Price . . . . . . . . . . . . . . . . . . . $2,525,000 Sale Price . . . . . . . . . . . . . . . . . . . $2,791,838 Old M iddlef ield Way Average Price/Square Foot . . . . . . . . . . . . . . . . $1,519 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 23
Herbert Hoover Elem. School Average
Ave
Don Segundino Robles Park
sto
St
N E I G H BO R H OO D S C H OO L S
Fo
Ramos Park
Dr
N Rengstor ff
Rd
k ree
ea Amphitheatre Pk wy EM Fairmeadow Library Rd t on o Elem. School lesM E SA L E S DATA F O R 2 016 n Rd harO Mitchell Park CH E Jane L. Stanford Number of homes . . . . . . . . . . . . . . . . . . . . . . . . 2126 Middle School Palo Alto Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 Homes Prep School
Rd
ma
yC
st Charle
Al
Dr
San Antonio Ave
Or El Carmelo Elem. School
Homes in Midtown stayed on the market more than Course Shoreline Golf twice as long in 2016 as they did the year previous, but the number of homes sold jumped 50%. The median G price and price per square foot held steady with the Midtown median falling above the city-wide median in 2016. Av e
Wallis Park
Neighborhood Perspective
c ia
Our Lady of the Rosary School
Shoreline at Mountain View Park
ve
ar
Court House
L
al
Bowden Park
r Ve
an
Hoover Keys School Park
a om
A de
gC
St
101
lin
l ey
Ohlone Elem. ve School do A l a na Ca lor g o n C Seale erli St Park
Fabian Way
wy Ex
Rd
on
uis
eg
e Av ale
Lo
er
Jordan Jr. High lef School ie l dR d
St
Se
dd
Rd
Mi
re
Greer Park
ho
Peers Park
er
Mt nV
ys
W av
anal
Ba
Walter Hays Elem. School
Bowling Green Park
C ero tad
Slo
d
iew
e ro R
Ma
Em
ad b a rc
W
Rinconada Park
or
PA Duck Pond
Duveneck Elementary School
Library Art Center Zoo
EB
ll R we Ne
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
q ui
d
F
Lincoln Ave
Municipal Golf Course
S an
ra n cis
Av e
San Franc Bay
Palo Alto
S an
St
d
keefe
Library
W
Midtown is a popular neighborhood located, as its name suggests, in the middle of Palo Alto. This central location makes it one of the city’s most convenient neighborhoods. That fact, coupled with its late 40’s and early 50’s bungalows and ranch homes, makes it a popular pick for those seeking a know-your-neighbor location.
Midtown Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$5,800,000 $6m
$4m City Median
Median
$2m
$1,600,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
d
ys
ll R
ho
re
we
Ventura d e ro
Rd Ma
E
ge
to le s ar Ch W
Bus Station
d
Monta Briones Loma Juana Park Elem. School Briones School Terman Ventura Inventory - 2016 Middle Ce 82Closed Sales ntr Homes for Sale vs. School al E x py 16 14 Rengstorff 12 Park 10 8 6 4 Homes for Sale 2 Closed Sales 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
ente Cree k
Perm an
Av e
wy
Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Median Sale Price . . . . . . . . . . . . . . . . . . . . $1,734,000 W M i dd lef i e ld Average Sale Price . . . . . . . . . . . . . . . . . . . $1,886,833 Rd Average Price/Square Foot . . . . . . . . . . . . . . . . $1,290 Greyhound Average Days on Market . . . . . . . . . . . . . . . . . . . . . 38
Rd
nte Ave
SR
e ng
sto
rff
Ex
Henry M. Gunn High School Dr yC reek
ill
Herbert Hoover H O MElem. E SA L E S DATA F O R 2 016 School Old Middlef ie ld 371 Way Number of homes . . . . . . . . . . . . . . . . . . . . . . . . .
oR
Matadero Cree k
nR
Pa
ot h
on Rd
f Ave
Barron Park Elem. School
Bol N E I G H BO R HPark OO D S C H OO L S
Fo
San Antonio Ave
Prep School
Don Segundino Robles Park
El Barron Park Elementary Terman Middle School Veterans Hospital Gunn High School
Fabian Way
wy Ex on
al
oni
ll R
Re
Mi
no
A nt
mi
St
S an
Ca
ma
N Rengstorf
El
d
W
Neighborhood Perspective Ramos
Thew Ventura housing market moved more slowly than Dr Park o d a e most areas of Palo Alto in 2016, with an average of 38 EM Library Fairmeadow days on the market. That’s n Rdunusual for one of the more Elem. School e s to l r a affordable areas inh the city – possibly a result of a few Mitchell Park EC Jane L. Stanford optimistically priced spec homes that sat for a while and Middle School Alto a higher inventoryPalo of houses for sale than in prior years. y Dr
st Charle
Al
ek Cre
Av e
El Carmelo Elem. School
G
c ia
Wallis Park
Shoreline at Moun View Park
ve
ar
Our Lady of the Rosary School
al
Bowden Park
L
r Ve
an
Hoover Keys School Park
a om
A de
101
gC
Or
Ohlone Elem. ve School do A l a na Ca lor g o C Seale erlin St Park
St
eld
d e ro
Rd
lin
l ey
Court House
eron
uis
eg
e Av
Lo
er
Jordan Jr. High lef School ie l dR d
St
Se
ale
dd
Rd
Mi
re
Greer Park
ho
Peers Park
er
l C ana
ys
W av
ero
Ba
Walter Hays Elem. School
Bowling Green leja Park ol
tad
W
Rinconada Park
rc a mba
May field Slough
Duveneck Elementary School
Library Art Center Zoo
Rd
d
St. Elizabeth Seton School (Priv.) Eleanor Pardee Park Channing Ave
Ne
Lincoln Ave
Ba
The Ventura neighborhood’s proximity to El Camino and California Avenue shopping make it a convenient place to get started in Palo Alto. The smaller lots have seen less new development than other parts of the city, but that’s changing as recent new construction finds its way among the traditional turn-of-the-century and 1940’s bungalows.
Ventura Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6m
$2,698,000
$4m City Median
$2m
Median
$1,300,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
wy
Ex
on
Or
eg
e
Av
ale
Se
Bowden Park
El Carmelo Elem. School
ma
ek Cre
St
Ramos Park
r
lR
N Rengstorf
to
Ch
ar
le s
Barron Park Elem. School
W
Ex
w
Henry M. Gunn High School Dr yC reek
y R H OO D S C H OO L S N E I G H BO
d
d
oR
oni
sto
rff
Av e
Barron Park Elementary Juana Briones Elementary Terman Middle School Gunn High School
Monta Number of homes . . . . . . . . . . . . . . . . . . . . . . . . Loma 1199 Elem. School Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Median Sale Price . . . . . . . . . . . . . . . . . . . $2,485,000 Average 82 Sale Price . . . . . . . . . . . . . . . . . . . $2,507,079Centra l Ex Average Price/Square Foot . . . . . . . . . . . . . . . . $1,690 py Average DaysWon Market . . . . . . . . . . . . . . . . . . . . . 20 El C Rengstorff am ino Park Re al
Barron Park Inventory - 2016
Homes for Sale vs. Closed Sales
Jan
Feb Mar Apr May
San Antonio Rd
16 14 12 10 8 6 4 2 0
Jun
El Monte Ave
ill
H O M E SA L E S DATA F O R 2 016
e ng
ot h
Briones Juana Park Briones School Terman Middle School
SR
Fo
Greyhound Bus Station
A nt
Veterans Hospital
The market in Barron Elem. School Park was steady in 2016 as the Old Middlef ie ld Way price per square foot for homes sold remained one of the highest in the city – reflective of smaller homes selling on decent size lots. The median price declined a W M id modest 2.6% with homes moving slightly more quickly than the city-wide average.
S an
Matadero Cree k
nR
Don Segundino Robles Park
f Ave
Neighborhood Perspective Herbert Hoover
Bol Park
Rd
D ow
e ad M E Fairmeadow Library n Rd Elem. School e s to l r a Mitchell Park Ch E Jane L. Stanford Middle School Palo Alto Prep School
d
Al
y Dr
Av e
Wallis Park
G
c ia
Our Lady of the Rosary School
Shoreli View P
e
ar
Court House
d
al
Lo
Hoover Keys School Park
r Ve ma
v eA
an
St
gC
l ey
101
lin
er
Ohlone Elem. ve School do A l a na Ca lor g o C Seale erlin St Park
er
Peers Park
Rd
St
W av
uis
San Antonio Ave
Lo
Barron Park dd
Fabian Way
Jordan Jr. High lef School ie l dR d
d
Mi
eR
Bowling Green Park
or
Greer Park
School
Jul
Aug Sep Oct Nov Dec
Homes for Sale Closed Sales
Barron Park, the southwest section of Palo Alto, has always had a rustic, pastoral feel and still offers a bit of a country life in the midst of urbanity. Nothing points to this character more than the two donkeys that live in Bol Park and are cared for by local volunteers. One of the donkeys, Pericles, served as the model for Shrek’s famed sidekick in the Dreamworks movie Shrek.
Barron Park Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6m
$3,600,000 $4m City Median Median
$2m
$1,635,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
o eg
Lo
Hoover Keys School Park
St
Herbert Hoover Elem. School
nR
to
ar Ch W
W M i dd
lef i
e ld
Rd
Ce
ntr
ente Cree k
oR
d
Inventory and turnover are always low in Green Acres, Greyhound Station Busand especially in 2015 2016, so homes that do come on Monta the market tend to sell quickly. Loma Prices have remained stable, with typically 1-4 Elem. offersSchool on homes at the median price for the neighborhood.
oni A nt
al E x py H O M E SA L E S DATA F O R 2 016 W ENumber lC of homes . . . . . . . . . . . . . . . . . . . . . . . . . 448 Rengstorff am ino Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Park Homes 9 Re al Median Sale Price . . . . . . . . . . . . . . . . . . . $2,480,000
e ng
sto
rff
Av e
Perm an
82
S an
wy
Henry M. Gunn High School
Briones Juana Park Briones School Terman Middle School
Dr yC reek
Ex
ld Way
Neighborhood Perspective
Veterans Hospital
ill
Old Middlef ie
le s
Barron Park Elem. School
Bol Park
SR
Average Sale Price . . . . . . . . . . . . . . . . . . . $2,667,187 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,432 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 19
San Antonio Rd
Green Acres Inventory - 2016
B lv ne re l i S ho
Juana Briones Elementary Terman Middle School Gunn High School
El Monte Ave
d
N E I G H BO R H OO D S C H OO L S
Av nte Mo
Homes for Sale Closed Sales
El
k
Jul
Aug Sep Oct Nov Dec Cre ek
r ee
Jun
Ha l e
Rd
N
W Fre mont
Rd
City Hall
e
Homes for Sale vs. Closed Sales
8 7 6 5 4 City Hall Edith Ave 3Post Office 2 Library Ad obe1 C t 0 in S Jan Feb M a Mar Apr May
r ke
ot h
on Rd
f Ave
Don Segundino Robles Park
Amphit st Charle
e EM Fairmeadow Library n Rd Elem. School e s to l r a Mitchell Park Ch E Jane L. Stanford Middle School Palo Alto Prep School
N Rengstorf
Matadero Cree k
Ramos Park
Dr
San Antonio Ave
w ad o
Fabian Way
ek Cre
Av e
y Dr
G
c ia
El Carmelo Elem. School
ma
Shoreline at Mountain View Park
e
Shoreline
Our Lady of the Rosary School
Al
v eA
ar
Court House
d
d
Bowden Park
r Ve ma
al
St
101 an
l ey
n
gC
Or
S
Ca
lin
Ste
g rlin
Green Acres
er
Wallis Park
Fo
a lor Co Seale Park
er
W av
d
St
dR
As one of Palo Alto’s smaller neighborhoods, Green Acres residents enjoy a feeling of connection and familiarity with their neighbors. Once home to apricot orchards, Green Acres was developed in two stages in the 1950’s. The MLS area also contains the adjoining neighborhood of Palo Alto Orchards, another 1950’s development. All homes in these neighborhoods are within walking distance of the elementary, middle and high schools, as well as Juana Briones Park.
Green Acres Home Sales 2016 Sale Price $14m
$12m
$10m
$8m
$6m
$4,399,680
$4m City Median Median
$2m
$1,920,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
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About Us In early 2017, Golden Gate Sotheby’s International Realty brought together two very successful independent brokerages, each with a reputation for excellence in their local markets. Dreyfus Sotheby’s International Realty, serving the Silicon Valley and mid-Peninsula region, and Decker Bullock Sotheby’s International Realty in Marin County. Soon after, it was announced that a third brokerage, Bay Sotheby’s International Realty, would merge with Golden Gate Sotheby’s International Realty to expand the company’s reach into the East Bay region. The increasingly mobile and global marketplace has added a demand for our deep local expertise to be communicated with a regional, national and international audience as buyers come to the Bay Area from all over the world. embedded in the community
Our inspiration comes from deep involvement and care for the communities we serve. Real estate has always been hyper-local, and always will be. We live and work here. We have insider knowledge of homes available both publicly and privately, and advantageous real-time information on local pricing. We see ourselves as community caretakers and do all we can to help our friends and neighbors make living here a rich experience.
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The global platform of Sotheby’s International Realty, combined with our local expertise and understanding of the region, afford our clients the best of local and international representation and exposure. The Sotheby’s International Realty network includes over 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide.
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