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Palo Alto

Why you'd want to live in Palo Alto

Palo Alto CA is named for a beautiful 250-year-old redwood tree along San Francisquito Creek, where early Spanish explorers settled. The combination of residential and business areas centered by a vibrant downtown defines Palo Alto’s unique character. Palo Alto is truly a charming mixture of old and new, with tree-lined streets and historic buildings which reflect its California heritage. At the same time, Palo Alto is noted as a worldwide leader in state-of-the-art technological development. This exciting mix of tradition and innovation makes Palo Alto a fantastic place to live and work. Palo Alto is a Residential Community Palo Alto is a small residential community with approximately 25,000 housing units. Its parks, school system, and recreational and cultural facilities are amazing. The technology industry of Silicon Valley has ties in Palo Alto, partly because of the presence of Stanford University adjacent to the city. Complementing its exciting and innovative business community, Palo Alto’s residents are highly educated, politically aware and culturally sophisticated. An abundance of local pride and numerous neighborhood organizations contribute to Palo Alto’s charming historic and upscale commercial and residential areas. Palo Alto contains a Mediterranean-type climate. Temperatures are warm, and precipitation falls mainly in the winter months. Because of this, the vegetation native in this region has evolved to take advantage of water in the winter months and also to stay alive in the dry summer season. Unique among California cities, Palo Alto is a full-service municipality that owns and operates its gas, electric, water, sewer, refuse and storm drainage services at very competitive rates for its customers. Distinctive in every way, Palo Alto offers its business community a diverse and exciting environment in which to work and live.

Palo Alto Market Report

$3,866,501

AVERAGE PRICE OF 79 HOMES

$3,983,630

AVERAGE PRICE OF 76 MULTI-MILLION DOLLAR HOMES

$8,842,600

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$4,712,524

AVERAGE PRICE OF 21 HOMES WITH A POOL

$4,770,105

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $3,866,501
Avg Bedrooms 3.72 beds
Avg Bathrooms 2.66 baths

Average Price by Bedrooms

2 bedrooms $1,801,649
3 bedrooms $2,708,329
4 bedrooms $3,830,778
5 bedrooms $5,599,143
Palo Alto Home Price Trends
  8/2018 7/2018 6/2018 5/2018 4/2018
Total Listings 69 70 74 87 n/a
Average Price $3,826,800 $4,099,854 $3,929,764 $3,702,429 n/a
Avg Price Change -7.14% +4.33% +6.14% n/a n/a
Median Price $2,904,278 $2,977,933 $3,037,905 $2,766,856 n/a
Med Price Change -2.54% -2.01% +9.80% n/a n/a
Avg Bedrooms 3.59 beds 3.72 beds 3.73 beds 3.56 beds n/a
Avg Bathrooms 2.58 baths 2.67 baths 2.66 baths 2.59 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Henry M. Gunn High 25 $3,973,544 35 days
Palo Alto High 33 $4,284,788 34 days
Total Homes Average Price Avg Days on Site
All Homes 79 $3,866,501 34 days
Multi-Million Dollar Homes 76 $3,983,630 34 days
Newly Built Homes 5 $8,842,600 41 days
Homes with a Pool 21 $4,712,524 55 days
Reduced Price Homes 19 $4,770,105 75 days

School Data

Highly Rated Palo Alto Schools

10

ADDISON ELEMENTARY SCHOOL
Elementary School
Public

9

BARRON PARK ELEMENTARY SCHOOL
Elementary School
Public

10

DUVENECK ELEMENTARY SCHOOL
Elementary School
Public

10

EL CARMELO ELEMENTARY SCHOOL
Elementary School
Public

10

ESCONDIDO ELEMENTARY SCHOOL
Elementary School
Public

10

FAIRMEADOW ELEMENTARY SCHOOL
Elementary School
Public

10

JUANA BRIONES ELEMENTARY SCHOOL
Elementary School
Public

10

LUCILLE M. NIXON ELEMENTARY SCHOOL
Elementary School
Public

10

PALO VERDE ELEMENTARY SCHOOL
Elementary School
Public

10

WALTER HAYS ELEMENTARY SCHOOL
Elementary School
Public

10
10
10

TERMAN MIDDLE SCHOOL
Middle School
Public

10

HENRY M. GUNN HIGH SCHOOL
High School
Public

10

PALO ALTO HIGH SCHOOL
High School
Public