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Average Home Prices
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Compiled by PAL Staff
The following list of average home prices is just our observation from newspapers and various listings. Although not scientific, it should give you a rough idea of what you would expect to pay for a home in the Palo Alto area.
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Atherton
East Palo Alto
Los Altos
Los Altos Hills
Menlo Park
Mountain View
Palo Alto
Portola Valley
Woodside
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$600,000
$400,000
$1,100,000
$2,200,000
$1,000,000
$600,000
$1,000,000
$1,100,000
$1,700,000
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Funny Money v. Housing Cost
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by PAL Staff
No, we're not talking about the game of Monopoly. Funny Money refers to money generated from the stock market or stock options in a short period of time. To the owner, the money usually does not seem real because it wasn't earned over a period of time with hard work. In Silicon Valley, as you can imagine, due to a lot of dot com companies and hi-tech companies, funny money is a common phenomenon.
So what does that has to do with housing cost in the Palo Alto area? Well, let's say you are one of the lucky funny money owners and you found a dream home in Palo Alto's Professorville area. The asking price is $1M and you know there are other interested buyers eyeing the same piece of property. Knowing your pocket is loaded with money that you earned from selling some hot hi-tech stocks, you probably wouldn't mind adding $100,000 or more just to secure the dream home. Because of that, the average sales price for homes in Santa Clara County consistently exceeds the asking price by a significant amount.
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Online Resources
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Compiled by PAL Staff
4SaleByOwner.com
$19.95 to list your home for up to 12 months.
AllHomes.com
A real estate Internet search engine (aka cyberlistings.com). Free real estate listing software and web pages.
America's Home
Tools available for both buyers and sellers.
BuyOwner.com
Buying property, selling property, free list, loan information, etc.
Home Connections
Search for homes in the United States.
The Home Market
A showroom of real estate information and listings for homes, land, and other properties for sale by owners, agents, builders, developers, and other profesionals.
HomeBuilder.com
An online service for finding a new home.
Homes.com
Find a home, neighborhoods, mortgage and finance, calculator, etc.
iFindHouses.com
Find your house, find your mortgage, get advice and rates.
iOwn.com
Find a home, shop for best rates, check today's rate, apply for a loan, etc.
MLS FSBO
Multiple Listing Service for For Sale By Owner.
MLS Online
Find a property by state and county.
MLS Today
An interactive and dynamic Multiple Listing Service displaying 360 degree views and up to 10 picture slide shows per listing.
Owners.com
In addition to providing the most listings of any service in the US, Owners.com provides all of the services, consumer tools, products, and educational content necessary for users to successfully buy and sell residential real estate.
Realtor.com
Find a home, find a neighborhood, find a realtor, find a lender, personal planner, etc.
Realty.com
Search for homes, find an agent, sell your home, neighborhoods, etc.
zipRealty.com
An national online real estate brokerage for buyers and sellers.
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