Episode 3 · Transaction Data, Bidding Wars & Valuations (Client Access Only)
Palo Alto Home Prices, Days to Contract and Supply
Palo Alto is a city where single-family houses draw many offers and few come up for sale. This guide shows what those houses sell for, how often they close above the asking price, how fast they go under contract, and how many are for sale now. It covers single-family detached houses only.
💡 Key Market Takeaways & Executive Summary
- Houses that had been listed before closed a median 0.9% under their original ask, while first-time listings closed a median 5.5% over it.
- The median house went under contract 9 days after it was listed, and only 10.3% of the recent closings had the ask cut before that.
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Proprietary Transaction Data & Micro-Comparables
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