Last week, Palo Alto recorded five residential real estate sales, highlighting a strong luxury market. The highest sale was for a single-family home at $11.5 million, part of a week that showed an average sale price of $4.2 million and an average price per square foot at $1,391. The properties varied from a $640k condominium to multimillion-dollar homes, indicating a diverse market appealing to various buyers. These sales reflect Palo Alto's high demand for residential properties, particularly in attractive neighborhoods.
The residential real estate market in Palo Alto saw a high-end sale of $11.5 million last week, highlighting the area's continued demand for luxury properties.
Overall, five residential sales were recorded in Palo Alto, with an average price of $4.2 million, showcasing the robust real estate market in the region.
The most expensive sale of the week was a single-family residence on Mesa Ave. priced at $11.5 million, reinforcing the trend of escalating property values.
The average price per square foot for the week reached $1,391, indicating significant investment in high-value real estate despite broader economic challenges.
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