Silicon Valley Real Estate :: Carol and Nicole

 
Carol Carnevale • DRE# 00946687 • 650.465.5958
Nicole Aron • DRE# 00952657 • 650.740.7954
CarolAndNicole@compass.com
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You are here: Home / Communities / Palo Alto

Palo Alto

community palo alto
University Avenue, Downtown Palo Alto

Palo Alto Homes and Real Estate Sales

The Palo Alto real estate market is one of the most dynamic in the United States. Whether you are buying or selling a home, you need to be armed with the facts so that you can make quick, informed decisions about the purchase or sale of homes.

There are thirteen distinct neighborhoods in Palo Alto, and within them some smaller communities that have unique characteristics such as a  common original developer. North Palo Alto includes the neighborhoods of Downtown, Professorville, Community Center, Crescent Park, Green Gables and Old Palo Alto. South Palo Alto includes College Terrace, Ventura, Midtown, South Palo Alto, Green Acres and Barron Park. The Palo Alto Hills neighborhood has larger parcels of land and is more remote. There are a variety of home styles and no matter where you live in Palo Alto, there is a great sense of community.

Real Estate Market Facts

Single Family Homes

Some key Palo Alto market indicators based on Multiple Listing Service data are as follows. The chart compares YTD statistics Q3 2018 to Q3 2019.

January- September 2018 January-September 2019 Change
Number of Homes Sold 263 240 -8.75%
Median Sale Price $3,235,320 $3,080,000 -4.80%
Average Days on Market 16 27 +11 Days
Sale Price to Original List Price Ratio 109.5% 100.9% -8.6%

Condominiums & Townhomes

For homeowners who prefer shared maintenance, there are a number of condominium and townhome options located throughout Palo Alto. The statistics for YTD Q3 2018  compared to 2019 are as follows:

January- September 2018 January-September 2019 Change
Number of Units Sold 66 53 -24.53%
Median Sale Price $1,720,000 $1,500,000 -14.67%
Average Days on Market 13 31 +16 Days
Sale Price to Original List Price Ratio 111.3% 102.1% -9.2%

By any measure market trends are down comparing 2018 to 2019, however, when evaluating residential real estate it is essential to take a long view.  Ten years ago in 2009 the Median Sale Price for a Palo Alto home was $1,320,000, and for a condominium/townhome it was $725,000.

If you would like an accurate assessment of value of your Palo Alto property, or if you would like to discuss whether this is the right time to make a purchase, we invite you to contact us. It would be a pleasure to be of service to you.

Quality of Life

community palo alto 2
Briones Park

We are often asked about the factors that drive this remarkable real estate market. Of course, there is the underlying economic principle of supply and demand, but beyond that people continue to be attracted to Palo Alto for its:

  • Award-winning unified school system, grades K-12, including two highly ranked high schools, two alternative elementary schools and both Spanish and Mandarin immersion programs.
  • Proximity to world-renowned Stanford University.
  • Vibrant downtown area featuring a wide variety of boutiques and an international array of restaurants.
  • Progressive, inclusive population. Often leading the way with sound environmental lifestyle programs, Palo Alto was the first city in the United States to create a bicycle boulevard and it actively promotes a Zero Waste program throughout the City. Palo Alto recently opened Magical Bridge Playground designed for children with varying physical and cognitive needs.
  • Diversity of population including world-changing entrepreneurs who abound with creativity and who inspire others by their indomitable spirit.
  • Technology culture with deep start-up roots including Facebook, Tesla, HP, VMware, and Intuit, to name a few.

Palo Alto is truly the city where anything is possible!

community palo alto 3
Palo Alto Community Gardens

Navigating the Palo Alto market requires knowledge and understanding. We can provide you with the facts you need and additionally, based on over 30 years of experience selling homes in Palo Alto, we have deep roots and connections that we can leverage for you in creative ways. Some of the most gratifying real estate experiences have been presenting opportunities for our clients, both sellers and buyers, based on personal connections and knowledge of the real estate market.

Contact us to put our knowledge and creativity to work for you!

City of Palo Alto Website

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Critical questions for sellers
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They provided an extraordinary amount and blend of professional expertise, tireless commitment, steadfast patience and reassuring comfort. And to think that they were able to do all this while maintaining a sense of humor – and helping us relax along the way – is simply amazing!
B. & N.S.
I could not be happier. They are patient, detailed, efficient, diligent professionals who go above and beyond the call of duty, without pressuring you. They will check every box for you and put your interests first. You will be very happy if you choose them!
C.L.
Carol & Nicole impressed us with their in-depth market knowledge. Their understanding of the market was invaluable when it came to setting the price for our house (we got multiple offers and it sold for over asking!) and then again when it came to the purchase of our new home (again, a multiple offer situation – and we won at a price we felt comfortable with).
A.H.
We had a phenomenal real estate experience with Carol and Nicole buying our first home in PA. Their dignity, attention to the smallest detail, level of preparedness, and impressive knowledge of all related issues made us feel extremely secure through this process. Carol and Nicole are truly our friends!
G.P.
When we hired you and your team, we knew that you were a consummate professional. Having known you personally for years, we figured that you were among the best real estate agents in the Valley. Now having worked with you, I would say that you are truly the Michael Jordan and Wayne Gretsky of your profession… ‘Simply the Best!’
J.C.
When we hired you and your team, we knew that you were a consummate professional. Having known you personally for years, we figured that you were among the best real estate agents in the Valley. Now having worked with you, I would say that you are truly the Michael Jordan and Wayne Gretsky of your profession… “Simply the Best!”
J.C.
Carol & Nicole make house buying and selling fun! How is that possible?! They are a joy to work with and my husband and I joke that we’ll need to sell our house in short order so that we have the opportunity to work with them again sooner rather than later. The process is such an emotional one that having a steady but enthusiastic guide is truly invaluable.
A.H.
I have extremely high standards for accurate information, insightful analysis, prompt, business-like communications, thoroughness and conscientious follow-through. They are unique in possessing those qualities and still being among the most cordial and pleasant people I know.
J.M.
Carol and Nicole were quick to assess the property and the necessary improvements for sale. They arranged and supervised prompt and efficient repairs by responsible contractors. They were always accessible and courteous — the ultimate professionals.
S.H.
My wife and I just completed the purchase of a condo in Los Altos. I echo the praise of other reviewers. We worked more closely with Carol than with Nicole and have nothing but compliments to pay. I would not hesitate for a second to recommend them. Professional, dedicated, thorough, and – importantly – pleasant to work with. Just great on every level.
P.S.
Carol And Nicole Palo Alto Real Estate
Palo Alto real estate team, Realtors Carol and Nicole support clients in buying and selling their treasured homes in Palo Alto and the Silicon Valley

Carol Carnevale • 650.465.5958
Nicole Aron • 650.740.7954
CarolAndNicole@compass.com
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Carol & Nicole is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker licensed by the state of California #01527235 and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit properties already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.