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Michael Dreyfus
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Palo Alto The first quarter of 2012 saw our usual Palo Alto leap, with the median sale price jumping 18%. The hot part of the market was the lower part, reflected in a lesser 4% increase in the average. That could be as much about lack of inventory, particularly high-end inventory, as m...
Posted 05/15/12


 
 
As we approach the golden IPO moment, I though I'd take the time to address the “Facebook Effect” on our local market. Despite the breathless proclamations by real estate agents and hopeful sellers about dramatic price increases due to Facebook buyers with money falling out of the...
Posted 05/15/12


 
 
Finally 2012. The year everyone in local real estate has been waiting for. Facebook is going public, the tech sector is chugging along and multiple offers are back. 2011 saw a big rebound in Palo Alto prices and the early goings of January have been hot, hot, hot. Every real estate agent in town ...
Posted 01/28/12


 
 
Everyone in the Valley is talking about how hot start-ups and high-flying IPOs make this the year to cash in for those who are considering selling their homes. While this may be true, there is another more concrete reason to think about selling soon. It’s an issue as old as the hills: taxes...
Posted 01/20/12


 
 
Palo Alto rang in the New Year with a big bump in prices. The median price rose 7% and the average price went up 22% from the previous December. Real estate agents have their seat belts on and their tray tables locked as they wait to see how the much the heralded “Facebook Effect&rdquo...
Posted 01/18/12