I have reviewed the July MLS statistics for Single Family Homes in Palo Alto, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto 08/22/2007

I have reviewed the July MLS statistics for Condominiums & Townhomes in Palo Alto, California. Please listen to my podcast to learn about the key trends and indicators in this area. If you have any questions about the market, feel free to give me a call at 408-829-4141 or e-mail JohnPinto@jvpinto.com Thank you, John V. Pinto 08/22/2007

Mid Peninsula real estate tours are on Tuesday and Friday.  This home, listed by Coldwell Banker, was presented on Friday's tour in Palo Alto. Not the highest price home on tour, but if you have time to see only one house, take a look at 2120 Cowper Street in Palo Alto.  The listing shows it as over 6,000 square feet on a lot of over 7,500 square feet, 3 years old (in my book, 3 years old is better than new; the bugs have been worked out) and priced at $5,000,000.  Even if your budget doesn't take you that far, it is worth a look.  It really represents an excellent combination of  today's most popular features (large square footage, basement living area with excellent light wells, large family room kitchen, huge master bedroom suite, large rear gardens) with classic styling and elegance. 08/14/2007

I am like probably many people:  I like to read about ridiculous and extreme things.  These things keep me entertained, and helps me keep things in proper perspective.  That is why I keep writing about these extreme items of over bidding.  Palo Alto has always been the bellwether for real estate industry in Silicon Valley.  What happens in Palo Alto seems to trickle down to other areas.  This always been - my senior colleagues tell me - and as far as I can see, will always be.   Multiple offers is the norm in Palo Alto, period.  Check out the graphs below and tell me if I you question my opinion. Does it seem like we are going through a market correction and buyers are getting a bit more control of the market place? Average cost per square foot is $846.67annualized!   I thought only Man... 06/16/2007