$1.9M Condo: Luxury Real Estate Insights
- A condominium in Palo Alto, located in the 700 block of loma Verde Avenue, changed hands for $1.908 million.
- The sale provides insight into the Palo alto real estate market, where condo values remain strong. Similar properties in the vicinity have also been sold recently, offering a...
- Market observers will be watching closely to see if this real estate trend continues in Palo Alto,as interest rates and inventory levels fluctuate.
Witness a pivotal moment in Palo Alto real estate: a condo on Loma Verde Avenue just sold for a staggering $1.908 million! That translates to $1,232 per square foot for this 1,549-square-foot condominium, a prime example of the area’s robust property values. This sale provides key insights into the current condo values and the overall Palo Alto real estate market. Explore recent comparable sales,including those from 2022 and 2023,to understand the evolving pricing trends in this coveted location. News Directory 3 delivers thes crucial real estate updates. Discover what’s next as we monitor market changes and interest rate impacts.
Palo Alto Condo on Loma Verde Sees $1.9 million Sale
A condominium in Palo Alto, located in the 700 block of loma Verde Avenue, changed hands for $1.908 million. The sale of the 1,549-square-foot property, built in 1985, closed on April 21, 2025. This translates to $1,232 per square foot for the two-story condo, which sits on a 2,640-square-foot lot. The recent real estate transaction highlights the continued demand for Palo Alto real estate and the area’s high property values.
The sale provides insight into the Palo alto real estate market, where condo values remain strong. Similar properties in the vicinity have also been sold recently, offering a comparative outlook on pricing trends.
Comparable Sales
Recent sales of comparable properties include:
- October 2023: A 1,554-square-foot unit on Loma Verde Avenue sold for $1.6 million ($1,030 per square foot).
- August 2022: A 1,384-square-foot unit on the 700 block of Loma verde Avenue sold for $1.55 million ($1,120 per square foot).
- October 2022: A 1,426-square-foot unit on Loma Verde Avenue sold for $1.85 million ($1,297 per square foot).
What’s next
Market observers will be watching closely to see if this real estate trend continues in Palo Alto,as interest rates and inventory levels fluctuate.