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Real Estate Matters: High-end homes staying on market longer

Original post made on Jun 24, 2016

A recent Bloomberg report reveals some shifts in the real estate market for higher-end homes in Palo Alto, pointing to an increase in days on the market for properties priced at $5 million and above. The article discusses how some sellers are making half-million-dollar price reductions to get these homes sold and notes that "stock-market turmoil, a drop in foreign investors and concerns of a technology industry slowdown are cooling demand at the high end."

Read the full story here Web Link posted Friday, June 24, 2016, 12:00 AM

Comments (3)

Posted by Duh!
a resident of Crescent Park
on Jun 24, 2016 at 12:39 pm

What? No Chinese Investor's to rescue the owners of overpriced luxury housing??

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Posted by Downsized
a resident of another community
on Jun 24, 2016 at 12:53 pm

Yah, they're now settling for the 2M houses...still gobbling them up like potato chips.

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Posted by TearerDowner
a resident of Crescent Park
on Jun 25, 2016 at 7:19 pm

So then, what about the low end ... does that mean the low end is stable, or even rising still ?

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