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Home sales: Property that sold for $3.9M in 2020 just fetched $9.5M in July

Original post made on Aug 13, 2023

Of the 34 home sales recorded this week, Los Altos saw the most transactions, with 11 homes sold, and Menlo Park saw the highest sales tag at $9.5 million. Palo Alto saw the only sale recorded for under $1 million.

Read the full story here Web Link posted Friday, August 11, 2023, 1:41 PM

Comments (4)

Posted by MyFeelz
a resident of another community
on Aug 13, 2023 at 5:26 pm

MyFeelz is a registered user.

Titanic's sinking, the rats are scurrying to the lifeboats. I wonder how this will affect the demographics of each multi-million dollar sale neighborhood. Of course I would love to see who's buying and who's selling, but our County Clerk refuses to divulge those details. We pay the County Clerk to refuse to provide public records access. Am I the only one who sees what's wrong with this picture?


Posted by lindat
a resident of Evergreen Park
on Aug 14, 2023 at 9:22 am

lindat is a registered user.

If you hover over the purple key icons in the map at the top, you can find buyer/seller information for each sale.


Posted by RDR
a resident of another community
on Aug 14, 2023 at 2:43 pm

RDR is a registered user.

Sort of misleading as a headliine. It matters that as the details show a brand new massive 5900 sf home was built on the property in between the sales. To get a dug out basement living space new construction like that might have cost $800 a square foot, so the profit would be reduced by the expensive cost of building the deluxe new home.


Posted by Lightning Man
a resident of College Terrace
on Aug 21, 2023 at 9:30 pm

Lightning Man is a registered user.

So many of the buyers seem to be LLCs. I wonder if these homes will become rentals.


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