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Why are so few Palo Alto homes on the market?
Many longtime owners face steep tax increases when they sell, while only about 1 in 40 detached homes changes hands each year.
Summary by Palo Alto Online
4 Articles
4 Articles
Palo Alto Online+3 Reposted by 3 other sources
Why are so few Palo Alto homes on the market?
Palo Alto homeowners who want to downsize face two challenges: finding a smaller home in the city and avoiding a steep increase in property taxes when they sell. In the past 12 months ending Sept. 30, about 414 single-family homes in Palo Alto sold through the regional multiple listing service, according to closed-sale records from MLSListings. The Census Bureau estimates that the city has about 16,800 detached houses. That means roughly one out…
Coverage Details
Total News Sources4
Leaning Left4Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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