When I tell folks around here that my husband and I moved to Lake Norman from California for no other reason than we wanted to, many of them seemed surprised. So, when I got this update from a great blog in the Palo Alto area 3 Oceans Real Estate, it was just too great an opportunity to share a glimpse into their current market to pass up. Remember, the California housing market was hit much harder and earlier than our Lake Norman area:
“As a couple of data points, our listing for a three bedroom home at 842 Sycamore Drive in Palo Alto, an entry-level home priced at $949,000, received 14 offers and sold for over $1,100,000. A similar property nearby on Greer received 12 offers the same week and sold for just under $1,100,000 vs. a list price of $979,000″.
842 Sycamore Drive, Palo Alto