What’s new in Green Gables?
Find out below.
Neighborhood Stats
As a premier city in Silicon Valley, Palo Alto is famous for pricey houses and a vibrant housing market. Every year, many prospective buyers flock to the city, attracted by its top-notch schools, a culturally rich community, and best-in-class amenities. Green Gables comprises a significant portion of the overall Palo Alto housing market. Below are the market trends for single-family houses in the last few years.*
The median sales price for Green Gables in July 2023 was $4,415,000, up 24.4% from $3,549,000 from June 2023 and 33.2% higher than $3,314,000 from July 2022.
The average sales price for Green Gables in July 2023 was $4,415,000, up 19.0% from $3,709,750 from June 2023 and 33.2% higher than $3,314,000 from July 2022.
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot for Green Gables in July 2023 was $2,011, up 6.8% from $1,882 from June 2023 and 11.3% lower than $2,266 from July 2022.
The number of properties for Green Gables sold in July 2023 was 1, down 87.5% from 8 from June 2023 and 50.0% lower than 2 from July 2022.
The average days on market (DOM) is the number of days a property is on the market before it sells. The DOM for Green Gables for July 2023 was 40 days, up 81.8% from 22 days from June 2023 and 233.3% higher than 12 days from July 2022.
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. The July 2023 sales price/list price ratio for Green Gables was 98.2%, down from 100.1% from June 2023 and down from 104.3% from July 2022.
* All data are based on information from MLSListings Inc. for the periods shown. Source data are deemed reliable but not guaranteed.