Low DOM For Palo Alto Houses

Recently JLee Realty began plotting median days on market in addition to average days on market for homes for sale. The median plot emphasizes the change that began around 2012. The median days on market for Palo Alto real estate stays very low with only occasional...

Average Size Of Palo Alto House Sold Spikes Up

An unexpected change in Palo Alto real estate trends was spotted on Aug 23, 2023. The average size of houses sold spiked up dramatically to its highest ever quarterly value. Although the Palo Alto house price per sq. ft. did not change dramatically, the spike in...

Short Term Rental Taxes: Airbnb, Vacation, etc.

You do not have to be a real estate professional to move short-term rental income out of the passive income category. This allows many families to deduct their short-term rental losses from other income, reducing their taxes. These tax savings and the higher per-day...

New Townhouses Coming – Summerhill Homes

Summerhill Homes purchased a 2.4-acre site at 2850 W. Bayshore Road in Palo Alto for $27.5 million through an affiliate. The site currently has a single-story office building. Their proposed development would have 48 three-story townhouses. The rendering of the front...

1031 Exchange, Cash Boot Is Taxed

If your replacement property has a lower purchase price than the sales price of the property you sold, the difference will be refunded to you by your 1031 exchange intermediary at the end of the 180 day period defined for purchasing your replacement property. Since...