Welcome to Palo Alto
Historically, Palo Alto is more than 100 years old and named after a majestic 1000-year old coast redwood tree, El Palo Alto, which still grows along the banks of San Francisquito Creek, where early Spanish explorers once settled. The blend of business and residential areas anchored by a vibrant downtown perfectly defines Palo Alto’s unique character. Nicknamed the “land of the tall trees,” Palo Alto’s tree-lined streets and historic buildings reflect its California heritage.
At the same time, Palo Alto is recognized worldwide as the leader in cutting-edge technology development. Currently, Palo Alto is the corporate headquarters to a number of high-technology companies, such as Hewlett-Packard, VMware, Tesla Motors, and Skype. Palo Alto also serves as an incubator to several other popular high-technology companies, such as Apple, Inc., Google, Facebook, Sun Microsystems, Pinterest, and PayPal. Lured by these high tech companies and start-up businesses, many international law firms also established offices in this city.
Today, Palo Alto is one of the most expensive cities in the United States, and its residents are among the most educated in the country. Over three-quarters of the adults in this community have advanced degrees. From elementary to high school, Palo Alto's public school system is ranked among the top in the nation. This fact is not surprising considering the close ties to Stanford University, a leading academic research university that produced many Nobel prize winners, Silicon Valley CEOs, leading scholars, and famous politicians.
Besides conveniently located near businesses and access to quality public schools, Palo Alto residents have an amazing array of activities and amenities. Winding throughout Palo Alto are running paths for joggers and walkers. Weekends, residents can be seen playing in the parks, walking in the foothills or baylands, attending cultural activities, shopping in the outdoor malls, and dining at ethnically diverse restaurants.
Within Palo Alto, there are 13 neighborhoods (plus the Stanford campus), each with distinctive character and charm.
2016 Palo Alto Sales (YTD)
Median Price: $2,550,000
Average Days on Market: 23
Total Sales: 297
Average Price per Sq. ft.: $1,513
Highest MLS Sale: $11,000,000
Lowest MLS Sale: $1,325,000
*Call your DeLeon Palo Alto Specialist for neighborhood specific analysis.