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The median home sale price for all of Palo Alto was $1.2 million in 2007 [52] and $1.4 million in July 2009. [53] Palo Alto ranked in as the 5th most expensive city in the United States as of 2007, with an average home sales price of $1,677,000. [54]
Furthermore, the average monthly inventory of homes for sale in Silicon Valley increased 15% from 2017 to 2018. [3] Real estate agents report an increasing number of middle-aged and elderly residents selling their homes and moving to more affordable locations, and although this has not made the housing market "affordable", it is causing changes.
Here are all the real estate holdings belonging to Ellison, the fifth-richest person in the world. Oracle cofounder Larry Ellison is the fifth-richest person in the world, with a net worth of more ...
Developer Joseph Eichler built the development, which includes 243 single-story homes, in 1954–55. Architects A. Quincy Jones and Frederick Emmons designed the plans for the modernist homes; homebuyers chose from six models, which they could modify at an additional cost. Jones was the primary architect for the Greenmeadow properties and was ...
Back in 2012, when Zuckerberg was #40 on the list with an estimated $15.6 billion net worth, he refinanced his home in Palo Alto, California, with a 30-year adjustable rate mortgage at 1.05%.
In September 2015, the home went up for sale with a price tag of $4.2 million. [14] With no luck finding a buyer, the home came back on the market in early 2017 at the reduced price of $3.2 million. [15] In June 2017, it finally sold for $2.8 million. [16]
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