How Many Cash Buyers In Palo Alto?

I was asked an interesting question recently. What is the percentage of cash buyers in Palo Alto?  It may not be what you think.

Homes under 1 million in the last year: 67 total  Sold with all cash:  9

Homes from 1-2 million:  255     Sold with all cash:  31

Homes from 2-3  million:  64  Sold with all cash:  20

Homes over 3 million:     21   Sold with all cash:    14

So despite what you hear about cash being king and so many buyers being beat out by all cash investors, in Palo Alto, a very high number of buyers are still purchasing homes with loans.

If you have any questions about buying or selling a home in Palo Alto please feel free to contact me.

Marcy Moyer

Kelle Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E.  01191194