"A house that sold for $12.5 million tops the list of the most expensive residential real estate sales in Palo Alto in the past week. In total, 14 residential real estate sales were recorded in the area during the past week, with an average price of $4.7 million. The average price per square foot ended up at $1,864. The prices in the list below include real estate sales where the title was recorded during the week of July 21 even if the property may have been sold earlier."
"7. $4.4 million, single-family house in the 1800 block of Edgewood Drive A sale has been finalized for a detached house in the 1800 block of Edgewood Drive in Palo Alto. The price was $4,400,000. The house was built in 1950 and the living area totals 1,997 square feet. The price per square foot ended up at $2,203. The house features 4 bedrooms and 4 bathrooms. Edgewood Drive"
Fourteen residential properties in Palo Alto recorded title transfers during the week of July 21, with an overall average sale price of $4.7 million and an average price per square foot of $1,864. The most expensive sale reached $12.5 million. Recorded transactions include a variety of single-family homes built in the 1950s and earlier, with living areas ranging from about 1,240 to 1,997 square feet. Individual sale examples include a $3,000,000 Sutter Avenue home, a $3,050,000 Colonial Lane residence, and a $4,400,000 Edgewood Drive property priced at $2,203 per square foot.
Read at The Mercury News
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