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05-17-2016, 08:22 PM
Homes near Google co-founder Larry Page and Steve Jobs' widow aren't selling like they used to
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A custom-built home in the heart of California’s Silicon Valley had its price cut by $500,000 last week after sitting on the market since the end of March — a move that would’ve been almost unfathomable a year ago and a signal that frenzied demand has peaked.
The six-bedroom, five-bath house in Palo Alto — located blocks from Stanford University and the homes of Google co-founder Larry Page and Steve Jobs’s widow, Laurene Powell Jobs — is **w listed for $7.5 million. It joins a growing inventory of high-end homes in the area that are taking longer to sell.
SEE ALSO: Home prices climbed in 87% of U.S. metro areas in first quarter (http://www.bloomberg.com/news/articles/2016-05-17/silicon-valley-mansions-linger-on-market-in-real-estate-slowdown) Read more... (http://mashable.com/2016/05/17/silicon-valley-real-estate-slowdown/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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A custom-built home in the heart of California’s Silicon Valley had its price cut by $500,000 last week after sitting on the market since the end of March — a move that would’ve been almost unfathomable a year ago and a signal that frenzied demand has peaked.
The six-bedroom, five-bath house in Palo Alto — located blocks from Stanford University and the homes of Google co-founder Larry Page and Steve Jobs’s widow, Laurene Powell Jobs — is **w listed for $7.5 million. It joins a growing inventory of high-end homes in the area that are taking longer to sell.
SEE ALSO: Home prices climbed in 87% of U.S. metro areas in first quarter (http://www.bloomberg.com/news/articles/2016-05-17/silicon-valley-mansions-linger-on-market-in-real-estate-slowdown) Read more... (http://mashable.com/2016/05/17/silicon-valley-real-estate-slowdown/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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