Real Estate Matters | August 3, 2012 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

Real Estate - August 3, 2012

Real Estate Matters

How foreign investment impacts Palo Alto's market

by Michael Repka

The confluence of a vibrant economy, ideal climate and intellectual capital draw people to Silicon Valley from around the world. This melding of cultures, ideas and approaches only serves to intensify the appeal of this area. As the demographic profile of the area changes, so does the real estate market. These changes can be seen in the increase in construction, all-cash offers, shrinking inventory and resultant appreciation, especially in areas with great schools.

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Michael Repka, managing broker and general counsel for DeLeon Realty, Palo Alto, formerly practiced real estate and tax law in Palo Alto. He serves on the Board of Directors of the California Association of Realtors. He can be reached at MichaelR@DeLeonRealty.com.

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