Downtown Neighborhood - Palo Alto
The main business district of Palo Alto is downtown Palo Alto with the majority of the businesses located between Alma Street and Middlefield Road, on University Avenue, Hamilton Avenue, Lytton Avenue or the streets perpendicular to these three. The downtown area had its first big development at the time Stanford University was started. Lots were created and marketed with the intent of turning Palo Alto into one of the most significant towns in the area. The typical residential lot is not very large having been originally created for town residents. The homes and buildings have great variety. With the growth of Silicon Valley the downtown business district has transformed from a small town which typically closed up at 6:30pm on weekday evenings to a small active city with activity continuing into the evening after many people have gone to bed. During this transformation, some of the older buildings were preserved, some replaced by rather utilitarian buildings, and later some were replaced by quite elegant buildings. Some of the more recent prominent changes are the construction of several large luxury condominium complexes on the south side.
Downtown has become fairly desirable, with prices climbing.
Downtown Neighborhood Home Sales Statistics