Take mild weather, a thriving economy, great cultural and natural amenities; add in not one, but two downtowns surrounded by housing; and finally, drop in one of the highest-ranked universities in the world, and you’ll find yourself in Palo Alto, Livability.com’s 2014 Best Place to Live.
Mayor Greg Scharff describes Palo Alto, a city of 65,000 residents, as an “urban village.” Walkable downtowns are often removed from the housing stock in a city. You can walk around within them, sure, but you have to drive, bike or train to get to them. In Palo Alto, the main streets are ensconced in residential areas.
Housing is expensive, but wages are higher than average. Once you own a home, its value is likely to rise, and when you’re ready to sell, it likely won’t sit on the market for long. The Caltrain commuter rail brings in workers from nearby areas, and the city is investing in affordable housing for seniors.
Furthermore, Palo Alto is prides itself in being the first carbon neutral city. It also owns it owns power plants, which means lower rates for consumers. Palo Alto is also home to Tesla Motors, making the city one of the largest concentrations of electric vehicles in the world.
For the full article, visit http://livability.com/palo-alto/ca/living/palo-alto-ca-livability-top-100-best-places-live-2014
Also, if your curiosity has been spiked and you want to learn more about the Palo Alto real estate market, Eric and Janelle Boyenga of the Boyenga Team can help you in your search for the perfect Palo Alto home or provide a consultation if you are thinking of selling. Feel free to call us today 650-947-4645
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