Palo Alto Real Estate Still On Fire

I just toured all 6 single family homes for sale in Palo Alto under $1,100,000. It did not take long... all were small 1,000 square foot homes with 2 or possibly 3 bedrooms and 1 bath - on average. All were on the market less than 7 days - which means everything in that price range is selling after the first open house weekend. Palo Alto has not missed a beat - while the east valley is having a major coronary event - two very different worlds.