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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.41

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Nov 7 3:59 PM EST

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To: fedhead who wrote (99938)	4/12/2000 3:05:00 PM
From: Ingenious	Read Replies (1) of 164684

Real estate prices in Palo Alto remain extremely strong over the past several months. I have been watching the overbidding spiral out of control. In general, the price range and overbids I have seen: 1. $930 asking; $1.4M sale price - 4/2 about alma x channing 2. $750 asking; $1.15M sale - several different 4/2 Eichlers in mid town PA 3. $1.5M asking $2.5M sale lower crescent park 4. $5.5M new construction on lincoln x martin 3400 sq. ft on 10K ft. lot upper crescent park - (crescent park is right near university and 101 freeway.) 5. $4.4M remodel project on old victorian in crescent park. Several other properties in Old PA with $1M overbids. These are sales occuring from Dec. to April. With overbids these high and not much inventory, it is unlikely that PA will see anything less than houses selling for their asking price even with a nasdaq downturn.

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