Forbes: Ken DeLeon, Top Silicon Valley Sales Agent: Why Chinese Buyers Love Palo Alto

More Chinese are interested in residential properties in the Bay Area, due to safer ground for investment and good schools. According to Ken DeLeon, in 2006, “the average home sales price in Palo Alto was only 3.34% higher than neighboring Menlo Park … Now it’s over 38.96% higher.” For example, the average prices for Menlo Park have risen from $1,468,006 to $1,701,218; and in Palo Alto, they’ve jumped from $1,517,155 to $2,363,936 this year. Mr. DeLeon, the top sales agent in the Silicon Valley, has taken two trips to China this year for research and recruiting buyers, hired a director of Asian Operations, and even bought a 14-seater Mercedes-Benz bus.