Real estate

Post image for Menlo Park home sale prices doubled from 2007 to 2017

Real estate data provider PropertyShark finalized an analysis of Silicon Valley’s housing market, looking at how median sale prices have changed compared to a decade ago, when most areas hit their pre-recession peak.

In 2007, the median sale price in Menlo Park was just a little above the $1 million mark. Compared to a decade ago, prices have almost doubled, amounting to a $1 million price difference – the median sale price in Menlo Park so far in 2017 being $2,050,000.

Here are some other highlights from the study:

  • Atherton is Silicon Valley’s most expensive town – the median sale price here hit $5.1 million so far this year
  • Los Altos Hills is the second most expensive town and recorded the highest increase, adding $1,725,000 since 2007
  • Median sale prices in Mountain View and Menlo Park have doubled since 2007

We asked Louise DeDera of Alain Pinel in Menlo Park if she knew what the highest price home ever sold in town was and she reported: “A property on Robert S Drive sold for $10,500,000. That is a very special street with larger lots. It sold off market.”

And don’t think it’s just recently-constructed mini-mansions that are driving up the prices, the recently remodeled rancher pictured on Santa Margarita Ave. just hit the market with an asking price of $4,998,000.

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94027 Atherton is America’s most expensive zip code, according to Forbes

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94027 Atherton is America’s most expensive zip code, according to Forbes Magazine. The research was conducted by Altos Research, which looked at median home price data for more than 29,500 zip codes, covering 95% of the U.S. population. The median price for a home in Atherton was $10,564,038, with an average days on market of […]

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When describing Kelsey Casavan, the current Chef de Cuisine at LB Steak in Menlo Park, the words “resolute” if not downright “plucky” come to mind. At age 30, she’s already tackled two career paths that find many people knocking on doors for years. A native of Vancouver, as a teenager she was intent on pursuing […]

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Atherton’s 94027 zip code now leads the nation in priciest real estate

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Looking for a “bargain” in Atherton, which is now the zip code with the priciest real estate in the U.S., you might want to snap up the home on Atherton Avenue pictured above, listed for a mere $5,650,000. That’s chump change compared to another property located just blocks away at 1 Faxon Road on the […]

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TechShop Menlo Park urgently searching for temporary and permanent home

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We received this email from Jim Newton (pictured below), founder and chairman of TechShop, where makers and DIYers gather in Menlo Park: “We are writing to you today with an urgent situation facing TechShop Menlo Park and to ask for your help in meeting this challenge head-on. “At the end of last week, we received […]

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The Jewel of Santa Cruz Avenue grows up — beautifully

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In the 1930s, the brothers Bert and John Bartolome, while engaged in construction work at Stanford University, began building what turned out to be a rather whimsical house — completed in the early 1940s — on Santa Cruz Avenue in Menlo Park. The Jewel of Santa Cruz Avenue was first described in a March 4, […]

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Local real estate market strong in 2012 – outlook optimistic for 2013

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All the numbers are in, and they show that 2012 was a year of gains both in the national economy and in our local housing market. Real estate values in 2012 recouped losses sustained in 2009 and 2010 and in most cases, surpassed the previous highs of 2007 and early 2008. As shown in the […]

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Barry Lane residence in Atherton is third highest price home sold in 2012

Thumbnail image for Barry Lane residence in Atherton is third highest price home sold in 2012

A home located at 70 Barry Lane in Atherton, which sold for $21,750,00, was the third priciest home in the Bay Area in 2012. First listed in Fall 2011, the home, which features six bedrooms and nine baths, sold almost a year later in August 2012. The two homes that sold for more were both […]

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Menlo Park’s passive home is first in San Mateo County

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Menlo Park’s first zero-energy passive home debuted a couple of weeks ago, and you can take a look for yourself this Saturday and Sunday (6/18 and 6/19) from 1:30 to 4:30 pm. The home is located at 1206 N. Lemon St. On a recent tour, John Suppes (pictured right), president of Clarum Homes, which built the house, […]

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Billy McNair talks about Facebook’s effect on the local real estate market

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Facebook may bring jobs – and traffic – to Menlo Park, as well as a revitalization of the adjacent Belle Haven neighborhood. It’s also likely to have an effect on the local real estate market, according to broker Billy McNair. “I think it will cause a significant peak in demand,” he told InMenlo yesterday, the […]

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