Real Estate Market Update
Prices continue to rise all around the Peninsula. The numbers insome cities (and individual neighborhoods) are showing staggering increases year over year. The median price in San Mateo County has exceeded $1 million this year, currently at $1,050,000. This means that half of all homes sold in San Mateo County are selling for more than $1,050,000. To put this in perspective, just 2 years ago, the median price in San Mateo County was $735,000; last year, it was $910,000. Sales in parts of Santa Clara County are also tremendous. Read down on specifics for each of the areas of Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.
Portola Valley Home Sales
Sales in Portola Valley are strong. In May, 8 homes closed escrow (see below), and all but 2 of them sold for more than list price.There are an additional 14 homes that are pending sale, half of which sold in 19 days or less of being on the market. Also, 4 of these pending sales were listed for sale in excess of $4 million.The number of homes currently for sale is very low. There are just 14, and no new listings have come on the market for almost 3 weeks.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Georgia Ln, Portola Valley |
5/6.5 |
$7,250,000 |
$6,750,000 |
51 |
Mapache, Portola Valley |
3/2.5 |
$3,275,000 |
$3,420,000 |
3 |
Hawkview, Portola Valley |
3/3 |
$2,495,000 |
$2,795,000 |
9 |
Durazno Wy, Portola Valley |
3/4 |
$1,795,000 |
$2,165,000 |
12 |
Carmel Wy, Portola Valley |
3/3.5 |
$1,695,000 |
$1,890,000 |
6 |
S Balsamina, Portola Valley |
3/2 |
$1,625,000 |
$2,010,000 |
11 |
La Cuesta, Portola Valley |
2/3 |
$1,445,500 |
$1,425,000 |
40 |
Ramona Rd, Portola Valley |
1/1 |
$999,000 |
$1,070,000 |
12 |
Woodside Home Sales
In Woodside, sales are strong. In May, 9 homes closed escrow(see below), 4 sold for more than list price, and 2 sold for more than $6 million. There are an additional 15 homes that are pending sale. Inventory has increased quite a bit; currently, there are 53 homes for sale in Woodside, 9 listed for more than $10 million.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Blue Ridge Ln, Woodside |
3/3.5 |
$7,375,000 |
$7,375,000 |
13 |
Woodside Rd, Woodside |
4/4+ |
$6,795,000 |
$6,600,000 |
17 |
Woodview Ln, Woodside |
4/3.5 |
$4,998,000 |
$4,600,000 |
72 |
Bridle Ln, Woodside |
4/3+ |
$4,450,000 |
$4,630,000 |
379 |
Brookwood Rd, Woodside |
5/4 |
$2,498,000 |
$2,710,000 |
16 |
Grandview Dr, Woodside |
5/5 |
$1,898,000 |
$1,912,500 |
6 |
Hobart Heights Rd, Woodside |
3/2 |
$1,695,000 |
$1,695,000 |
17 |
Espinosa Rd, Woodside |
3/2 |
$1,549,000 |
$1,575,000 |
29 |
La Honda Rd, Woodside |
4/2 |
$1,098,000 |
$1,098,000 |
13 |
Atherton Home Sales
Atherton sales are strong. In May, 14 homes closed escrow (see below), 5 sold for more than list price, and 2 sold for more than $15 million. There are an additional 7 homes that are pending sale, half of which sold in 10 days or less of being on the market. Currently, there are 25 homes for sale in Atherton.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Polhemus Av, Atherton |
7/8+ |
$18,900,000 |
$18,900,000 |
12 |
Park Ln, Atherton |
5/7+ |
$16,500,000 |
$15,300,000 |
41 |
Stockbridge Av, Atherton |
5/6+ |
$7,925,000 |
$7,350,000 |
360 |
Lowery Dr, Atherton |
5/3+ |
$7,495,000 |
$7,295,000 |
25 |
Stockbridge Av, Atherton |
4/3.5 |
$5,298,000 |
$5,150,000 |
10 |
Mulberry Ln, Atherton |
5/3 |
$4,995,000 |
$4,900,000 |
39 |
Flood Ci, Atherton |
4/3.5 |
$3,895,000 |
$4,250,000 |
9 |
Atherton Av, Atherton |
4/4.5 |
$3,999,888 |
$4,100,003 |
15 |
Heather Dr, Atherton |
4/4 |
$3,795,000 |
$3,807,000 |
8 |
Almendral Av, Atherton |
3/3.5 |
$3,495,000 |
$3,495,000 |
8 |
Jennings Ln, Atherton |
4/3 |
$2,825,000 |
$3,100,000 |
14 |
Maple Av, Atherton |
4/3 |
$2,158,000 |
$2,158,000 |
49 |
Valparaiso Av, Atherton |
3/2 |
$1,398,000 |
$1,940,000 |
9 |
Southgate St, Atherton |
3/2 |
$1,795,000 |
$1,795,000 |
8 |
Menlo Park May 2014 Home Sales
Menlo Park sales are also strong. In May, 29 homes closed escrow (see below), and all but 7 of them sold for more than list price. There are an additional 37 homes that are pending sale, half of which sold in 13 days or less of being on the market. Currently, there are 40 homes for sale with several new listingsthis past week.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Santa Cruz Av, Menlo Park |
5/4+ |
$5,895,000 |
$5,750,000 |
23 |
White Oak Dr, Menlo Park |
7/5.5 |
$5,400,000 |
$5,480,000 |
0 |
Berkeley Av, Menlo Park |
4/3.5 |
$3,798,000 |
$4,373,000 |
11 |
Loma Prieta Ln, Menlo Park |
6/5+ |
$4,349,000 |
$4,120,000 |
87 |
Klamath Dr, Menlo Park |
4/4.5 |
$3,950,000 |
$3,900,000 |
54 |
Camino A Los Cerros, Menlo Park |
4/3.5 |
$3,650,000 |
$3,855,000 |
9 |
College Av, Menlo Park |
4/3.5 |
$3,650,000 |
$3,650,000 |
15 |
Royal Oaks Ct, Menlo Park |
5/4.5 |
$3,888,000 |
$3,600,000 |
66 |
Oakdell Dr, Menlo Park |
3/2.5 |
$2,499,000 |
$2,655,000 |
10 |
Clayton Dr, Menlo Park |
3/4 |
$2,295,000 |
$2,610,000 |
13 |
Hillview Dr, Menlo Park |
3/2 |
$2,388,000 |
$2,400,000 |
16 |
Encina Av, Menlo Park |
5/3 |
$1,995,000 |
$2,300,000 |
7 |
Laurel St, Menlo Park |
3/2 |
$1,799,000 |
$1,950,000 |
8 |
Timothy Ln, Menlo Park |
3/2 |
$1,595,000 |
$1,925,000 |
2 |
Monterey Av, Menlo Park |
4/2 |
$1,650,000 |
$1,875,000 |
7 |
Marmona Dr, Menlo Park |
4/2 |
$1,649,000 |
$1,810,000 |
9 |
Blackburn Av, Menlo Park |
3/2 |
$1,398,000 |
$1,750,100 |
9 |
University Dr, Menlo Park |
2/1 |
$1,499,000 |
$1,638,000 |
8 |
Valparaiso Av, Menlo Park |
3/2.5 |
$1,600,000 |
$1,625,000 |
10 |
Santa Cruz Av, Menlo Park |
3/2.5 |
$1,595,000 |
$1,600,000 |
16 |
Bay Rd, Menlo Park |
3/3 |
$1,295,000 |
$1,545,000 |
4 |
Nash Av, Menlo Park |
2/1 |
$1,147,000 |
$1,480,000 |
9 |
Peggy Ln, Menlo Park |
2/1 |
$1,029,000 |
$1,310,000 |
10 |
Sevier Av, Menlo Park |
4/3 |
$978,000 |
$950,000 |
252 |
Hollyburne Av, Menlo Park |
3/2 |
$639,950 |
$675,000 |
11 |
Hamilton Av, Menlo Park |
3/2.5 |
$670,000 |
$670,000 |
180 |
Carlton Av, Menlo Park |
3/1 |
$559,990 |
$594,888 |
15 |
Hill Av, Menlo Park |
3/1 |
$560,000 |
$565,000 |
7 |
Hollyburne Av, Menlo Park |
2/1 |
$509,000 |
$510,000 |
10 |
Palo Alto Home Sales
The Palo Alto market is on fire! In May, 45 homes closed escrow, and all but 5 of them sold for more than list price. There are an additional 15 homes that are pending sale, half of which sold in11 days or less of being on the market. Currently, there are 30 homes for sale in Palo Alto.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Coleridge Av |
5/5.5 |
$14,750,000 |
$15,000,000 |
29 |
Pitman Av |
5/4.5 |
$4,998,000 |
$5,800,000 |
8 |
Bryant St |
4/2.5 |
$5,684,000 |
$5,567,000 |
15 |
Waverley St |
4/4.5 |
$3,798,000 |
$4,280,000 |
10 |
South Ct |
4/4.5 |
$2,988,000 |
$3,650,000 |
14 |
Hamilton Av |
4/3.5 |
$3,299,000 |
$3,600,000 |
4 |
Channing Av |
5/3 |
$2,698,000 |
$3,400,000 |
8 |
Portola Av |
4/3 |
$2,998,000 |
$3,300,000 |
8 |
Ashton Ct |
4/3.5 |
$2,888,000 |
$3,280,000 |
9 |
Seale Av |
4/3 |
$2,758,000 |
$3,100,000 |
14 |
Emerson St |
3/3 |
$2,880,000 |
$3,057,000 |
13 |
Kingsley Av |
3/2 |
$2,199,000 |
$2,950,000 |
14 |
Byron St |
2/3 |
$2,188,000 |
$2,836,000 |
8 |
Guinda St |
3/2 |
$2,595,000 |
$2,828,000 |
10 |
Crosby Ct |
6/2+ |
$2,599,000 |
$2,800,000 |
14 |
Bryant St |
3/2.5 |
$2,195,000 |
$2,710,000 |
7 |
Miranda Av |
5/4 |
$2,698,000 |
$2,650,000 |
51 |
Arroyo Ct |
5/3.5 |
$2,688,000 |
$2,502,000 |
36 |
Ferne Av |
4/3 |
$1,998,000 |
$2,420,000 |
9 |
Loma Verde Av |
4/2.5 |
$1,988,000 |
$2,420,000 |
8 |
Embarcadero Rd |
3/2.5 |
$1,898,000 |
$2,275,000 |
6 |
Address not disclosed |
4/2 |
$1,898,000 |
$2,225,000 |
6 |
Gailen Av |
4/2.5 |
$2,078,000 |
$2,218,000 |
9 |
Bibbits Dr |
4/3 |
$1,898,000 |
$2,202,000 |
9 |
Greenmeadow Wy |
4/2 |
$1,988,000 |
$2,200,000 |
10 |
Ross Rd |
3/2 |
$1,798,000 |
$2,200,000 |
7 |
Colorado Av |
3/2 |
$1,679,000 |
$2,200,000 |
8 |
Kendall Av |
4/3.5 |
$2,199,000 |
$2,199,000 |
7 |
Moreno Av |
3/2 |
$1,695,000 |
$2,180,000 |
7 |
Fallen Leaf St |
4/2.5 |
$1,595,000 |
$2,157,000 |
7 |
San Jude Av |
2/2 |
$1,698,000 |
$2,125,500 |
11 |
Ensign Wy |
3/2 |
$2,295,000 |
$2,092,700 |
24 |
Nathan Wy |
4/3 |
$1,988,000 |
$2,073,000 |
8 |
Roosevelt Ci |
3/2 |
$1,588,000 |
$2,001,000 |
8 |
Birch St |
2/2 |
$1,395,000 |
$1,958,000 |
14 |
Kenneth Dr |
3/2 |
$1,399,000 |
$1,902,211 |
0 |
Mears Ct |
4/2.5 |
$1,859,000 |
$1,900,000 |
14 |
Seminole Wy |
3/2 |
$1,495,000 |
$1,851,000 |
7 |
E Charleston Rd |
4/2 |
$1,695,000 |
$1,840,000 |
12 |
Tennessee Ln |
4/2 |
$1,650,000 |
$1,800,000 |
7 |
Channing Av |
1/1 |
$1,093,000 |
$1,658,000 |
7 |
Wisteria Ln |
3/2.5 |
$1,199,000 |
$1,640,000 |
8 |
Van Auken Ci |
3/1 |
$1,599,000 |
$1,630,000 |
8 |
Washington Av |
5/4 |
$1,595,000 |
$1,568,000 |
21 |
Park Bl |
3/2 |
$1,100,000 |
$1,200,000 |
76 |
Los Altos and Los Altos Hills May 2014 Home Sales
The Los Altos and Los Altos Hills real estate market is also fire! In May, 44 homes closed escrow (see below), and all but 11 of them sold for more than list price. There are an additional 38 homes that are pending sale, half of which sold in 16 days or less of being on the market. Currently, there are just 15 homes for sale in Los Altos and 21 homes in Los Altos Hills.
Address |
Bed/Bath |
List Price |
Sale Price |
DOM |
Kate Dr |
6/6.5 |
$8,000,000 |
$7,800,000 |
3 |
Bridgton Ct |
5/5+ |
$5,488,000 |
$5,750,000 |
7 |
Stonebrook Dr |
4/3.5 |
$4,500,000 |
$5,200,000 |
10 |
University Av |
5/3 |
$3,995,000 |
$4,400,000 |
37 |
Santa Rita Av |
5/4.5 |
$3,988,000 |
$4,288,000 |
8 |
Arboleda Dr |
5/4.5 |
$3,798,888 |
$4,000,000 |
1 |
Summerhill Av |
6/4.5 |
$3,798,000 |
$3,798,000 |
10 |
Atherton Ct |
5/3.5 |
$3,888,000 |
$3,740,000 |
27 |
Parma Wy |
5/4+ |
$4,000,000 |
$3,650,000 |
11 |
Dawson Dr |
4/3.5 |
$3,499,000 |
$3,300,000 |
104 |
Panchita Wy |
5/3.5 |
$2,998,000 |
$3,050,000 |
11 |
Alvarado Av |
5/3 |
$2,298,000 |
$3,001,000 |
6 |
Montclaire Wy |
4/2.5 |
$2,195,000 |
$2,850,000 |
7 |
Stratford Pl |
5/3 |
$2,498,000 |
$2,750,000 |
9 |
Olive Tree Ln |
5/3 |
$2,999,000 |
$2,710,000 |
23 |
Deodara Dr |
5/3.5 |
$2,398,000 |
$2,615,000 |
7 |
Black Mountain Rd |
3/2 |
$2,688,000 |
$2,600,000 |
36 |
Topar Av |
4/3.5 |
$2,448,000 |
$2,586,000 |
11 |
Russell Av |
4/3 |
$2,595,000 |
$2,550,000 |
21 |
Valencia Dr |
5/3 |
$2,299,999 |
$2,500,000 |
10 |
Raymundo Av |
3/2 |
$1,998,000 |
$2,500,000 |
10 |
Heritage Ct |
4/2 |
$1,998,000 |
$2,450,000 |
11 |
Alicia Wy |
3/2 |
$1,998,000 |
$2,450,000 |
7 |
Crooked Creek Dr |
5/2.5 |
$1,990,000 |
$2,430,000 |
8 |
Guadalupe Dr |
4/2.5 |
$2,200,000 |
$2,410,000 |
9 |
Topar Av |
4/3 |
$2,198,000 |
$2,350,000 |
9 |
Frontero Av |
4/2.5 |
$1,898,000 |
$2,350,000 |
6 |
Duval Wy |
4/2.5 |
$1,988,000 |
$2,325,000 |
7 |
Country Club Dr |
4/3 |
$1,999,000 |
$2,320,000 |
7 |
Runnymead Dr |
4/2.5 |
$1,898,000 |
$2,305,000 |
7 |
Olive Tree Ln |
4/2.5 |
$2,395,000 |
$2,300,000 |
21 |
Clay Dr |
4/2 |
$1,925,000 |
$2,300,000 |
6 |
Kent Dr |
4/2.5 |
$1,995,000 |
$2,200,000 |
8 |
Julie Ln |
3/2 |
$1,599,000 |
$2,200,000 |
6 |
Altamead Dr |
3/2 |
$1,698,000 |
$2,150,000 |
9 |
Old Oak Ct |
3/3.5 |
$1,995,000 |
$2,050,000 |
8 |
Clay Dr |
5/2.5 |
$1,750,000 |
$2,030,000 |
8 |
Eva Av |
3/2 |
$1,650,000 |
$1,980,000 |
8 |
Kent Dr |
4/2.5 |
$1,888,000 |
$1,900,000 |
11 |
Scott Ln |
4/2.5 |
$1,798,000 |
$1,900,000 |
6 |
Cloverly Ct |
4/3 |
$1,890,000 |
$1,890,000 |
0 |
Carmel Te |
4/2 |
$1,550,000 |
$1,865,000 |
9 |
Hierra Ct |
3/2 |
$1,698,000 |
$1,851,000 |
10 |
Brookmill Rd |
4/2.5 |
$1,695,000 |
$1,650,000 |
23 |