Menlo Park, CA Real Estate News

By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
What was the Menlo Park Market like from June through August, 2013?  We often see a slower market during the summer months than what we see during the spring months.   The question is how did the summer real estate market compare to the spring real estate market this year?  From the first of June through the end of August the days on the market increased from 19 days to 50 days and the sale price to list price ratio decreased from just over 108% to just below 102%.   The caveat here is that we had just 92 listings during that period according to the MLS.  It may be too few listings for good data analysis. Let's look at the spring market.  From the first of March through the end of May, 2013 the days on the market were from 16 to 21 days.  The sale price to list price ratio went from jus...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
There is another book sale at the Menlo Park Library on Saturday and Sunday.   The sale is sponsored by the Friends of the Menlo Park Library. The sale will be located in two areas at the library, the downstairs meeting room and the patio in the front.  As in past sales the books will be used books that have been donated to the Friends of the Library by other readers.  I have a trunk full of books that I will be donating after this particular sale.  We have been decluttering our home and relocating books are part of that process.   Part of the process of writing a blog is doing research.  Sometimes that research leads me down some unexpected paths.  One of those paths today was Zinio.  I found this link on the Menlo Park Library site.  Imagine being able to access magazines through the ...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
There were 13 Menlo Park homes for sale added to the MLS within the past week.  These homes reflect the middle of the Menlo Park market, priced from $465,000 to $3,595,000.  Almost all have an Open House scheduled for this coming weekend. Click on a property’s address to view detailed information, map location and more.  To view all Menlo Park homes currently for sale in the MLS, click here: Menlo Park homes for sale.   Menlo Park Homes For Sale Added To The MLS In The Past Week   253 UNIVERSITY DR, MENLO PARK, CA 94025   $3,595,000 Bedrooms: 4Bathrooms: 4 full | 1 partialSq. Ft.: 3,754 Open House on Tuesday, Sep 17, 2013 9:30 AM - 1:00 PM     1141 WOODLAND AV, MENLO PARK, CA 94025   $2,195,000 Bedrooms: 4Bathrooms: 2 full | 1 partialSq. Ft.: 3,020 Open House on Tuesday, Sep 17, 2013 9:...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Menlo Park home sales report for August 2013 reflects the improving market throughout Silicon Valley and strong demand for luxury and mid-market homes in Menlo Park, CA.  Inventory has been greatly reduced, from 57 units on August 1st to 25 on September 1st (homes for sale not yet in escrow). Of the 35 homes that closed escrow in August (down from 57 in July), 24 were sold in 30 days or sooner and only 7 sold in more than 60 days. September 1st Menlo Park Market Snapshot: Homes active on the market: 25 (click to view > Menlo Park homes for sale) Short sale/REO homes for sale:  0/0 Price range of active listings: $795,000 - $5,495,000 Homes now in escrow: 21 (down from 27 on August 1st) Contact Us for more information regarding this Menlo Park home sales report for August 2013 or for...
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By Menlo Park Real Estate and Homes for Sale, WendeByTheBay.com - 650.504.0219 - SF Peninsula
(Wende Schoof)
As with most cities along the San Francisco Peninsula, Menlo Park's shortage of homes available to buy continues.  With a total of only 25 properties (22 detached, single residences and 3 condominium/townhouses) for sale on the MLS, prices range from $5,495,000 to $499,950.  Here are my top picks for the week:       627 16th Avenue is a new construction 2518 square foot, 2-story traditional style home, set on a 5,350 square foot lot in the Menlo Park neighborhood of Fair Oaks. With 4 bedrooms and 3.5 bathrooms including a master suite and downstairs bedroom along with an open kitchen and family room, this home is priced at $1,499,000. (listed by Derek Deaton at Alain Pinel Realtors)             189 Buckthorn Way borders the civic center area of Atherton and offers the charm of yesteryea...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 23 single family Menlo Park homes for sale down from 31 last week.. There are currently 7 Menlo Park town homes/condos for sale down from 9 last week. There are currently 28 pending sales of Menlo Park single family homes up from 23 last week. There are currently 6 pending sales of Menlo Park homes/Condos up from 5 last week. In July of 2013 there were 46 single family Menlo Park homes sold, a nice jump from June.  The prices ranged from $475,000 to $3,950,000. The lowest priced home in Belle Haven is down $100,000 from June and in central Menlo the price is down 1.5 for the highest price sold. I think the prices m...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 31 single family Menlo Park homes for sale down from 34 last week.. There are currently 9 Menlo Park town homes/condos for sale the same as last week. There are currently 23 pending sales of Menlo Park single family homes down from 26 last week. There are currently 5 pending sales of Menlo Park homes/Condos down from 6 last week. In July of 2013 there were 46 single family Menlo Park homes sold, a nice jump from June.  The prices ranged from $475,000 to $3,950,000. The lowest priced home in Belle Haven is down $100,000 from June and in central Menlo the price is down 1.5 for the highest price sold. I think the pric...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Menlo Park home sales report for July 2013 reflects the improving market throughout Silicon Valley and strong demand for luxury and mid-market homes in Menlo Park.  Of the 57 homes that closed escrow in July (up from 43 in June), 46 were sold in 30 days or sooner and only four sold in over 60 days. August 1st Menlo Park Market Snapshot: Homes active on the market: 44 (click to view > Menlo Park homes for sale) Short sale/REO homes for sale:  0/0 Price range of active listings: $499,000 - $5,495,000 Homes now in escrow: 27 Contact Us for more information regarding this Menlo Park home sales report for July 2013 or for help buying or selling Silicon Valley real estate.  To receive a free valuation of your home in today’s market, click >Silicon Valley home valuation. To search for prop...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
When is the first day of school?  Really?  Less than three weeks from today?   It's hard to believe but the first day of school at Menlo-Atherton High School is on August 20, 2013 this year.  Menlo-Atherton High School is part of the larger Sequoia Union High School District that serves San Mateo County from Menlo Park north through Redwood City, San Carlos and Belmont.   The elementary districts in Menlo Park are pretty much following suit by arranging their calendars to coordinate with the high school district.  The Menlo Park City School District will start school this year on August 22.   The Las Lomitas Elementary School District starts on August 22 as does the Ravenswood City School District.     All of the districts have web sites that provide necessary information for the famili...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 34 single family Menlo Park homes for sale down from 39 last week.. There are currently 9 Menlo Park town homes/condos for sale the up from 7 last week. There are currently 26 pending sales of Menlo Park single family homes down from 29 last week. There are currently 6 pending sales of Menlo Park homes/Condos down from 7 last week. In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look at ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 39 single family Menlo Park homes for sale down from 42 last week.. There are currently 7 Menlo Park town homes/condos for sale the down from 8 last week. There are currently 29 pending sales of Menlo Park single family homes down from 30 last week. There are currently 7 pending sales of Menlo Park homes/Condos down from 10 last week. In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may have been leveling off but this number does not prove it. If you look ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 42 single family Menlo Park homes for sale down from 43 before the July 4th Holiday. There are currently 8 Menlo Park town homes/condos for sale the down from 9 before the July 4th Holiday. There are currently 30 pending sales of Menlo Park single family homes down from 35 before the July 4th Holiday There are currently 10 pending sales of Menlo Park homes/Condos down from 11 before the July 4th Holiday. In June of 2013 there were 33 single family Menlo Park homes sold down from 47 in May.  The prices ranged from $540,000 to $4,375,000. The lowest priced home in Belle Haven is up $100,000 from May. I thought we may...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
The Menlo Park home sales report for June 2013 reflects the improving market throughout Silicon Valley and consistently strong demand for luxury homes in Menlo Park.  Of the 43 homes that closed escrow in June, 33 were sold in 30 days or sooner and only two took more than 60 days to sell. July 1st Menlo Park Market Snapshot: Homes active on the market: 44 (click to view > Menlo Park homes for sale) Short sale/REO homes for sale:  1/0 Price range of active listings: $589,999 - $5,495,000 Homes now in escrow: 47 Contact Us for more information regarding this Menlo Park home sales report or for help buying or selling Silicon Valley real estate. To receive a free valuation of your home in today’s market, click >Silicon Valley home valuation. To search for property listings of all types in M...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
The Menlo Park real estate market has been strong from July, 2012 through June, 2013.  What started last year has continued.   Property sale prices have continued to exceed the listing prices.   What began in January of 2012 has continued since then.  The question that has been asked in the media and increasingly by buyers is 'Are we in another bubble?'  There is no crystal ball on my desk. What I can point out is that the sale price has exceeded the list price has since January, 2012 except for February and November 2012.  The days on the market have decreased.  The average days on the market have hit a new low starting in March of this year.   What this means (to me) is that buyers who are ready to buy need to be able to act quickly.  Those paying cash need to have the cash seasoned i...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
What's happenin' in Menlo Park on this 4th of July 2013?  Of course, there is the annual parade that starts at 11:45 am in the Wells Fargo Bank parking lot at the corner of Santa Cruz Ave and Chestnut Street.  This is an informal parade of adults, kids and pets all decked out in Red, White and Blue. Later the big festivities are at Burgess Park with food, fun and music.  If your taste runs to jumpy houses, carnival rides, tug-of-war and potato sack races, the festival at Burgess Park is the place to go.   We're in the midst of a heat wave!  Welcomed by some (me), but if the heat and crowds are not your cup of tea, go on down to Burgess Pool. We started our 4th with Aqua Fit at Burgess Pool at 7:50 this morning.  An invigorating hour set to 4th of July music with Amy leading the exercise...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Menlo Park homes for sale a week or less will soon be gone!  Typically, open houses for this coming weekend are published no later than Thursday, buyers scramble to see them on Thursday or Friday, and by Saturday sellers with prime properties have offers on the table before the first person arrives at the open house.  Several open houses are already announced for the listings shown below.  If you’re looking at Menlo Park homes for sale, don’t miss out! Below are the 16 listings of Menlo Park homes for sale a week or less as of this morning.  Click on a property’s Address to view photos and detailed information.   Menlo Park Homes For Sale A Week Or Less   440 SANTA RITA AV, MENLO PARK, CA 94025 $3,195,000 Bedrooms: 4Bathrooms: 3 full | 1 partialSq. Ft.: 3,040 Open House on Saturday, Jun...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 43 single family Menlo Park homes for sale up from 41 last week. There are currently 9 Menlo Park town homes/condos for sale the down from 11 last week. There are currently 35 pending sales of Menlo Park single family homes the same as last week. There are currently 11 pending sales of Menlo Park homes/Condos the same as last week. In May of 2013 there were 47 single family Menlo Park homes sold.  The prices ranged from $450,000 to $4,395,000. The lowest priced home in Belle Haven is down $45,000 from April is significant and may show that the market is starting to level off. If you look at just the Menlo Park home...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
I stopped at the Book Sale at the Menlo Park Library this afternoon. I have a Kindle and I imagine a lot of people do these days at least in Menlo Park, California.  We are in Silicon Valley after all!  I have seen people reading their Kindles (I don't really see too many other reading devices) in doctors' offices and at the hair salon.  I actually downloaded a book to my Android DNA this afternoon, too.  The library has tutors who will help you learn to down(up)load books to your device.   Books and reading have always been a part of my life for as long as I can remember.  I can picture my mom and me cozy on her chenille bedspread reading a comic book.  Don't look down you nose at the value of starting a young reader off with a comic book.  I avidly followed Donald and his nephews Heuy...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 41 single family Menlo Park homes for sale down from 43 last week. There are currently 11 Menlo Park town homes/condos for sale the down from 13 last week. There are currently 35 pending sales of Menlo Park single family homes down from 40 last week. There are currently 11 pending sales of Menlo Park homes/Condos up from 9 last week. In May of 2013 there were 47 single family Menlo Park homes sold.  The prices ranged from $450,000 to $4,395,000. The lowest priced home in Belle Haven is down $45,000 from April is significant and may show that the market is starting to level off. If you look at just the Menlo Park ho...
Comments 0
By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
As a Menlo Park Real Estate Agent I am always being asked, "How's the market in Menlo Park?" The answer is simple: Not enough inventory, plenty of buyers. There are currently 43 single family Menlo Park homes for sale up from 41 last week. There are currently 14 Menlo Park town homes/condos for sale the same up from 10 last week. There are currently 40 pending sales of Menlo Park single family homes down from 41 last week. There are currently 9 pending sales of Menlo Park homes/Condos the same as last week. In May of 2013 there were 47 single family Menlo Park homes sold.  The prices ranged from $450,000 to $4,395,000. The lowest priced home in Belle Haven is down $45,000 from April is significant and may show that the market is starting to level off. If you look at just the Menlo Park ...
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