Menlo Park, CA Real Estate News

By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Menlo Park homes for sale under $2M make up just a small part of all properties for sale in town on any given day under present market conditions.  Currently they are less than a quarter of all homes for sale. The supply of Menlo Park homes for sale in the mid to lower price ranges is not keeping up with demand.  This is generating a leap in home prices and significant competition among buyers.  Sellers of homes in good locations are receiving multiple offers within hours of placing their homes on the market.  Buyers are finding that they need to submit creative offers to compete with cash buyers and others who can close escrow quickly or offer other types of incentives to make their offer more competitive. Click on >>> Menlo Park homes for sale under $2M <<< to view current listings.  ...
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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 up from 39 2 weeks ago. There are currently 10 Menlo Park town homes/condos for sale the same as 2 weeks ago. There are currently 41 pending sales of Menlo Park single family homes down from 47 2 weeks ago. There are currently 9 pending sales of Menlo Park homes/Condos up from 6 2 weeks ago. 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 strating to level off. If you look at just the Menlo Park ho...
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By MichelleCherie Carr Crowe Just Call...408-252-8900, Family Helping Families Buy & Sell Homes 40+ Years
(Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty)
Sunset Magazine’s Celebration Weekend 2013 - June 1 & 2, 10am-5pm   By Michelle Carr Crowe, Cupertino real estate agent selling homes in San Jose     For millions of Sunset Magazine readers, the annual Sunset Magazine Celebration Weekend is an event looked forward to with anticipation all year long.   Held at the Sunset Magazine Headquarters and Gardens at 80 Willow Road in lovely Menlo Park, Calif., the event features seminars on gardening, travel, cooking, creation, home décor and even do-it-yourself home improvement projects.   In addition to hands-on classes, such as the Weber barbeque grillmaster class by with chef Kevin Kolman, (for an additional fee that also includes a signed copy  of  Kolman’s latest cookbook), everything new and exciting in Western Living is featured in some w...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Menlo Park residential land listings remain scarce, but if you’re looking for a home site to build on, we can help.  Menlo Park remains one of the hottest real estate markets in Silicon Valley.  The shortage of land for sale is driving many home buyers to purchase older homes and replace the structure, so it’s advisable to move quickly when a quality parcel comes available. Click here >>> Menlo Park residential land listings <<< to see the list of properties now available.  Click on a property’s Address for photos and detailed information.  You can also sign up to receive email alerts automatically when new properties come on the market, just click >>> Silicon Valley real estate listing updates <<<. Contact Us for help with Menlo Park residential land listings and buying or selling othe...
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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 often asked, "How much does it cost to buy a home in Menlo Park? This chart tells the story of single family home sales in 2013 in Menlo Park. Lots of interesting information here. First of all, nothing in Belle Haven sold under $300,000. That is a milestone. There was a City of Menlo Park sale below market rate house that sold for $295,000 but the lowest price fair market price home was $324,000. The next lowest price was $355,000. The days of buying a home in Menlo Park under $300,000 are long gone. The next interesting fact is that most of the homes sold in Menlo Park in 2013 were sold between $400,000 and $2,000,000. 72 of the 110 single family Menlo Park homes sold in 2013 were purchased between $400,000 and $2,000,000.  There were 24 homes s...
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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  There are currently 10 Menlo Park town homes/condos for sale. There are currently 47 pending sales of Palo Alto single family homes. There are currently 6 pending sales of Palo Alto Town homes/Condos. In April of 2013 there were 30 single family Menlo Park homes sold.  The prices ranged from $495,000 to $4,275,000. The lowest priced home in Belle Haven being almost $500,0000 is significant and shows that the market is up. If you look at just the Menlo Park homes with Menlo Park schools the lowest price in April was $1,075,000. No homes under a million in this category is ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
Anyone trying to buy a home in Menlo Park right now knows that it is tough out there. There are many more buyers than sellers and many Menlo Park homes sell with multiple offers way over list price. Some homes go as much as 30% over asking, but some do not. How does a buyer make the decision about how much to offer to have the winning bid in a Menlo Park multiple offer situation and not overpay? The answer is not simple, and sometimes it is  not a question of price, but terms, like contingencies, length of escrow, length of rent back, etc. But for right now, let's just discuss price. Here are some things to keep in mind when you make an offer on a Menlo Park home in a multiple offer situation, 1. In my opinion the most important thing is, how much is this home worth to you? In other wo...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Menlo Park residential land remains scarce, but if you’re looking for a home site to build on, we can help.  Menlo Park remains one of the hottest real estate markets in Silicon Valley.  The shortage of land for sale is driving many home buyers to purchase older homes and replace the structure, so it’s advisable to move quickly when a quality parcel becomes available. Here are this week’s Menlo Park residential land for sale as of May 6, 2013 – including photos and detailed information for each property. Contact Us for help buying and selling Menlo Park residential land and other Silicon Valley real estate. The list - 1745 CRONER AV, MENLO PARK, CA 94025     $1,945,000               - - - Only 1 property this week - - -
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
Menlo Park residential land remains scarce, but if you’re looking for a home site to build on, we can help. Here is this week’s Menlo Park residential land for sale as of April 24, 2013 – click on the property address to view photos and detailed information.   1745 CRONER AV, MENLO PARK, CA 94025   $1,945,000 - approx. 9,605 sq. feet       Contact Us for help buying and selling Menlo Park residential land and other Silicon Valley real estate. ------------------------------------------------------------------------------------------------------- John A. Souerbry & Associates       Call: (650) 815-6182       (DRE 01370983)
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
There are currently two Northern Silicon Valley REO foreclosed homes for sale.  The northern Silicon Valley area includes the communities of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos/Los Altos Hills, Mountain View and Sunnyvale. There have been only one or two Silicon Valley foreclosed homes for sale on the market at any one time so far in 2013, which indicates three important things.  First, there are more jobs available today than in the past few years and homeowners are able to make their payments.  Second, banks are working with homeowners to avoid foreclosure.  Finally, properties that are being foreclosed are being held off the market until later in the spring. Click to see the list >>> Northern Silicon Valley foreclosed homes for sale <<< as of April 23...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
If you are a Personal Representative for a Menlo Park Probate Sale I am sure you are overwhelmed with all of your responsibilities. It is not an easy job! You may be charged with selling a home or condo in Menlo Park in Probate. If so, this a a great time to be doing that. However, even in a strong seller's market, you have to do whatever you can to get the best offer for the Menlo Park Ca Probate estate. One of the most important things you can do right now is to get the Menlo Park probate home fully inspected before you put it on the market. It may seem as if you are spending money on inspections that could be spent by the potential buyer. After all, the buyer of the Menlo Park Probate home you are selling has to buy it "As -Is" so the estate will not be making any repairs anyway. Th...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
You need your own bag because plastic bags are banned in San Mateo County!  You may be hearing that at the grocery store soon.  The San Mateo County Board of Supervisors adopted a Reuseable Bag Ordinace in December, 2012 to take effect on April 22, 2013.  Appropriately, April 22 is Earth Day!  Menlo Park will be joining many other cities in the area which will be banning the use of plastic bags.  I have been taking my own bag(s) to the grocery store for years already so for me that isn't a problem, The grocery store isn't the only place that will be affected.  I began to think about all of the places that provide the plastic bag for your purchase.  Actually Su Hong, which is a Chinese food take out in Menlo Park, is the first place that popped into my mind.   Su Hong, voted the best Chi...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
There are currently four Northern Silicon Valley REO foreclosure homes for sale.  The northern Silicon Valley area includes the communities of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos/Los Altos Hills, Mountain View and Sunnyvale. Click to see the list >>> Northern Silicon Valley foreclosed homes for sale as of April 13, 2013 – including photos and detailed information for each property.   Need help managing your rental units?  We provide complete property management services, plus we do on an as-needed basis – ·         annual/special property inspections ·         problem tenant investigations and resolutions ·         past-due rent collections ·         early stage eviction support   Click here >>> Property Management Services   Contact Us  for help buying ...
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By Marcy Moyer, Probate, Trust, and Investment Specialist
(eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales)
$650,000 , 3 bedrooms, 2 full baths, 0 half baths, 1,961 square feet     Marcy Moyer | Keller Williams Realty | (650) 619-9285 1119 Del Norte Ave, Menlo Park, CA Upgraded Belle Haven neighborhood Duplex near Facebook. Front init 1/1 plus both garages used at bedrooms. Back is 2/1 3BR/2BA Multi-Family, 2 units   offered at $650,000 Year Built 1951 Sq Footage 1,961 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking Unspecified Lot Size 5,600 sqft HOA/Maint $0 per month DESCRIPTION Nice Belle Haven duplex near Facebook. Features include newer roof, double pane windows, tiled floors, newer kitchen and baths, newer paint. Same tenants in place since 2009.   Menlo Park see additional photos below PROPERTY FEATURES - Dining room - Living room - Stove/Oven - Lawn - On-street parking   OTH...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
It's for the birds, not the squirrels!  Setting this bird feeder up several years ago started a running battle with the squirrels that inhabit the trees surrounding our property in the Menlo Oaks area of Menlo Park.  They hung from the tree branches, so I moved the post and trimmed the offending branches.  For a while that seemed to solve the problem.  Then the squirrels started shinnying up the metal pole.  I was amazed!  So off to Birders Garden in San Carlos for a solution.  I found the funnel-shaped thing for the pole. The squirrels were relentless!   Even the funnel-shaped thing didn't stop them.  One morning I looked out the window at the feeder hoping to watch some of the finches and other birds enjoying the seeds.  What I saw instead was a squirrel pushing the funnel thing up th...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
First-time buyers who are making decisions in the spring market often find it will take more than one offer to finally find their home.  It takes time for a buyer to understand all the requirements of an offer that will beat out the competition and be acceptable to a seller in this seller's market period.  As the chart shows, the average days on the market in March, 2013 was eleven.  That is eleven days to see a property, choose to make an offer, read all of the documentation relevant to the property, write an offer, and get the financing together.  The question is will the number of average days on the market get longer as happened in April, 2012 or not?  Will the properties getting multiple offers continue to dominate into April as the sale price to list price shows on this table? Buy...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
There are three Northern Silicon Valley REO foreclosure homes for sale.  The northern Silicon Valley area includes the communities of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos/Los Altos Hills, Mountain View and Sunnyvale. Here are Northern Silicon Valley foreclosed homes for sale as of March 21, 2013.  Click on a property’s Address to see photos and detailed information.   443 OCONNOR ST, MENLO PARK, CA 94025                 $1,147,125 Bedrooms: 5 Bathrooms: 3 Sq. Ft.: 2,225                   1480 LA HONDA RD, WOODSIDE, CA 94062                 $799,000 Bedrooms: 3 Bathrooms: 2 Sq. Ft.: 1,710                   2025 CALIFORNIA ST #47, MOUNTAIN VIEW, CA 94040                 $299,900 Bedrooms: 1 Bathrooms: 1 Sq. Ft.: 640                   Need help managing your...
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By John Souerbry, Homes, Land & Investments
(Cordon Real Estate)
This week, there are five Northern Silicon Valley REO foreclosure homes for sale.  The northern Silicon Valley area includes the communities of Atherton, Menlo Park, Portola Valley, Woodside, Palo Alto, Los Altos/Los Altos Hills, Mountain View and Sunnyvale. Here are Northern Silicon Valley REO foreclosure homes for sale as of March 11, 2013.  Click on a property’s Address to see photos and detailed information.   443 OCONNOR ST, MENLO PARK, CA 94025   $1,147,125 Bedrooms: 5 Bathrooms: 3 Sq. Ft.: 2,225       2259 WYANDOTTE ST, MOUNTAIN VIEW, CA 94043   $945,330 Bedrooms: 4 Bathrooms: 3 Sq. Ft.: 1,610       1480 LA HONDA RD, WOODSIDE, CA 94062   $799,000 Bedrooms: 3 Bathrooms: 2 Sq. Ft.: 1,710       415 8TH AV, MENLO PARK, CA 94025   $650,000 Bedrooms: 2 Bathrooms: 2 Sq. Ft.: 780       2...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
Hungry?  Here's what's happenin' in Menlo Park foodwise.  Today it's dine out for Packard.  That's Lucille Packard Children's Hospital at Stanford.   Restaurants in Palo Alto, Los Altos and Menlo Park are participating in this event today.  Some restaurants are donating 20% of their proceeds and others are donating 15% to the Lucille Packard Children's Hospital.  So go out, have some dinner and go home feeling you have done a good thing.  Restaurants from the Trellis Restaurant to Round Table Pizza are participating.  Some require that you bring the downloadable coupon that you can find on the Dine Out site.  Check it out.  You can make reservations on Open Table for this event, too. On Saturday, March 9, 2013 you can get a pancake breakfast for $5.00 from 8:00 am until 12:00 pm.  That'...
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By Marge Draper, REALTOR, Keller Williams Realty, Menlo Park CA
(Keller Williams Realty Palo Alto)
Time flys!  Time to Spring Forward on March 10, 2013!  Daylight Saving Time starts on March 10, 2013.   This past week in Menlo Park, CA has felt like spring so it doesn't necessarily seem odd that we need to set the clocks forward so soon.  Actually, I am not a fan of 'losing' an hour each spring!  I personally look forward each year of getting that hour back.  The only benefit I see for the longer day is that it does give me more time in the garden. It turns out that the idea of daylight saving time was orignated by Benjamin Franklin.  He thought that taking an hour from the morning and adding it to the evening would be benificial  to society.  He was in Paris at the time he came up with the idea of DST.  His contemporaries tended to sleep till noon and then get up and go about their ...
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