Again, we saw only 3 new listings on Realtor Tour in Menlo Park on Dec 7th. 675 Woodland Dr – a 3 bed/2 bath listed for $1,595,000 sold that day! Inventory is extremely low – sellers who are thinking of selling should begin to prepare their homes and put them on the market.
Monthly Archives: December 2011
Buildable lots in Atherton and Menlo Park sell quickly with multiple offers!
Within recent months, a number of properties (buildable lots) both in Atherton and Menlo Park have sold with multiple offers. Two recent West Atherton sales include properties on Atherton Ave and Elena, both with 3-5 offers. A significant number of homes have sold “off the MLS” in west Atherton this year. So if you’re checking all the on-line data, please make sure to talk with us as well because there are definitely “private market” opportunities. Another sign of the high demand and low supply in Menlo Park is the most recent sale in Allied Arts – 12 offers, 11 over asking price! But more importantly was the above-market price at which this property sold and the fact that 4 of the offers were close to the eventual winning bid. This most recent sale may be an indicator that land values are once again on the rise in Menlo Park.
Rare 2 Acre West Atherton Home Open Sunday
With only about 5% of the properties in West Atherton being 2 acres or greater, it is a rare opportunity when one comes on the market, particularly with an estate-sized, historic home. This opportunity becomes more intriguing when you realize that there have only been about 12 sales of 2+acre estates in the past 10 years. The majority of these properties have sold in the range of $10M-$23M. The M.A. Harris Estate presents a chance to live on a grand, serene estate located in the heart of Atherton. This magnificent home of approximately 11,000 square feet also features an 8-car garage complex, swimming pool, tennis court, gardens and carriage apartment. Please come tour this home at 120 Selby Lane on Sunday, December 11th, 1:30-4:30.
For more, visit:
120 Selby