ANNUAL REAL ESTATE REVIEW
2017 ANNUAL REPORT
Download Hugh’s 2017 Annual Real Estate review for a comprehensive analysis of residential market trends in the communities of Atherton, Menlo Park, Portola Valley and Woodside.
Published as a service to Hugh’s clients, this report has proven to be a useful tool, enabling buyers and sellers to better understand local conditions and property evaluations.
Annual Real Estate Review Highlights:
- Interesting statistical highlights
- Average home prices for the last 5 years
- Median home prices for the last 5 years
- Number of sales for the last 5 years
- Average days on the market for the last 5 years
Community Market Conditions - 2017 Annual Report
Atherton Report
Residential property values in Atherton declined for the first time in 3 years, not because of lack of demand but rather because of the increase in number of homes that sold for less than $5 million and the fewer number of very high-end sales as reported in the previous two years.
Menlo Park Report
Once again, the average sale price of a home in Menlo Park reached a record high with an increase of $171,836 to $2,341,474.
Portola Valley Report
In 2017, the average sale price of a Portola Valley home reached a new record high at $3,496,770.
Woodside Report
Following the record high price in 2016, the average sale price of a home in Woodside pulled back to $3,021,096 fueled by the number homes that sold for less than $2 million.