ANNUAL REAL ESTATE REVIEW

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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.

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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.

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Portola Valley Report

In 2017, the average sale price of a Portola Valley home reached a new record high at $3,496,770.

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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.

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