Menlo Park Turnover Higher Than Atherton

When looking at the statistics for which cities have the highest percentage of turnover in the Bay Area, Menlo Park outpaced Atherton and many other communities for home and condo turnover for the year 2009.  The numbers are still lower than you might expect, but interesting to look at for determining which communities have the highest percentage of moving trucks throughout the year.

A couple of key cities and their turnover rates are:

Community     # of homes     Sales in 2009     Turnover %

Atherton                2,504                71                          2.84

Burlingame          7,318              195                         2.48

Hillsborough       2,872               106                         2.74

Menlo Park          8,915                323                        3.62

All numbers are down from 2008, but I guess this shows that, at most, about one out of every 30 of your neighbors will be moving this year or lising their house for sale.  I’m sure there are times when we wish that number was higher (loud parties, barking dogs, deferred maintenance) but at least now you know what to expect. So, even though luxury real estate in Menlo Park is highly sought after, the turnover is a bit higher than other areas.