Palo Alto Real Estate Update
The numbers are strong for real estate in Palo Alto with this month’s sales figures. Watch the video to see all key sales numbers for the month of January 2012 compared to January 2011.
The numbers are strong for real estate in Palo Alto with this month’s sales figures. Watch the video to see all key sales numbers for the month of January 2012 compared to January 2011.
The average sales price of a home in Menlo Park fell 7.8% for the month of October 2011 compared to October 2010. The total number of sales for both periods were similar, which is good news, but the home prices were a little lower than expected. The surprise number is that the average price per square foot rose, so that means people are paying less, but also for smaller homes.
All other numbers for the month look healthy for both buyers and sellers. Luxury real estate in Menlo Park, Palo Alto and Atherton is still in demand compared to the rest of the country and nothing to complain about. See the attached short video for all the key statistics.
A beautiful estate in Atherton has just lowered the asking price of their 7,000 square foot, 6 bedroom, 5 1/2 bath on over one acre property to $6.6 million. That’s a price reduction of $400k! The home also has a pool, large grassy yard, sand volleyball court and located next door to where Joe Montana lived several years ago. Atherton real estate has fewer properties on the market this year compared to last year, but homes are still moving and Atherton was just named as the second most expensive zip code in the nation as was reported today in the Realtor.com article. The full list is an interesting read.
Atherton luxury real estate sales figures for the month of September, 2011 compared to September 2010. As you can see, the numbers are staying steady as listing prices are way up, but sales prices continue to remain down a bit from last year.
A short video that shows the important real estate statistics for Menlo Park sales figures for the month of September, 2011 compared to September 2010. This is a good indicator on how the real estate market for Menlo Park is doing and helps buyers and sellers determine timing for buying or listing a home for sale.
I thought it would be fun to add a short form version of my longer tours and for now I’m calling them my 2 minute tour videos. Here is one of my luxury listing in Atherton. Atherton real estate is selling well this month and this home is getting many buyers looking with several return visits. I look forward to your thoughts on this shorter form.
Yes, it is true. A high end luxury estate in Atherton is priced to sell and has recently lowered the asking price. The estate has three buildings on it – main home, guest house and office/artists studio for a total of over 6,200 square feet of living space. This home is great for extended families, has a beautiful pool with slide, parking for 8 cars, and a large lot with fruit trees and sitting areas. The main home is centered around the open floor plan of the combined kitchen and family room areas where your family will congregate around meals or entertaining. Bedrooms are all generous in size and have their own bathrooms for that “suite” feeling and privacy.
The home has been reduced by almost $400,000 to sell quickly and the new asking price is $3,495,000. Lindenwood Estate homes are in demand and this luxury estate is priced to sell. Great Menlo Park schools and close proximity to public transportation and freeways.
Call me for a private showing or if you need any more information.
Here is a video tour of my recent luxury real estate listing in Atherton, California that is priced just under 7 million dollars. The home has 6 bedrooms, 6 baths and approximately 7,000 sf. It sits on just over one acre of beautifully landscaped grounds and is the perfect family estate. There is a sunny pool, large decking area, hot tub, sand volleyball court, putting green, and large grassy area for kids of all ages. Inside the home, the rooms are all large, have high ceilings and are all light and bright due to the skylights and windows throughout the home. Located at the end of a cul-de-sac street of only 5 homes and behind an electronic gate, this home has the privacy many buyers in this price range want. If you need further information, don’t hesitate to call me or send an email to gkurtz@apr.com.
The Real Estate Insider talks with Ron Ricard on how to save taxes on your real estate purchases using the 1031 exchange loophole. Many of my clients that buy luxury real estate in Menlo Park, Atherton, Palo Alto and other areas use this rule when handling their real estate portfolio.
Check out my listing for a condo in downtown Palo Alto that is just a block away from University Avenue and the great restaurants and shops that people love. It’s just under 1800 square feet, single level and is located in a security building. If you want to know more about it or are looking for other homes in the area, please give me a call.
Gary Kurtz
Alain Pinel Realtors
DRE# 01710776
1550 El Camino Real, # 100
Menlo Park, CA 94025
650-543-1202 (office)
650-796-5507 (cell)
gkurtz@apr.com
Search MLS Listings and get other local real estate information on my Alain Pinel website at apr.com
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If you are in the market for a home anywhere in the SF Bay area, search our MLS Listings to find your dream home.
Then when you are ready to get more information or schedule a tour of your favorite homes, call me and I'll take care of the rest.
The numbers are strong for real estate in Palo Alto with this month’s sales figures. Watch the video to see all key sales numbers for the month of January 2012 compared to January 2011.
The average sales price of a home in Menlo Park fell 7.8% for the month of October 2011 compared to October 2010. The total number of sales for both periods were similar, which is good news, but the home prices were a little lower than expected. The surprise number is that the average price per [...]
A beautiful estate in Atherton has just lowered the asking price of their 7,000 square foot, 6 bedroom, 5 1/2 bath on over one acre property to $6.6 million. That’s a price reduction of $400k! The home also has a pool, large grassy yard, sand volleyball court and located next door to where Joe [...]
530 Irvin Court in Palo Alto was listed on February 20, 2012 for $1,598,000 and sold for $1,680,000 on March 12, 2012, a 5% gain in sales price from asking price. The Barron Park home features 5 bedrooms, 4 1/2 baths, a gourmet kitchen with large island, full basement with media/game room, granite counters [...]
Gary Kurtz is holding an open house today at 9 Atherton Oaks Lane in Atherton from 1:30pm-4:30pm. The house is listed for $6.7 million dollars and has 8,190 square feet plus 200 square foot pool house and 880 sf 5 car garage. It’s located on 1.09 acres and is very quiet and peaceful. The home [...]
1382 Forest Ave, Palo Alto in Crescent Park
List Price: $4,395,000
Sale Price: $4,400,000
New Construction 2 story home with 5 bedrooms, 4 ½ baths, +/- 3231 Sq. Ft. Home is East Coast style with Craftsman appeal. First floor has gourmet kitchen, family room, dining room, living room and guest suite/office. Second floor has the master suite, [...]
Everybody, don’t forget to come by the open house at 4105 Park Blvd in Palo Alto this Sunday from 1:30-4:30pm. It’s hard to find a home in the Palo Alto school district for under a million dollars, but we have it to show this weekend. 3 Bedrooms, 2 full bath, 1,450 square feet [...]
The numbers are strong for real estate in Palo Alto with this month’s sales figures. Watch the video to see all key sales numbers for the month of January 2012 compared to January 2011.
