Open House in Atherton Today at $6.7 Million Dollar Home

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 is located next door to where Joe Montana lived when he was still with the 49ers.  The home has 5 bedrooms, a library, guest suite, huge living and family rooms plus a master bedroom that is very spacious.  A four car garage that has a car lift for a fifth car.  Beautiful hardwood floors throughout the downstairs and a massive entry that must be seen.  Come out to say hello or give me a call if you have any questions about the home.

Atherton Luxury Estate Price Reduction

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 Real Estate Sales Update for September 2011

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.

Atherton Mansion For Sale – Short Tour

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.

Atherton Estate For Sale With Discounted Price

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.

Video Tour of Atherton Luxury Multi-Million Dollar Estate For Sale

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.

High End Homes on Peninsula are selling.

In case you missed it, here is an excerpt from a recent article about the high end housing here on the Peninsula and how well it is selling.  Los Altos Hills  has had the big sale while Palo Alto is consistent and almost a sellers market.  Atherton and Menlo Park and moving along nicely with Atherton getting the high end sales.

Private Atherton Estate now on the market for $6.99 Million

A new luxury home has hit the market in Atherton on a private cul-de-sac street.  My new listing has 6 bedrooms, 5.5 baths and is approximately 7,000 square feet.  It sits on just over one acre and has beautiful landscaping as well as the perfect setup for the family that likes an outdoor lifestyle or entertaining.  There is a pool, hot tub, lots of patio decking for parties, putting green, sand volleyball court and huge grassy area for playing any kind of family games.

The interior of the home is very spacious and light filled.  The six bedrooms are all generous in size and there is also a large office/den as well as bonus room that can be used for a workout room or media room.  The family room is large and just off the kitchen, so it creates the perfect hanging out area, that also happens to lead to the pool and outdoor entertaining areas.  This luxury Atherton real estate listing can be seen by appointment only by calling Gary Kurtz of Alain Pinel Realtors. The asking price is $6.999 million.  The virtual tour will show you more pictures or you can go to my APR website for more information.

Atherton has seen a surge in purchases of luxury real estate recently and homes in the 5-20 million dollar range have been selling, despite the sluggish economy.  Atherton California is one of the most expensive areas in the country, having ranked #2 for highest average listing price.

Atherton Market Update

Again this week we see a downward notch for Atherton luxury real estate prices. Pricing has been weak in recent weeks and versus their absolute-high levels. Market Action Index is a good leading indicator for the durability of this trend. Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.

The median list price for a home in ATHERTON this week is $4,669,000.

Median List Price: $ 4,669,000

Asking Price Per Square Foot:  $968

Average Days on Market: 156

Median House Size: 6502 SF

Median Number of Bedrooms: 4.5

Atherton Sales Prices Stay Strong Despite Drop In Sales Volume

Sales prices in Atherton of luxury real estate stayed strong in the 3rd quarter of 2010 compared to the 3rd quarter of 2009.  Despite the economy and general gloom and doom news, it was surprising to see the prices jump for the Atherton real estate market.  Prices increased while the number of sales took a big dive, dropping almost 40%.  Since the inventory levels also took a huge increase, this means that the inventory is there, but buyers are being very selective.

Realtors and home sellers are hoping for an end of the year surge in sales.  The best case scenario for a buyer is in place due to the high amount of inventory on hand.  Atherton real estate was just named by the Wall Street Journal as the second priciest area in the country, coming in only behind an area of New York.  So, in essence, real estate in Atherton is the most expensive on the west coast.

Atherton                            Q3 2009         Q3 2010               Change

# of Sales                                  26                        16                       -38%

Avg Price (000)                   $ 3,424              $ 3,972                  16%

Avg DOM                                  94                         64                      -32%

Months of Inv.                     3.2                         13.3                    316%