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Atherton Mansion For Sale – Short Tour

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

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

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.

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

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

March 22, 2011 Real Estate News No Comments
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

October 15, 2010 Real Estate News No Comments
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%

Real Estate Statistics for Peninsula Looking Up!

Real Estate Statistics for Peninsula Looking Up!

The new second quarter statistics are in and looking pretty good.  Below are some numbers for some communities in San Mateo County. I’ll continue to make other posts for other cities in San Mateo County as well as Santa Clara County over the coming days.

Atherton real estate showed a number of sales increase by 25%, while prices on these primarily luxury homes were down only 3%. The average days on market took a big dip (which is good for sellers) as it was down 44%, which means that buyers were out in force and looking to purchase a home instead of sitting on the fence.

Menlo Park real estate also showed some gains as sales were up and prices were up.  The gains were small, but it shows that Menlo Park luxury real estate is still a viable option for buyers.  I say luxury real estate as prices are over a million dollars, even though they are quite significantly lower than the luxury homes of Atherton, which average out at almost $3.7 million dollars per home.

More statistics to come, but here is a start

Community                           Q2 2009           Q2 2010           % Change

San Mateo County
# of Sales                                 1,017                    1,178                   16%
Average Price ($000)              $897                     $964                      7%
Avg Days on Market                69                           55                  -20%
Months of Inventory                    3.1                          3.6                    16%

# of Sales                                     16                            20                    25%
Average Price ($000)         $3,788                $3,672                     -3%
Average DOM                           116                         65                    -44%
Months of Inventory                    8.0                       5.6                     -30%

Menlo Park
# of Sales                                     95                        101                        6%
Average Price ($000)         $1,324                 $1,343                        1%
Average DOM                            55                          44                    -20%
Months of Inventory                   2.2                         2.3                        5%

Redwood City
# of Sales                                     109                        151                      39%
Average Price ($000)             $744                    $804                        8%
Average DOM                               52                         49                       -6%
Months of Inventory                   3.4                         3.0                     -12%

Recent Sale: Atherton Luxury Real Estate

Recent Sale: Atherton Luxury Real Estate

List: 02/20/2010
Original: 02/20/2010
Sale: 04/09/2010
COE: 06/02/2010

List: $5,480,000
Sale: $5,000,000

2 FAXON RD, Atherton 94027
$5,000,000 Beds: 6 beds Baths: 5|1 baths
DOM: 48

San Mateo County
Detached Single Family
Beds, Baths: 6, 5|1
SqFt: 5170 (Assessor)
Lot Size: 47,817 sq ft (Assessor)
Yr Built: 1956 (Assessor)
Age: 54 years

Property Comments
Lovely 2-story home on a corner lot across from the Menlo Circus Club. 6 bedrooms (2 bd suites on main level, including the master) and 4 up (one has a sitting room which could be a 7th bd). Fireplace in living room and family room, large kitchen with island, bar seating and breakfast room. Formal DR. Spacious rear grounds w/brick-edged patio, pool, spa poolhouse. Oak Knoll/Hillview schools.

Atherton Average Home Price: $5.6 Million

March 22, 2010 Real Estate News No Comments
Atherton Average Home Price: $5.6 Million

The statistics are in and the average price of a home that was sold in February was 5.6 million dollars, up from a typical January low.  Not a bad statistic if you might be selling, but a challenging number if you are on the buying side.

I have seen several 10-12 million dollar homes that are just hitting the market, so maybe that is why the average listing price in February was $6.23 million and rising.  Here are the statistics for the past year.

My Contact Information

Gary Kurtz
BRE# 01710776

Kathy Kurtz
BRE# 01876966

HOM Sotheby's International Realty
1200 Newport Center Drive, # 100
Newport Beach, CA 92660

949.565.5201 (cell)
949.478.7769 (office)
650.796.5507 (Silicon Valley #)

Contact me now with any questions:

Kurtz Real Estate Group

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Real Estate Insider Video Show

Alain Pinel Realtors Silicon Valley

April 3, 2013

Alain Pinel Realtors Silicon Valley

We at Alain Pinel Realtors have been releasing high quality videos that give buyers a feel for different areas. Today, we released the Silicon Valley video. Take a look. If you are looking for luxury real estate all along the Peninsula and Silicon Valley in areas such as Los Altos, Saratoga, Monte Sereno, Palo Alto, […]

Palo Alto Real Estate Update

February 3, 2012

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.

Menlo Park Monthly Real Estate Sales Figures for October 2011

November 5, 2011

Menlo Park Monthly Real Estate Sales Figures for October 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 […]

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Off Market Listing in Pelican Hill – $12,500, 000

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Prices Still Rising In Orange County

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Why So Many Chinese Buyers in Palo Alto and Along the Peninsula?

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Why So Many Chinese Buyers in Palo Alto and Along the Peninsula?

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