(function() { var po = document.createElement("script"); po.type = "text/javascript"; po.async = true; po.src = "https://apis.google.com/js/plusone.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(po, s); })(); 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, […]" /> Kurtz Real Estate Group » Blog Archive » Atherton Market Update

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Atherton Market Update

March 22, 2011 Real Estate News No Comments
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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

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