Woodside Real Estate Down, All Others Up

Woodside real estate figures were the only blip on the charts with negative numbers while all other areas of San Mateo County showed gains in real estate prices and sales numbers. Woodside has been stagnant except for a 100 million dollar sale by a Japanese businessman. The huge off market number did not affect the charts as the sale happened off MLS. San Mateo county real estate prices were at a healthy 10% rise across the board.

Woodside Luxury Estate Auction: Was $21 Million Dollar Property

Something kind of exciting will be happening in Mid June – the auction of a luxury home in Woodside.  The home was originally priced at $21 million dollars, but the auction will have a starting bid of $7.9 million or you can do a “buy it now” before the auction starts for $12.95 million.

The home is named “Le Soleil” and is a spectacular estate on five acres that has almost 13,000 square feet with 7 bedrooms, beautiful pool, gardens, terraces etc.  Basically, everything you would expect for a 21 million dollar home. This is luxury real estate at its finest.

The cool thing is that the auction will take place entirely on line with potential bidders from around the world.  The entire bidding process will take less than two hours to complete and somebody will then have a luxury home worth millions of dollars more than they paid for it.  Not quite like a Facebook IPO, but still a potential to make millions.

If you are interested to sign up as a bidder or get more information, shoot me an email or phone call and I can connect you with the auction company.  It should be interesting to watch as I have never seen an on line auction of a home at such a high price.

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.

Luxury Estate in Los Altos Hills Sells for $100 Million Dollars

Luxury Real estate sales in Atherton just took a back seat to the high dollar sale that happened in Los Altos Hills at 13310 La Paloma Rd. The estate went for a rumored $100 million dollars and is a 25,000 square foot mansion with everything imaginable included, and is almost a twin of the above pictured estate for sale in Southern California. The property sits on over ten acres and has lots of privacy, which is necessary for the Russian billionaire who bought it and is looking to make a big impact in the Silicon Valley digital/tech world.

Luxury real estate in Menlo Park, Atherton and Palo Alto will probably get a bump as more money will probably flow into the area from other Russian comrades who want to join in on the Silicon Valley real estate surge. 145 Josselyn Lane in Woodside recently sold for just over 15 million dollars and there have been several 10 million dollar sales in Atherton as well, so the luxury real estate market is definitely heating up and money is flowing into the local real estate scene.

I have off market listings in the 5-10 million dollar range and many sellers are calling me to sell their property off market to prevent the signs and publicity that goes with listing your home for sale. I specialize in this area and please don’t hesitate to contact me if you are looking to buy or sell a luxury property without all the for sale signs, looky loos or neighbors trampling thru your home. This applies to any priced home from 1 million up to 100 million as your privacy is your privacy.