Menlo Park SINGLE FAMILY RESIDENCES
2016 DATA ANALYSIS
Some notes on data SA L E DATE VS . C LO S E O F E S C ROW
BOX- A N D -W H I S K E R PLOT S
Some real estate sales statistics and graphics use Close of Escrow (COE) as the effective date of the sale. This makes some sense, as the sale isn’t final until escrow closes. It does, however, give a skewed view of the seasonality of the market since some sales may not close until a few months after the sale date. For all the statistics and graphics you see in this report, we have chosen to use the sale date (the date the contract was signed), to give you a more accurate picture of the state of the market.
To give you a sense of the range of home prices in a neighborhood, we include a type of diagram used in descriptive statistics: the box-and-whisker plot. This breaks down the homes sold into four quartiles, each with the same number of sales. The central rectangle (the “box”) shows the 2nd and 3rd quartiles, with the median between them. The whiskers that extend beyond the box show the 1st and 4th quartiles. Any outliers (sales that fall outside 1.5 times the width of the box) are shown as diamonds. $4.08m
SIZE INDEX
The size of a house in square feet is highly correlated with sale price and a commonly used measure, but it fails to take into account the size of the lot – often a significant factor in this region. For charts in the neighborhood section of this report, we use a size index that factors in lot size as well as house size, based on a regression analysis of their relative contribution to sale price in the city. The size index is more highly correlated with sale price than house size alone.
©2017 Golden Gate Sotheby’s International Realty
1Q min
2Q
3Q median
4Q max
outliers
SO U RC E S & O F F - M A R K E T SA L E S
Data for this report was provided by MLSListings, Inc., local county tax assessors offices, and other sources. Golden Gate Sotheby’s International Realty maintains our own database of off-market home sales – homes sold without being publicly listed. For this report, we incorporate these off-market sales into the more generally available data. We believe the information in this report to be correct but have not independently verified the information and assume no legal responsibility for its accuracy.
Menlo Park SINGLE FAMILY RESIDENCES
The state of the market in one of the world’s most desirable housing marketplaces. 2016 DATA ANALYSIS
Menlo Park
The City of Menlo Park was incorporated in 1874 as the community grew around the Menlo Park train station that made the area a popular residence for San Francisco businessmen. Almost a century and a half later, Menlo Park remains a sought-after address for commuters to San Francisco, as well as those who work in Silicon Valley and desire a top-rated school district. Menlo Park’s charming downtown on Santa Cruz Avenue is the heart of the city, complemented by nearby shopping and entertainment available in Palo Alto, Redwood City and Stanford Shopping Center. The Burgess Park recreation area and adjacent civic center complex is a thriving hub of community activities and resources. A strong public school system and the presence of several private schools make a Menlo Park address a favorite of school-aged families. All of its schools and community facilities have undergone upgrades within the past five years. A new state-of-the-art, multi-discipline performing arts center opened at the high school in 2009. Homes are varied and include turn-of-the-century bungalows and mid-century ranchers, along with modern estate-sized homes that have recently been built to replace older houses. The approximately 32,000 residents that call Menlo Park home enjoy the excellent blend of suburban accommodations, privacy and peace, with the urban conveniences of a well-connected, vibrant city.
$2.5 million
CHANGE FROM 2015
MENLO PARK SUMMARY
Number of Homes: 9,661 Homes sold in 2016: 358 Median sale price: $2.14m Average sale price: $2.44m Average price/sq ft: $1,173 Average days on market: 25
+11.2% +5.4% +6.6% +6.3% +38.9%
$2 million Jan 2012: Start of the Unicorn Run
$1.5 million Sept 2008: Sub-prime bubble bursts
$1 million
The graph of median prices for Menlo Park (2002-2016) reflects three housing cycles, starting with the dot.com crash of 2000 with a fitful recovery beginning in 2003. The next – the sub-prime bubble – can be seen in the run from 2004 to 2008, collapsing with the fall of Lehman Brothers and the banking crisis in September 2008. The most recent “Unicorn Run,” fueled by startup companies valued at $1 billion or above, has put steady upward pressure on home prices.
Feb 2004: End of the dot.com bust
*Graph shows 6 month rolling average
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
San Carlos 84
Menlo Park Neighborhoods
Redwood City
rald Hills
North Fair Oaks
BELLE HAVEN
FLOOD PARK
FAIR OAKS
101
East Palo Alto
84
MENLO OAKS
FELTON GABLES
Atherton
82
THE WILLOWS
LINFIELD OAKS
ALLIED ARTS
Palo Alto
CENTRAL MENLO
Woodside
UNIVERSITY HEIGHTS
101
84
SHARON HEIGHTS
Stanford 82
ALPINE ROAD AREA 280
Mo V
Menlo Park Home Sales by Neighborhood - 2016 The box-and-whisker plots here span the range of home sale prices within each neighborhood, with the large dot marking the median. Diamonds beyond the reach of the whiskers are outliers: unusual sales both high and low. See page 2 for a more detailed explanation of box-and-whisker plots.
$1m
$2m
$3m
$6m
$7m
Felton Gables
Los Altos 2
$3.30m
Menlo Oaks
$3.30m
Sharon Heights
280
19
Los Altos Hills
19
$3.28m
Alpine Road
3
$2.68m
University Heights
60
$2.50m
Allied Arts
31
$1.85m
The Willows
42
$1.79m
Linfield Oaks
10
$1.60m
Flood Park Area
30
$1.26m
43
$0.90m
$1m
Sales
60
$3.40m
Portola Valley
Belle Haven
$5m
$3.55m
Central Menlo
North Fair Oaks
$4m
39 $2m
$3m
$4m
$5m
$6m
$7m
Menlo Park Schools
Menlo Park elementary and middle school students belong to one of three districts: Menlo Park City School District or Las Lomitas School District for students west of highway 101, or Ravenswood City School District for students on the east side, with a few small pockets west of the freeway also attending Ravenswood schools. The divisions by grade vary depending on the district and school. Laurel Elementary has two campuses with the lower campus serving K-2 and the upper campus serving 3-5. All of Menlo Park is in the attendance area for Menlo Atherton High School which is part of the Sequoia Union High School District.
E LE M E NTARY/M I DDLE SC HOOL S L A S LO M I TA S
Las Lomitas (K–3) La Entrada (4–8) Alpine Road Area, Sharon Heights, University Heights M E N LO PA R K
Oak Knoll (K-5) Allied Arts, Central Menlo Encinal (K-5) Allied Arts, Linfield Oaks, Felton Gables, Flood Park Laurel (K-5) Menlo Oaks, Flood Park, The Willows Hillview (6-8) Allied Arts, Central Menlo, Linfield Oaks, Felton Gables, Flood Park, Menlo Oaks, The Willows R E DWO O D C I T Y
Selby Lane (K–5) Garfield (K–5) Kennedy Middle (6–8) Fair Oaks R AV E N S WO O D
Belle Haven Elementary (TK-8) Belle Haven H IG H SC HOOL Menlo Atherton High All neighborhoods
Menlo College
Alpine Road St. Joseph's School (Pvt.)
PO
Library Rec. Center
Burgess Park
St. Raymond's School (Pvt.)
Nealon Park
Stanford Shopping Center
Stanford Children’s Convalescent Hospital
Hillview Middle School
Cogswell Plaza
Library City Hall
Hoover Pavilion Hospital
Palo Alto Medical Clinic
Bowling Green Park
Jordan Jr. High School
Palo Alto Sr. High School
Stanford Stadium
Bowden Park
Sp
Stanford University Golf Course
d roa
Rail
Laqunita Lake
Stanford Hills Park
Court House
Wallis Park
Cameron Park
Sharon Park
El Ele
Mayfield Park
Escondido Neighborhood Elem. Perspective Werry
82 Park sell in this A very small numberSchool of homes Weisshaar neighborhood each year, with only three changing Park hands in each of the past two years. When they do Lucillean average of only 11 sell, they go quickly, lasting Nixon Barron Park days on the market the School past two years.
280
Elem. Scl.
H O M E SA L E S DATA F O R 2 015
eek s Cr
o ranc Los T
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . . 98 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Median Sale Price . . . . . . . . . . . . . . . . . . . $3,275,000 Veterans Hospital Average Sale Price . . . . . . . . . . . . . . . . . . $3,408,333 Average Price/Square Foot . . . . . . . . . . . . . . . . . $910 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 11
N E I G H BO R H OO D S C H OO L S
Las Lomitas Elementary (K–3) La Entrada Middle School (4–8) Menlo Atherton High
Alpine Road Inventory - 2016
lt C
k ree
8 7 6 5 4 3 2 1 0
Homes for Sale vs. Closed Sales
Homes for Sale City Hall
Jan
Feb Mar Apr May
Jul
Aug Sep Oct Nov Dec
280
Pu r is
Closed Sales
i
ma Cre e
C ero ad
Jun
Matad
ree k
Fe
Felt Lake
Bol Park
Dr y Cr
Trinity Episcopal Elem. Sch.
Rinconada Park
Walter Hays Elem. School
Peers Park
La Entrada Elementary School
Library Art Cen
Zoo
Castiilleja School
Stanford University Hospital
Oak Knoll Elementary School
Addison Elem. School
El Camino Park
LS Packard Children's Hospital
Sharon Hills Park
i
Eleanor Pardee Park
Matadero Cree k
Las Lomitas Elem. School
St. Elizabeth Seton School (Priv.)
Johnson Park
Fremont Park
San Fra nci squ ito Cre ek
Sacred Heart Preparatory School (Pvt.)
nF rancis qu
Sa
82
Menlo High School
Stanford Weekend Acres – as it’s also known – is an eclectic mix of small older homes and newer modern homes, many of them on private roads. The neighborhood is tucked into a sliver of unincorporated San Mateo County. Bordered by Stanford University golf course, Alpine and San Francisquito Creeks, the area combines a rural feel with convenient location.
Alpine Road Area Home Sales 2016 Sale Price $8m
$7m
$6m
$4,550,000 $5m
$4m Median
$3m City Median
$2m
$2,400,000
$1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Laurel Elem. School
84
Sharon Heights 82
Menlo High School St. Joseph's School (Pvt.)
Woodside High School
German-american School Of San Francisc
Burgess Park
St. Raymond's School (Pvt.)
Nealon Park
Stanford Children’s Convalescent Hospital
Bear Gulch Reservoir
eeekk re
Sharon Heights Country Club
Library City Hall
Hoover Pavilion Hospital
Stanford University Golf Course
Stanford Hills Park
a n ci s qu ek Cre ito
N E I G H BO R H OO D S C H OO L S
Bowling Green Park
Palo Alto Sr. High School
Peers Park
Sharon Heights saw a sharp decrease in homes sold, from 35 in 2015 down to 19 in 2016. A healthy increase in median price of almost 20%, was interestingly paired Cameron Park Laqunita with anLakealmost doubling of days on market. Though not Mayfield Park included in this report, condominiumsEscondido and townhomes Elem. Werry School made up roughly 2/3 of home sales in SharonParkHeights, selling for a median price of $1.4 million in 2016.Weisshaar Park
Bo
Wallis Park
Lucille Nixon School
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 933 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Median Sale Price . . . . . . . . . . . . . . . . . . . $3,295,000 Average Sale Price . . . . . . . . . . . . . . . . . . $3,475,230 Average Price/Square Foot . . . . . . . . . . . . . . . $1,099 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 35
B P E
Vete Hos
eek s Cr
o ranc Los T
Las Lomitas Elementary (K–3) La Entrada Middle School (4–8) Menlo Atherton High
Zoo
Walter Hays Elem School
Castiilleja School
H O M E SA L E S DATA F O R 2 015
280 San Fr
Palo Alto Medical Clinic
Neighborhood Perspective
Sharon Park Trinity Episcopal Elem. Sch.
Addison Elem. School
El Camino Park
Stanford Stadium
Stanford University Hospital
La Entrada Elementary School
Elean Parde Park
Cogswell Plaza
LS Packard Children's Hospital Oak Knoll Elementary School
St. Elizabeth Seton School (Priv.)
Johnson Park
Fremont Park
Hillview Middle School
Sharon Hills Park
Menlo Oaks Elem.school
Willow Oaks Park
Library Rec. Center
PO
Stanford Shopping Center
Las Lomitas Elem. School
Bell Street Park
Stanford Research Institute
San Fra ncis qui to Cre ek
Sacred Heart Preparatory School (Pvt.)
Veteran’s Administration Hospital Willow Oaks Elem.school
St. Patrick’s Seminary
Nativity School
Menlo College
Peninsula School
Menlo - Atherton High School
Selby Lane Elem. School
Creek
Sharon Heights Inventory - 2016
ulch
ils G
Ne
16 14 12 10 8 6 4 2 0
Homes for Sale vs. Closed Sales
Felt Lake
Fe
se hu
Ave t ts
Ford Elementary School
Encinal Elem. School
Holbrook Palmer Pk
St. Pius School (Priv.)
od Redwo
ac
Hoover Elem. School
Jan
lt C
ree
Closed Sales Homes for Sale
k
Feb Mar Apr May
Jun
Jul
Aug Sep Oct Nov Dec
City H
Sharon Heights is a thoughtfully planned community with parks, open space, schools, churches, shopping, dining and a country club, amid a mix of single family homes, condominiums, townhomes and apartments. Hilly topography provides varied views of the Bay, western hills or golf course. Residents enjoy convenient access to highway 280 and Alameda de Las Pulgas.
Sharon Heights Home Sales 2016 Sale Price $8m
$7m
$5,338,000
$6m
$5m
$4m Median
$3m City Median
$2m
$1,600,000
$1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
W Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Laurel Elem. School
84
Menlo High School St. Joseph's School (Pvt.)
Stanford Research Institute
PO
Burgess Park
Nealon Park
Oak Knoll Elementary School La Entrada Elementary School
Library City Hall
Palo Alto Medical Clinic
Addison Elem. School
Hoover Pavilion Hospital
Bowling Green Park
Library Art Center
Zoo
Rinconada Educatio Park Center
Walter Hays Elem. School
H O M E SA L E S DATA F O R 2 015
Cameron Park
Wallis Park
Court House
a
n ci
s qu
ek Cre ito
University Heights Inventory - 2016
Homes for Sale vs. Closed Sales o ranc Los T
Bol Park
Veterans Hospital
eek s Cr
16 14 12 10 8 6 4 2 0
Homes for Sale Felt Lake
Jan
lt
Feb Mar Apr May
ek Cre
Terman Middle School
El Carmelo Elem. School
Mayfield Number of homes . . . . . . . . . . . . . . . . . . . . . . . 1,318 Escondido Park Elem. Werry School 82 Park Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Weisshaar Median Sale Price . . . . . . . . . . . . . . . . . . . $2,680,000 Park Average Sale Price . . . . . . . . . . . . . . . . . . $2,650,785 Lucille Nixon Barron Average Price/Square FootSchool . . . . . . . . . . . . . . . $1,313 Park Elem. Scl. Average Days on Market . . . . . . . . . . . . . . . . . . . . . 27 Matadero Cree k
Las Lomitas Elementary (K–3) La Entrada Middle School (4–8) Menlo Atherton High
Fe
an F r
El Camino Park
d roa
280 N E ISG H BO R H OO D S C H OO L S
Duveneck Elementar School
Eleanor Pardee Park
Rail
Laqunita Lake
Stanford Hills Park
rw
ito Cree k
Median prices rose 24% in 2016, Castiilleja along with a 10% Jordan School Jr. High Packard LS Palo Alto rise Children's in average price per square foot. Over 1/3 of School Hospital Sr. High School Stanford$3 million mark or higher, Stanfordhomes sold were at the Stadium University Hospitalcompared with 1/4 of homes at that level the prior Peers year. University Heights had the highestParkturnover in Bowden Park 2016, with 4.6% of homes changing hands.
Sharon Park Trinity Episcopal Elem. Sch.
or eF
Sp
Stanford University Golf Course
ysh
Cogswell Plaza
Neighborhood Perspective
Bear Gulch Reservoir
Sharon Hills Park
St. Elizabeth Seton School (Priv.)
Johnson Park
Stanford Children’s Convalescent Hospital
Hillview Middle School
Ba
Library Rec. Center
Stanford Shopping Center
Las Lomitas Elem. School
German-american School Of San Francisco nF rancis qu
San Fra nci squ ito Cre ek
dside School
Menlo Oaks Elem.school
Willow Oaks Park
Fremont Park
St. Raymond's School (Pvt.)
Mcnair Intermedia Brentwood School Oaks Elem. School San Francis 49er Acade
Sa
82
Bell Street Park
Willow Oaks Elem.school
St. Patrick’s Seminary
Nativity School
Menlo College
Sharon Heights Country Club
Green Oaks Academy Cesar Chavez Academy Elem Creative Sch Montessori Sch
Veteran’s Administration Hospital
Menlo - Atherton High School
Selby Lane Elem. School
Sacred Heart Preparatory School (Pvt.)
Peninsula School
Encinal Elem. School
Holbrook Palmer Pk
St. Pius School (Priv.)
d mentary ool
Hetch Hetchy
Garfield Charter Elem Sch Hoover Elem. School
Costano Elementary School
Mid Peninsula High School
101
Wherry Academy
Fleishman Park Linden Park
Palm Park
Post Office
Fair Oaks Elem Sch Sp Railroad
Dr y Cree k
Hawes Park
Taft Elem Sch
Rd
University Heights Library
st Bay istian demy Hawes Elem Sch
Andrew Spinas Park
Wil low
tar y h
Hoover Park Hoover Elem Sch
Jardin De Ninos Park
Heritage Christian Academy
ool
illo
Mar sh
City Hall
Jun
Jul
Aug Sep Oct Nov Dec
Closed Sales
University Heights is a close-knit, family-friendly community centered around Alameda de las Pulgas in unincorporated San Mateo County. Within walking distance of restaurants and cafes, salons, fitness centers, and highly-regarded private elementary and pre-schools, it’s common to see families riding bikes and parents pushing strollers.
University Heights Home Sales 2016 Sale Price $8m
$7m
$6m
$4,575,000 $5m
$4m
$3m
Median City Median
$2m
$1m
$1,200,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
84
Police Station
Rd
Central Menlo Post Office
illo
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Fair Oaks Elem Sch Sp Railroad
Green Oaks Academy Cesar Chavez Academy Elem Creative Sch Montessori Sch
Garfield Charter Elem Sch Hoover Elem. School
Laurel Elem. School Encinal Elem. School
Holbrook Palmer Pk
Menlo College Menlo High School St. Joseph's School (Pvt.)
PO
ysh
or eF
St. Elizabeth Seton School (Priv.)
San Fra nci squ ito Cre ek
Stanford Children’s Convalescent Hospital
Stanford University Hospital
Oak Knoll Elementary School
Palo Alto Municipa Golf Cou
rw
y
ito Cree k
Duveneck Elementary School
Eleanor Pardee Park
Neighborhood Perspective
Nealon Park
Cogswell Plaza
The Central Menlo Addison market continued to be an Elem. Library School Art Center steady from Zoo holding Library active one in 2016 with prices City Hall Rinconada Palo Alto Education Walter Park Center Hays Elem. the priorMedical year and price per square foot at Clinic Bowlingaverage Green Hoover School Park Pavilion half of the Hospital the highest level in Menlo Park. NearlyTerman Castiilleja Jordan Middle School Jr. High School homes sold were in the $3-4 million range. Average School Palo Alto High School rose 35% compared to 2015. days on Sr.market
El Camino Park
rlin
Ste
Stanford Stadium
Peers
H O M E SA L E S DATAParkF O R 2 015 Bowden
Park Number of homes . . . . . . . . . . . . . . . . . . . . . . . 1,657 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 Court Wallis House Park Cameron Median Sale PricePark . . . . . . . . . . . . . . . . . . . $3,550,000 El Carmelo Elem. School Mayfield Average Sale Price . . . . . . . . . . . . . . . . . . $3,823,753 Escondido Park Elem. Werry School Average Price/Square Foot . . . . . . . . . . . . . . . $1,460 82 Park Weisshaar Average Days onParkMarket . . . . . . . . . . . . . . . . . . . . . 23 Sp
Stanford University Golf Course
d roa
Rail
Sharon Park Trinity Episcopal Elem. Sch.
Ba nF rancis qu
Johnson Park
LS Packard Children's Hospital
La Entrada Elementary School
German-american School Of San Francisco
Burgess Park
Hillview Middle School
Sharon Hills Park
Menlo Oaks Elem.school
Library Rec. Center
Stanford Shopping Center
Las Lomitas Elem. School
Willow Oaks Park
Stanford Research Institute
Fremont Park
St. Raymond's School (Pvt.)
Mcnair Intermediate Brentwood School Oaks Elem. School San Francisco 49er Academy
Sa
82
Bell Street Park
Willow Oaks Elem.school
St. Patrick’s Seminary
Nativity School
Sacred Heart Preparatory School (Pvt.)
Veteran’s Administration Hospital
Peninsula School
Menlo - Atherton High School
elby Lane lem. School
haron Heights ountry Club
Hetch Hetchy
Mid Peninsula High School
101
Wherry Academy
Fleishman Park Linden Park
Costano Elementary School
Laqunita Lake
Stanford Hills Park
N E I G H BO R H OO D S C H OO L S
Lucille Nixon School
s qu
Central Menlo Inventory - 2016
ek Cre ito
eek s Cr
o ranc Los T
16 14 12 10 8 6 4 2 0 Felt Lake
Homes for Sale vs. Closed Sales
Barron Park Elem. Scl.
Bol Park
Veterans Hospital Dr y Cree k
n ci
Oak Knoll Elementary Encinal Elementary 280 Hillview Middle School Menlo Atherton High
Matadero Cree k
Library
Taft Elem Sch
Rd
Andrew Spinas Park
Wil low
Hoover Park Hoover Elem Sch
ad ilro
Ra
W
M ar
Jardin De Ninos Park
Sp
w
sh R d
iser undation ospital
Homes for Sale Closed Sales Jan
Feb Mar Apr May
Jun
Jul
Aug Sep Oct Nov Dec
y Dr
e Cre
Ideally located just west of downtown, Central Menlo is arguably the city’s most desirable neighborhood. Well-kept homes on large lots range from the older traditional ranch to the new modern farmhouse style. Children walk and bike to school down quiet, tree-lined streets in this peaceful, familyfriendly neighborhood.
Central Menlo Home Sales 2016 Sale Price $8m
$7,750,000
$7m
$6m
$5m
$4m Median
$3m City Median
$2m
$1,659,500
$1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Allied Arts Post Office
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood Pk County
Railroad
Wil low
Taft Elem Sch
Rd
W illo
Mar sh
Andrew Spinas Park
Hetch Hetchy
Mid Peninsula High School
101
ry emy
Encinal Elem. School
Holbrook Palmer Pk
Stanford Research Institute
Menlo College Menlo High School
Burgess Park
Fremont Park
St. Raymond's School (Pvt.)
Nealon Park San Fra nci squ ito Cre ek
Sacred Heart Preparatory School (Pvt.)
Stanford Shopping Center
Stanford Children’s Convalescent Hospital
Hillview Middle School
LS Packard Children's Hospital
N E I G H BO R H OO D S C H OO L S
Oak Knoll Elementary Encinal OakElementary Knoll Elementary Hillview Middle School School Menlo Atherton High
ysh
nF rancis qu
Six homes in the Allied Arts neighborhood broke the $4 million barrier in 2016 (compared to only one in St. Elizabeth Johnson 2015), and another came close, pushing the average Eleanor Seton School Park Pardee (Priv.) sale price up 20% from the prior year. HousesPark were on theCogswell market an average of six days longer, but were still Plaza moving at a healthy clip. Addison Elem. School
El Camino Park
H O M E SA LLibrary E S DATA City Hall Palo Alto Medical Clinic
or
ito Cree k
Duven Eleme Schoo
Library Art Center
Zoo
F O R 2 015
Rinconada
Walter Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 708 Park Hays Elem. Bowling Green Hoover Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . School 31 Park Pavilion Hospital Median Sale Price . . . . . . . . . . . . . . . . . . . $2,500,000 Castiilleja Jordan School Average Sale Price . . . . . . . . . . . . . . . . . . $2,943,322 Jr. High School Palo Alto Average Price/Square Foot . . . . . . . . . . . . . . . $1,426 Sr. High Average Days on School Market . . . . . . . . . . . . . . . . . . . . . 22
Peers Park
Allied Arts Inventory - 2016
Educ Cent
Term Midd Scho
Jan
Feb Mar Apr May
Jun
Escondido Elem. School
Jul
Werry Park
Mayfield Park
Aug Sep Oct Nov Dec Weisshaar Park
Court House
d lroa
Cameron Park
Wallis Park
Rai
8 7 6 5 4 3 2 1 0
Bowden Park
Homes for Sale vs. Closed Sales
Sp
Laqunita Lake
Ba
Stanford Stadium
Stanford University Hospital
Stanford University Golf Course
Stanford Hills Park
German-american School Of San Francisco
Neighborhood Perspective
Library Rec. Center
PO
Mcn Interm Brentwood Sch Oaks Elem. School San Fra 49er Ac
Menlo Oaks Elem.school
Willow Oaks Park
St. Patrick’s Seminary
Nativity School
Bell Street Park
Willow Oaks Elem.school
Menlo - Atherton High School
82
St. Joseph's School (Pvt.)
Veteran’s Administration Hospital
Peninsula School
Sa
ntrada mentary hool
Laurel Elem. School
Green Oaks Academy
Cesar Chavez Academy Elem Creative Sch Montessori Sch
rfield Charter m Sch
Hoover Elem. School
Costano Elementary School
Homes for Sale
El Carmel Elem. Scho
Closed Sales
82
Tree-lined streets, charming cottages, historic gardens, and the Allied Arts Guild, make Allied Arts one of the most charming neighborhoods in Menlo Park. Smaller lots make it an attractive entry point for buyers looking west of El Camino Real. Residents enjoy walkable access to Stanford Shopping Center and downtown shopping in Menlo Park and Palo Alto.
Allied Arts Home Sales 2016 Sale Price $8m
$6,250,100
$7m
$6m
$5m
$4m
$3m Median City Median
$2m
$1,650,000
$1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Linfield Oaks Post Office
Wil low Rd
Taft Elem Sch
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Oaks Sch Sp Railroad
Hetch Hetchy
Laurel Elem. School
Willow Oaks Park
Menlo Oaks Average Elem.schooldays on market more than doubled in Linfield Oaks from 2015 levels, and the median Ba price held price droppedGerman-american 13%. The average sale School Of San Francisco ysh o steady, helped by a $3.6 million sale onre Farwylarge lot. nF rancis qu
Library Rec. Center
PO
Palo Mun Golf
Hillview NMiddle E I G H BO R H OO D School
San Fra nci squ ito Cre ek
Nealon Park
El Camino Park
Stanford S C H OO L S Children’s Convalescent Hospital
Encinal Elementary Hillview Middle School Menlo Atherton High Oak Knoll Elementary School
St. Elizabeth Duveneck Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 432 Seton School Eleanor Elementary Pardee (Priv.) School Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Park Cogswell Median Sale Price . . . . . . . . . . . . . . . . . . . $1,790,000 Plaza Average Addison Sale Price . . . . . . . . . . . . . . . . . . $2,102,500 Elem. Library Average School Price/Square Foot . . . . . . . . . . . . . . . $1,126 Art Center Zoo Library City Hall Rinconada Alto Palo Education Walter Average Days on Market . . . . . . . . . . . . . . . . . . . . . 41 Park Medical Johnson Park
Fremont Park
St. Raymond's School (Pvt.)
ito Cree k
H O M E SA L E S DATA F O R 2 015
Burgess Park
Stanford Shopping Center
LS Packard Children's Hospital
Center
Hays Elem. School
Castiilleja School
Jordan Jr. High School
Palo Alto
Terman Middle School
Sr. High School
Linfield Oaks Inventory - 2016
Homes for Sale vs. Closed SalesPeers
Park
Bowden Park
Wallis Park
Cameron Park
Jan
Escondido Elem. School
Feb Mar Apr May
Werry Park
Jun
Jul
Closed Sales El Carmelo Elem. School
Mayfield Park
Weisshaar Park Lucille
Court House
d roa Rail
8 7 6 5 4 3 2 1 0
Sp
Laqunita Lake
Bowling Green Park
Clinic
Hoover Pavilion Hospital
Stanford Stadium
Stanford University Hospital
Stanford University Golf Course
Stanford Hills Park
Mcnair Intermediate Brentwood School Oaks Elem. School San Francisco 49er Academy
Sa
Menlo High School
La Entrada Elementary School
Neighborhood Perspective
Stanford Research Institute
Menlo College
Bell Street Park
Willow Oaks Elem.school
St. Patrick’s Seminary
Nativity School
Sacred Heart Preparatory School (Pvt.)
Veteran’s Administration Hospital
Menlo - Atherton High School
82
St. Joseph's School (Pvt.)
Peninsula School
Encinal Elem. School
Green Oaks Academy
Cesar Chavez Academy Elem Creative Sch Montessori Sch
Garfield Charter Elem Sch Hoover Elem. School
Costano Elementary School
Mid Peninsula High School
101
Wherry cademy
Holbrook Palmer Pk
ad ilro
Ra
W
Mar
Andrew Spinas Park
Sp
illo w
sh R d
Rd
84
82
Aug Sep Oct Nov Dec
Homes for Sale
D
Linfield Oaks is the kind of family-friendly place where it’s not uncommon for an impromptu neighborhood party to break out on a Friday evening. Burgess Park and the adjacent Civic Center provide many services and recreational opportunities for residents. The historic Menlo Park train station is the oldest California station in continuous operation.
Linfield Oaks Home Sales 2016 Sale Price $8m
$7m
$6m
$5m
$3,600,000 $4m
$3m City Median
$2m
Median
$1m
Jan
$1,380,000
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Taft Elem Sch
Post Office
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Fair Oaks Elem Sch Sp Railroad
Wil low
Andrew Spinas Park
Rd
Mar sh
W illo w
R
Rd
Felton Gables
Hetch Hetchy
Mid Peninsula High School
101
Wherry Academy
Cesar Chavez Academy Elem C Sch M S
Garfield Charter Elem Sch Hoover Elem. School
Laurel Elem. School
Veteran’s Neighborhood Perspective Peninsula Administration
School were sold Hospital Only two homes in 2016 in this smallest of Menlo Park neighborhoods. It isn’t often that Willow Oaks Menlo - Atherton Elem.school homes in Felton Gables come on the market, and High School Menlo Oaks available. they usually sell quickly when they become
Encinal Elem. School
Holbrook Palmer Pk
Nativity School
Menlo College
St. Joseph's School (Pvt.)
H O M E SA L E S DATA F O R 2 015 Stanford German-american Research Number of homes . . . . . . . . . . . . . . . . . . . . . . . . .School 103 Of San Fran Institute
Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Median Sale Price . . . . . . . . . . . . . . . . . . . $3,400,000 Library Rec. Center Average Sale Price . . . . . . . . . . . . . . . . . . $3,400,000 Burgess Average Price/Square Foot . . . . . . . . . . . . . . . $1,168 Park St. Elizabeth Johnson Average Days on Market . . . . . . . . . . . . . . . . . . . . . 20 School Seton
82
Menlo High School
Elem.school
Willow Oaks Park
St. Patrick’s Seminary
PO
Fremont Park
Park
(Priv.)
St. Raymond's School (Pvt.)
Hillview Middle School
Oak Knoll Elementary School
Hills Park La Entrada
Nealon Park
San Fra nci squ ito Cre ek
N E I G H BO RSacred H OO D S C H OO L S Heart Preparatory Encinal Elementary School (Pvt.) Hillview Middle School Menlo Atherton High
El Camino Park
Homes for Sale vs.Center Closed Sales Stanford Children’s Convalescent Hospital
Hoover Pavilion Hospital
Library City Hall
Palo Alto Medical Clinic
Addison Elem. School
Z
Bowling Green Park Castiilleja School
LS Packard Children's Hospital Stanford Jan University Feb Mar Apr May Hospital
E P P
Cogswell Plaza
Stanford Felton Gables Inventory - 2016 Shopping
8 7 6 5 4 3 2 1 0
Bell St Park
Palo Alto
Jun
Jul
Aug
Sr. High School Closed Sales Stanford StadiumOct Nov Dec Homes for Sale Sep Peers Park
Walte Hays Schoo
Tucked away on the border of Atherton, Felton Gables is a hidden gem, unknown even to many Menlo Park residents. Most homes were custom-built in the 1930s and 40s on the former estate of Senator Charles Felton. In recent years, many homes have been remodeled or rebuilt. Residents enjoy a “secret� path to the adjacent Holbrook Palmer Park.
Felton Gables Home Sales 2016 Sale Price $8m
$7m
$6m
$4,500,000 $5m
$4m Median
$3m City Median
$2m
$2,300,000 $1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Menlo Oaks
illo Rd low
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood Pk County
Wil
Hetch Hetchy
Mid Peninsula High School
101
Laurel Elem. School Encinal Elem. School
Veteran’s Administration Hospital
Menlo High School
Menlo Oaks Elem.school
Willow Oaks Park
San Francisco 49er Academy
Stanford Research Institute
German-american School Of San Francisco
St. Elizabeth Seton School (Priv.)
Johnson Park
San Fra nci squ ito Cre ek
Fremont Park
Addison Elem. School
El Camino Park
Center
Palo Alto Medical Clinic
Hoover Pavilion Hospital
Walter Hays Elem. School
Terman Middle School
l
ana
gC
rlin
Peers Park
Wallis Park
Court House
y Dr
ek Cre
Closed Sales
El Carmelo Elem. School
Mayfield Park
Library
82
Feb Mar Apr May
Weisshaar Park
Lucille Nixon
Shoreline View Par
Bowden Park
d roa
Cameron Park
101 al an
Ste
Homes for Sale vs. Closed Sales
8 7 6 5 4 3 2 Escondido 1 Elem. School 0 Werry Park Jan
C an
gC
Menlo Oaks Inventory - 2016
Sr. High School
Stanford Stadium
ero
rlin
Palo Alto
Jordan Jr. High School
Rail
Laqunita Lake
Bowling Green Park
tad
Rinconada Education Park Center
Sp
Stanford University Golf Course
Art Center
Zoo
Ste
Stanford University Hospital
Eleanor Pardee Park
Castiilleja School
Children's Hospital
Knoll entary hool
r
Sa
PA Duck
wy Pond nF Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 570 rancis quit o Cree k Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Median Sale Price . . . . . . . . . . . . . . . . . . . $3,300,000 Duveneck Elementary School Average Sale Price . . . . . . . . . . . . . . . . . . . $3,374,144 Average Price/Square Foot . . . . . . . . . . . . . . . $1,228 Library Average Days on Market . . . . . . . . . . . . . . . . . . . . . 21
Cogswell Plaza
Stanford N E I G H BO R H OO D S C H OO L SCity Hall Library Shopping
Laurel Elementary Stanford Children’s Hillview Middle School Convalescent Hospital Menlo Atherton High LS Packard
Palo Alto Municipal
B
eF
Burgess Park
Nealon Park
Palo Alto Airport
H O MayshEor SA L E S DATA Golf F OCourse R 2 015
Library Rec. Center
PO
St. Raymond's School (Pvt.)
Bell Street Park
Sa
82
Prices in Menlo Oaks held steady in 2016 with houses selling an average of 3 weeks after coming on the market. The neighborhood represents a Mcnair diversity of price points with opportunities ranging Intermediate Brentwood School Oaks Elem. $1.43 million to $6.85 this past year. from School
Willow Oaks Elem.school
St. Patrick’s Seminary
Neighborhood Perspective
May field Slough
enlo llege
Green Oaks Academy
Cesar Chavez Academy Elem Creative Sch Montessori Sch
Menlo - Atherton High School
Nativity School
ph's (Pvt.)
Peninsula School
Costano Elementary School
Ma
Post Office
brook mer Pk
ad
ilro
Ra
W
Mar
Sch
Sp
w
sh R d
Rd
84
Jun
Jul
Aug Sep Oct Nov Dec
Homes for Sale
Tree-lined streets with no sidewalks give Menlo Oaks a rural feel. The area includes Vintage Oaks, a family-friendly neighborhood developed in the 1990s on land formerly owned by neighboring St. Patrick’s Seminary. Residents enjoy the larger size lots and peaceful location, without sacrificing the convenience of nearby shopping and dining.
Menlo Oaks Home Sales 2016 Sale Price $8m
$7m
$6,850,000
$6m
$5m
$4m Median
$3m City Median
$2m
$1,430,000
$1m
Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
The Willows Rd
84
Wil low
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood Pk y Count
Hetch Hetchy
Veteran’s Administration Hospital
Peninsula School
Bell Street Park
Willow Oaks Elem.school Menlo Oaks Willow Elem.school Oaks Park
St. Patrick’s Seminary
German-american School of San Francisco
Neighborhood Perspective
The median price in The Willows declined 7% Mcnair compared to the previous year. Houses inIntermediate 2016, Schoolon the market a few more days than in 2015 Brentwood stayed Oaks Elem. School– 23 in 2016, compared with 18 days in 2015. The Palo Alto San Francisco family-friendly neighborhood remains a great entry Airport 49er Academy Palo Alto Ba Municipal point into Menlo Park. y sh
Golf Course
or eF
nF rancis H O M E quit o Cree k
Sa
Cre ek
tanford Research nstitute
s cent
Green Oaks Academy
Cesar Chavez Academy Elem Creative Sch Montessori Sch
Atherton hool
tanford hopping enter
Costano Elementary School
Mid Peninsula High School
101
urel em. School
ad
ilro
Ra
Rd
W illo w
Sp
St. Elizabeth Seton School (Priv.)
Johnson Park
Eleanor Pardee Park
Cogswell N E I G H BO R H OO D S C H OO L S Plaza
Laurel Elementary El Camino Park Middle School Hillview Library Menlo Atherton High City Hall
Palo Alto Medical Clinic
Hoover Pavilion Hospital
Addison Elem. School
Bowling Green Park Castiilleja School
Library Art Center
Education- 2016 TheWalter WillowsRinconada ParkInventory Center
Hays Elem.
Homes Schoolfor Sale vs. Closed Sales
16 14 12 10 8 6 4 2 Peers 0
Park Jan
Jordan Jr. High School
Terman Middle School g rlin
nal
Ca
Ste
101 al an
Sr. High School
Stanford Stadium
Number of homes . . . . . . . . . . . . . . . . . . . . . . . 1,201 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 DuveneckSale Price . . . . . . . . . . . . . . . . . . . $1,850,000 Median Elementary Average School Sale Price . . . . . . . . . . . . . . . . . . . $1,955,762 Average Price/Square Foot . . . . . . . . . . . . . . . $1,220 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 23
gC
Palo Alto
y L E S DATA F O R 2 015 SA
rlin Ste
ckard ren's ital
Zoo
PA Duck Pond
rw
Homes for Sale Closed Sales Feb Mar Apr May Bowden Park
Jun
Jul
Aug Sep Oct Nov Dec
The Willows is one of the most family-friendly areas of Menlo Park. Known for its ambling, tree-shaded lanes, proximity to Burgess Recreation Center, downtown Palo Alto, and local shops and markets, it has grown in popularity with the rise of the tech workforce. Most homes are post-war ranchers on average size lots creating a close sense of community.
The Willows Home Sales 2016 Sale Price $8m
$7m
$6m
$5m
$3,850,000 $4m
$3m City Median Median
$2m
$1m
$972,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Flood Park
Sp
ad ilro
Ra
W
Mar
illo
w
sh R d
Rd
84
Neighborhood Perspective
The number of sales in 2016 was the same as the previous year, and average price per square foot Costano Elementary continued to rise. Days on market for homes in School Hetch Hetchy Flood Park remained among the lowest in Menlo Mid Peninsula High School Oaks at attractive price Park as properties soldGreen quickly Academy points. Cesar Chavez Rd
Post Office
Wil
low
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Academy Elem Creative Sch Montessori H O M E SA L E S DATA F O R 2 015 Sch
Laurel Elem. School Encinal Elem. School
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 784 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Veteran’s Administration Median Sale Price Bell . . . . . . . . . . . . . . . . . . . $1,605,000 Street Hospital Park Average Sale $1,640,440 101Price . . . . . . . . . . . . . . . . . . Mcnair Willow Oaks Average Price/Square Foot . . . . . . . . . . . . . . . Intermediate $1,120 Elem.school School Brentwood Days on Market . . . . . . . . . . . . . . . . . . . . . 20 Menlo Average Oaks Oaks Elem.
Peninsula School
Menlo - Atherton
N E I G H BO R H OO DHigh S CSchool H OO L S
Encinal Elementary Laurel Elementary Nativity School Hillview Middle School Menlo Atherton High
Menlo High School
Stanford Research Institute
Library Rec. Center
PO
Burgess Park
. Raymond's hool (Pvt.)
Nealon Park
San Fra nci squ ito Cre ek
Fremont Park
Stanford Shopping Center
School
German-american
School Of San Francisco Flood Park Inventory - 2016
8 7 6 5 4 3 2 1 0
Ba
ysh
Homes for Sale vs. Closed Sales
El Camino Park
San Francisco 49er Academy
nF rancis qu
or eF
rw
Sa
82
Elem.school
Willow Oaks Park
St. Patrick’s Seminary
St. Elizabeth Seton School (Priv.)
Johnson Park Cogswell Plaza
Jan
Feb Mar Apr May Library City Hall
Jun
Addison Elem. School
Jul
Duveneck Elementary Homes for Sale School
Eleanor Pardee Park
Closed Sales
Aug Sep Oct Nov Dec Zoo
y
ito Cree k
Library Art Center
Rinconada
This area includes the neighborhoods of Suburban Park, Lorelei Manor and the Flood Park Triangle – all friendly, active neighborhoods that are popular entry points into the Menlo Park market. Homes in these neighborhoods have easy access to Marsh Manor shopping, local commute routes, and of course, the popular grounds of Flood Park.
Flood Park Home Sales 2016 Sale Price $8m
$7m
$6m
$5m
$4m
$3m
$2,215,000 City Median
$2m
Median
$1m
$1,225,000 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Belle Haven
84
illo Rd
H O M E SA L E S DATA F O R 2 015
Green Oaks Academy Cesar Chavez Academy Elem Creative Sch Montessori Sch
Bell Street Park Mcnair Intermediate Brentwood School Oaks Elem. School San Francisco 49er Academy
Menlo Oaks Elem.school
Stanford Research Institute
German-american
N E I G H BO R H OO D S C H OO LSchool S Of San Francisco Library Rec. Center
Burgess Park
Johnson Park
remont Park
San Fra nci squ ito Cre ek
Nealon Park
Stanford Shopping Center
Stanford Children’s Convalescent Hospital
St. Elizabeth Seton School (Priv.)
Eleanor Pardee Park
Cogswell Plaza
Library City Hall
Hoover Pavilion Hospital
Palo Alto Medical Clinic
Belle Haven Inventory - 2016 Library Art Center
16 Rinconada Education 14 Park Center 12 Terman Jordan Middle Jr. High School 10 School 8 6 4 Bowden 2 Park 0 Jan Feb Mar Apr May
W
ek Cre
101 al
y Dr
Shoreline at Mountain View Park
Shoreline Golf Course
Jun
Jul
Aug Sep Oct Nov Dec
El Carmelo Elem. School Library
82
st Charle
Mayfield Park
gh
lou
nS
ma
an
Court House
ad
Wallis Park
ro Rail Sp
Werry Park
l C ana
gC
Peers Park
Cameron Park
ero
rlin
Stanford Stadium
l
ana
gC
rlin
Ste
Sr. High School
nford versity f urse
tad
his
Ste
Palo Alto
Escondido Elem. School
y
Duveneck Elementary School
Zoo
Bowling Green Park
Laqunita Lake
PA Duck Pond
rw
Walter Hays Elem. School
Castiilleja School
LS Packard Children's Hospital
or eF
ito Cree k
Homes for Sale vs. Closed Sales
Addison Elem. School
El Camino Park
ysh
nF rancis qu
Sa
Belle Haven Elementary (TK-8) Menlo Atherton High School
Ba
San Francisco Bay
Palo Alto Airport
Palo Alto Municipal Golf Course
nV
Willow Oaks Park
lou gh
101
Mt
Veteran’s Administration Hospital
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 960 Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Median Sale Price . . . . . . . . . . . . . . . . . . . . $900,000 Average Sale Price . . . . . . . . . . . . . . . . . . . . $916,868 Average Price/Square Foot . . . . . . . . . . . . . . . . $736 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 29
iew S
Wil
Mid Peninsula High School
Willow Oaks Elem.school
St. Patrick’s Seminary
Nativity School
Costano Elementary School
Hetch Hetchy
Ma
Peninsula School
Menlo - Atherton High School
Stanford University Hospital
ad
ilro
Ra
May field Slough
Encinal Elem. School
low
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Laurel Elem. School
PO
Prices in Belle Haven showed a 14% increase over the prior year, though the average number of days on market increased from 20 to 29. The price per square foot remains more than 35% below the rest of the city.
W
Mar Post Office
d's .)
Sp
w
sh R d
Rd
Neighborhood Perspective
on Rd
Homes for Sale Closed Sales
First developed in the 1930s, the Belle Haven neighborhood includes the portion of Menlo Park to the north and east of highway 101. One of the most affordable entry points into Silicon Valley real estate, the area has seen massive change in recent years with the arrival of Facebook headquarters and the tech workforce that comes with it.
Belle Haven Home Sales 2016 Sale Price $8m
$7m
$6m
$5m
$4m
$3m City Median
$1,400,000
$2m
Jan
Median
$512,000
$1m
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
Taft Elem Sch
Post Office
Fair Oaks Elem Sch Sp Railroad
Library
Neighborhood Perspective Kelly Park Beechwood Belle
Elem. Sch. Haven The median sale prices increased 15% in North Elem. Market Place Hetch Het Sch. Fair Oaks inFlood 2016. The neighborhood remains an Park Mid Peninsula Pk Countypoint accessible entry to Menlo Park real estate. High School 101 One outlier sale hit early in the year: a 5,000 Cesar C square foot home on a large lot at the end of a cul Academy Sch de sac that sold in 2 days for $3.58 million.
Wherry Academy Garfield Charter Elem Sch Hoover Elem. School
H O M ELaurel SA L E S DATA F O R 2 015 Elem. School
Holbrook Palmer Pk
Encinal Elem. School
N E I G H BO R H OO D S C H OO L S
Selby Lane Elementary Garfield Elementary Kennedy Middle School Menlo Atherton High
Nativity School
Menlo College
Stanford Research Institute
German-a School O
82 Fair Oaks Inventory - 2016 North Library
Menlo Homes PO for High School
Rec. Center Sales Sale vs. Closed
San Fra nci squ ito Cre ek
Center
Hillview Middle
Veteran’s
Peninsula Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 897 Administration School Hospital Homes Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Willow Oaks Median Price . . . . . . . . . . . . . . . . . . . $1,260,000 Menlo -Sale Atherton Elem.school High School Average Sale Price . . . . . . . . . . . . . . . . . . Menlo $1,352,049 Oaks Elem.school Willow Average Price/Square Foot . . . . . . . . . . . . . . . . $822 St. Patrick’s Oaks Park Seminary Average Days on Market . . . . . . . . . . . . . . . . . . . . . 24
Burgess 16 Park St. Joseph's 14 School (Pvt.) 12Fremont 10 Park Sacred Heart 8 St. Raymond's Preparatory Nealon School 6 (Pvt.) School (Pvt.) Park 4 2 0 Stanford Jan Feb Mar Apr May Jun ShoppingJul
Las Lomitas
low
Andrew Spinas Park
Wil
Hoover Park over m Sch
Rd
Mar
sh R d
North Fair Oaks
Stanford Children’s
St. Elizab Seton Sc (Priv.)
Johnson Park
Homes for Sale
Cogswell Plaza
Closed Addison Sales Elem.
El Camino Park
Aug Sep Oct Nov Library Dec City Hall
Hoover Pavilion
Palo Alto Medical Clinic
School
Bowling Green Park
North Fair Oaks is an eclectic neighborhood that includes 1930’s bungalows, 1950’s ranchers, and newly built homes. Located on the eastern side of Menlo Park, the area is in unincorporated San Mateo County. Traffic calming features make it a safe, walkable neighborhood. Abundant mature trees contribute to the pleasant feeling of the neighborhood.
North Fair Oaks Home Sales 2016 Sale Price $8m
$7m
$6m
$5m
$3,580,000 $4m
$3m City Median
$2m Median
$1m
$512,500 Jan
Feb
Size Index
Mar
Apr
May
Jun
Jul
Bubble area reflects the property size index, which takes into account both the house size and lot size of each property. The highest and lowest sales for the year are highlighted.
Aug
Sep
Oct
Nov
Dec
Off-market sales are drawn from our proprietary database of private sales. See the inside front Off Market cover for more details. MLS Sale
Jan
SOTHEBY'S REACHES THE RIGHT BUYERS Menlo Park Buyers are Unique
Menlo Park home buyers belong to the top 10% income class in the country. Sotheby’s International Realty’s marketing approach is designed to reach these buyers where they go for information, purchasing and entertainment. High value real estate demands a high income buyer. Most Menlo Park homes sell in this range...
$800k
$3.5m
which means buyers’ incomes should be in this range... $160K
$500K
putting them in the top 10% of households in the U.S. Where are these high income buyers?
Sotheby’s reaches high net worth, high income buyers where they are.
ONLINE
AROUND THE WORLD
READING SOPHISTICATED PUBLICATIONS
Web Exposure Like No Other
Annually, sothebysrealty.com receives millions of visitors from all over the world. ANNUAL EXPOSURE ON SIR.COM (2016)
MORE WEBSITE VISITS
21 million
sothebysrealty.com receives more than five times the visits of other luxury real estate websites
WEBSITE VISITS
sothebysrealty.com
75 million
22,109,379
christiesrealestate.com
PAGE VIEWS
45 million
PROPERTY DETAIL PAGES VIEWED
3,793,709
luxuryrealestate.com
1,978,412
luxuryportfolio.com
1,760,483 0M
5M
10M
15M
20M
25M
Data from SimilarWeb for the 12 month period from Feb 2016 to Jan 2017
Group traffic share by country (top 10 non-U.S.) A Global Audience
More than half of visitors come from outside the United States. SHARE OF GLOBAL TRAFFIC for top 10 countries outside of U.S. sothebysrealty.com luxuryrealestate.com christiesrealestate.com luxuryportfolio.com
A Sophisticated Readership
Sotheby's International Realty properties are in the publications that high net worth buyers read most. Publication New York Times
Canada UK France
$160,518
Architectural Digest
$102,500
Bloomberg
Brazil
Hearst
Spain Italy Sweden Belgium Netherlands 0%
20%
40%
Data from SimilarWeb
60%
80%
$74,083
Wall Street Journal
Dwell
Germany
Median Household Income (US)
$82,250 $271,528 $95,747
Financial Times
$251,706
SCMP
$200,000
PropGOLuxury
$235,000
About Us In early 2017, Golden Gate Sotheby’s International Realty brought together two very successful independent brokerages, each with a reputation for excellence in their local markets. Dreyfus Sotheby’s International Realty, serving the Silicon Valley and mid-Peninsula region, and Decker Bullock Sotheby’s International Realty in Marin County. Soon after, it was announced that a third brokerage, Bay Sotheby’s International Realty, would merge with Golden Gate Sotheby’s International Realty to expand the company’s reach into the East Bay region. The increasingly mobile and global marketplace has added a demand for our deep local expertise to be communicated with a regional, national and international audience as buyers come to the Bay Area from all over the world. embedded in the community
Our inspiration comes from deep involvement and care for the communities we serve. Real estate has always been hyper-local, and always will be. We live and work here. We have insider knowledge of homes available both publicly and privately, and advantageous real-time information on local pricing. We see ourselves as community caretakers and do all we can to help our friends and neighbors make living here a rich experience.
regional connection
The regional strength of Golden Gate Sotheby’s International Realty complements the deep local expertise of our agents with broader regional market knowledge and connection. Golden Gate Sotheby’s International Realty is an entry point to living in the Bay Area, just as the Golden Gate is the gateway to California. international reach
The global platform of Sotheby’s International Realty, combined with our local expertise and understanding of the region, afford our clients the best of local and international representation and exposure. The Sotheby’s International Realty network includes over 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide.
Golden Gate Sotheby’s International Realty 640 Oak Grove Avenue Menlo Park, California 94025
650.847.1141 GoldenGateSIR.com
Copyright ©2017 Golden Gate Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Each office is independently owned and operated. MenloPark-2017.1