Within recent months, a number of properties (buildable lots) both in Atherton and Menlo Park have sold with multiple offers. Two recent West Atherton sales include properties on Atherton Ave and Elena, both with 3-5 offers. A significant number of homes have sold "off the MLS" in west Atherton this year. So if you're checking all the on-line data, please make sure to talk with us as well because there are definitely "private market" opportunities. Another sign of the high demand and low supply in Menlo Park is the most recent sale in Allied Arts - 12 offers, 11 over asking price! But more importantly was the above-market price at which this property sold and the fact that 4 of the offers were close to the eventual winning bid. This most recent sale may be an indicator that land values are once again on the rise in Menlo Park.
Tags
About The Author
