Atherton Single Family Residences Report by Golden Gate Sotheby's International Realty

Atherton SINGLE FAMILY RESIDENCES

2015 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 both house size and lot 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.

1Q min

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. Dreyfus 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 offmarket 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.

Atherton SINGLE FAMILY RESIDENCES

The state of the single family residence market in one of the worldâ&#x20AC;&#x2122;s most prestigious housing marketplaces. 2015 DATA ANALYSIS

Atherton

Beginning in the flatlands, then moving westward to the hills by Highway 280, Atherton is noted for its heritage trees and park like setting. With its picturesque streets and average lot size of one acre, Atherton residents cherish their small, quiet community. This serene atmosphere has consistently made Atherton one of the most sought after and most expensive addresses in the country. In the mid-1800â&#x20AC;&#x2122;s, the town of Atherton originated as a place for summer homes of wealthy pioneering San Francisco families. Some of the most notable streets are named after the original distinguished residents, such as Faxon Dean Atherton and Thomas Selby. The spirit of innovation, entrepreneurship, and philanthropy still define the townâ&#x20AC;&#x2122;s residents of today as it has done for over 200 years. Atherton is conveniently situated minutes from the downtown Menlo Park shopping district and just a short drive from the bustling downtowns of Palo Alto and Redwood City. Several private schools call Atherton home and the private Menlo Circus Club provides a swim, tennis, and equestrian venue for local residents. Despite its small size, the town has abundant open space and has its own library and community facilities, including the beautiful Holbrook-Palmer Park. Over the years, the prestigious Town of Atherton has managed to preserve its charming character as a world apart, in the heart of Silicon Valley.

$7 million

CHANGE F RO M 2 014

ATH E RTO N S U M M A RY

Number of homes: 3,447 Homes sold in 2015: 78 Median sale price: $5.75m Average sale price: $7.15m Average price/sq ft: $1,390 Average days on market: 49

$6 million

-17.0% +30.7% +27.0% +21.6% +3.6%

Sept 2008: Sub-prime bubble bursts

$5 million

Jan 2012: Start of the Unicorn Run

$4 million

$3 million

Feb 2004: End of the dot.com bust

$2 million

The graph of median prices for Atherton (2002– 2015) reflects three housing cycles. The first – the dot.com crash of 2000 – is seen reaching a bottom in 2004. 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, resulted in a doubling of prices.

*Graph shows 6 month rolling average

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Rd illo w W

Atherton Neighborhoods 101

LINDENWOOD MIDDLEFIELD TO EL CAMINO

WEST ATHERTON

280

WEST OF ALAMEDA

Atherton Home Sales by Neighborhood - 2015 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.

$4m

Lindenwood Middlefield to El Camino

$12m

$16m

$20m

$24m

$28m

$32m

$36m

$8.34m

West Atherton West of Alameda

$8m

$5.58m

$5.30m

$3.39m

$4m

20 $8m

$12m

$16m

$20m

$24m

$28m

$32m

$36m

See page 2 for a more detailed explanation of box-and-whisker plots.

280

Atherton Lot Sizes

Lot Size Distribution by Neighborhood DISTRIBUTION BY NEIGHBORHOOD ¼ acre

NEIGHBORHOOD

½ acre

¾ acre

1 acre

1¼ acres

1½ acres

1¾ 2 acres acres

2¼ acres

2½ acres

2¾ 3 acres acres

342 lots

Lindenwood 74 13

Middlefield to El Camino

161 105 57

376 248

West Atherton 86

8 lots over 3 acres

163 lots between 1 acre and 1¼ acres

West of Alameda

8 lots less than ¼ acre

163

¼ acre

3 ½ acre

¾ acre

1 acre

27 1¼ acres

9 1½ acres

Atherton Schools

1¾ 2 acres acres

8 2¼ acres

2½ acres

Data provided from local county tax assessors offices. We believe data to be correct but have not independently verified the information and assume no legal responsibility for its accuracy.

For kindergarten through 8th grade, Atherton students belong primarily to either the Menlo Park or Las Lomitas School District, with some areas aligned with the Redwood City School District. Atherton is part of the Sequoia Union High School District, which includes Menlo Atherton, Woodside and Sequoia High Schools. Many families choose private schools from the numerous excellent alternatives in the area, including St. Raymond’s, Trinity, Nativity, Phillips Brooks, Sacred Heart, Menlo School, and others. District websites Menlo Park: district.mpcsd.org Las Lomitas: llesd-ca.schoolloop.com Sequoia Union: www.seq.org

2¾ 3 acres acres

Lindenwood

5th

Av e

illo

Mar sh

low

Wil

Menalt

Av e

Johnson Park

ays h

rsi

Lindenwood Inventory - 2015

Ne wel lR

Channing Ave

Homes for Cogswell Sale vs. Closed Sales

Plaza 8 El Camino 7 Park 6 5 4 Arb 3 ore t2um R 1 d 0 Jan Feb Mar Apr May

dd le

dero

arca Emb

l eaal RRe

Jun

fie

W ave r

y Aug Sep St Oct Nov Dec

Jul Al

Homes for Sale

Lincoln Ave

ive

342

rel S

Burgess ParkAlm a

Lau

Closed Sales

San t

Number of single family homes . . . . . . . . . . . . . . . . . . 494 Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Ba ysh or Median Sale Price . . . . . . . . . . . . . . . . . . . . . . . $5,300,000 A d n eF a l d rw o o Average Sale Price . . . . . . . . . . . . . . . . . . . . . . $5,779,462 y W Hamilton Av Average Price/Square Foot . . . . . . . . . . . . . . . . . . . $1,264 e Average Days on Market . . . . . . . . . . . . . . . . . . . . . . . . . 38

no mi CCa EEl l

Hillview2-1/4 to 2-1/2 acre 2 Middle School 2-1/2 to 2-3/4 acre

Or eg on

2 to 2-1/4 acre 1

St. Patrick’s Seminary

vez S t

ruz

Av e

1-3/4 to 2 acre 2

Okeefe

H O M E SA L E S DATA F O R 2 015

ara

1-1/2 to 1-3/4 acre 2

Val p

woo d

Oak

Ring

Gle

iso

Av e

St. Joseph’s 1/4 to 1/2 acre 5 School (pvt) 1/2 to 3/4 Fremont acre 13 Park acred Heart 3/4 to 1 acre Preparatory St. Raymond's chool (pvt) 1 toSchool 1-1/4(Pvt.) acre 74Nealon Park 1-1/4 to 1-1/2 acre 13

3 acres +

n Av e

Rav ens wo od

nw oo dA ve

abe lla A ve

Menlo Lot Sizes Lindenwood High School<1/4 acre 1

2-3/4 to 3 acre

Peninsula School

ema

Menlo Atherton High School

Nativity School

Ave

Gro ve A ve

Jam

rO Fai

Encinal Elementary School

Holbrook Palmer Pk

Col

Laurel Elementary School

aks

Elem.

Palm

Av e

University Ave

Lindenwood offers some of the best value for land in Atherton at approximately $5 million per acre, Bay Rd compared with up to $10 million per acre in parts of West Atherton, depending on the location. With fairly uniform property sizes – most lots are a “Lindenwood acre” – the range of sale prices stayed consistent throughout the year.

Av e

rsh

Neighborhood Perspective

101

s Dr

o Ave

Flood County Pk

noak

Wil

Ave ilton m a H Ivy Dr

15th Ave Gree

low

ale

Bay

lor

Linden Towers originally stood at the center of Lindenwood. An opulent mansion completed by silver tycoon James C. Flood in 1880, the estate boasted gorgeous gardens, arbors, orchards and majestic heritage trees, many of which still stand today. Some other artifacts remain: huge urns, fountains, statues, quaint streetlights and dramatic columns.

Lindenwood Area Home Sales 2015 Sale Price $35m

$30m

$25m

$20m

$15m

$10m

$7,625,000 City Median

Median

$5m

$3,480,000

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

5th

Av e

illo

Mar sh

Middlefield to El Camino

Av e es

Laurel Houses Elementary School Ave

Stanford

dA ve

2-3/4 to 3 acre

Jan

ley

Feb Mar Apr May 3 acres +

Jun

Closed Sales Jul

Aug Sep Oct Nov Dec

Serra

Homest for Sale ma

2-1/2 to 2-3/4 acre

Ne w

Lincoln Ave

Av e

rsi

ive

2-1/4 to 2-1/2 acre 2

W ave r

ale

San t

ll Hi

Av yA ve

La Entrada Elementary School

Oak Knoll Elementary School

fie

ero R

arcad

Emb

Al St

2 to 2-1/4 acre 1

Galve z

2-1/2 to 2-3/4 acre

1-3/4 to 2 acre 2

1-1/4 to 1-1/2 acre Ar13 bor e 1-1/2 to 1-3/4 acre 2 tum R

Palm

2-1/4 to 2-1/2 acre

3 acres +

dd le

l eaal RRe

2 to 2-1/4 acre

8 7 6 5 4 3 2 1 0

no mi CCa EEl l

1-3/4 to 2 acre

2-3/4 to 3 acre

Homes foracreSale vs. 1 to 1-1/4 74 Closed Sales

ruz

Av e

105 15Hillview 5 Middle School 1

1-1/2 to 1-3/4 acre

El Camino Park

Middlefield - 2015 3/4 to 1 acre to El Camino Inventory 342

1 to 1-1/4 acre

Cogswell Plaza

Nealon Park 1/4 to 1/2 acre 5 1/2 to 3/4 acre 13

rai so

3/4 to 1 acre 1-1/4 to 1-1/2 acre

St. Raymond's School (Pvt.)

Val pa

1/2 to 3/4 acre

161

Av e

1/4 to 1/2 acre

Preparatory 57 <1/4 acreSchool (pvt)

Av e

Fremont

e Park Lot Sizes Middlefield to El Camino Heart Sacred

Palo

d la

oo Number of single family homes W . . . . . . . . . . . . . . . . 1,478 on Av Hamilt Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 e Lau rel Median Sale Price . . . . . . . . . . . . . . . . . . . . . . . $3,387,500 Burgess St ParkAlm Average Sale Price . . . . . . . . . . . . . . . . . . . . . . $3,663,300 aS Johnson t Park Average Price/Square Foot . . . . . . . . . . . . . . . . . . . $1,216 Lot Sizes Lindenwood Channing Ave Average Days on Market . . . . . . . . . . . . . . . . . . . . . . . . . 17 <1/4 acre 1

Gle nw oo d

St. Joseph’s School (pvt)

H O M E SA L E S DATA F O R 2n015 dA

Via

Seminary

Rav ens wo o

ella Ave Isab

nA ve rto Ath e

Ele

Menalt

woo d

Ring

Menlo Atherton High School Nativity School

Menlo High School

Encinal Elementary School

sold quickly in this area in 2015, with an average of only 17Peninsula days on the market. The diversity of lot School C sizes,olefrom man Lloyden Park lots of 15,000 square feet or Av less, to theeacre-plus lots to the north of the railroad eefe St for tracks, makes this neighborhood a good entryOkpoint Atherton home ownership. St. Patrick’s Wil

low

Gro ve A ve

Fai

fiel

Bay Rd

Neighborhood Perspective

Jam

Mid dle

Holbrook Palmer Pk

haron Hills Park

101

University Ave

s Dr

Ln aks

Hoover Elem. School

Av e

Garfield Charter Rd ular micircSch SeElem 5th

Flood County Pk

noak

rsh

ld WherryRd Academy

low

Gree

fie

Ave ilton m a H Ivy Dr

15th Ave

dd le

Oak

Wil

Fair Oaks Elem Sch

o Ave

Bay

Within walking distance of the Town of Athertonâ&#x20AC;&#x2122;s civic core and Holbrook-Palmer Park, the Middlefield to El Camino area provides easy access to tennis courts, play-structures and open fields where Fourth of July parades, Easter egg hunts, summer music, plays and other community activities are held.

Middlefield to El Camino Home Sales 2015 Sale Price $35m

$30m

$25m

$20m

$15m

$10m

$9,000,000 City Median

$5m

Median

$1,925,000 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

West Atherton

ve eA

low

d rsh R

101

Ave

Menalto

woo d

Ave

man

Menlo Atherton High School

Ring

Neighborhood Perspective

Hillview Middle School

1-1/4 to 1-1/2 acre

1-1/2 to 1-3/4 acre

49 25

2 to 2-1/4 acre

2-1/4 to 2-1/2 acre

2-1/2 to 2-3/4 acre

Stanford

2-3/4 to 3 acre 2 3 acres + 8

i pe

ro S

ale

Galve

err

a B lvd

20 1-1/4 to 1-1/2 acre

Dr pus Cam

a 12

o d er

Ar a s

1/4 to 1/2 acre 5 1/2 to 3/4 acre

342

1 to 1-1/4 acre

1-1/2 to 1-3/4 acre 2 1-3/4 to 2 acre 2

2 to 2-1/4 acre

2 to 2-1/4 acre 1

2-1/4 to 2-1/2 acre

2-1/4 to 2-1/2 acre 2

Jan

Feb Mar Apr May 3 acres +

2-3/4 to 3 acre

3/4 to 1 acre

1-3/4 to 2 acre

4 2-1/2 to 2-3/4 acre 1 0

<1/4 acre 1

1-1/4 to 1-1/2 acre

16 1-1/2 to 1-3/4 acre 5

Homes for Sale

2-1/2 to 2-3/4 acre

Jun

Jul

Palo u

Homes foracreSale vs.105 Closed Sales 1 to 1-1/4

1-3/4 to 2 acre

acre

West Atherton 3/4 to 1 acre 59 Inventory - 2015 Jun

376Hills Park

161

Trinity Episcopal Rd Sand Hill Elem. Sch.

Country Club

1 to 1-1/4 acre

ill R

248

acre

Serra

Pag eM

Sharon Park

3/4 to Sharon 1 acre Heights

Av e

z St

Palm

1/2 to 3/4 acre

<1/4 acre

Stanford 1/4 to 1/2 University Golf Course 1/2 to 3/4

1/4 to 1/2 acre

La Entrada Elementary School

il Lot Sizes dH an

Cam pus

Oak Knoll Elementary School

Via

Av e

<1/4 acre

Av y

Hills Park WestSharon Atherton

fie

Rd Number of single family homes . . . . . . . . . . . . . . . . 1,160 d R A o r r HomesboreSold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 e arcad tum Emb Rd W a v er Median Sale Price . . . . . . . . . . . . . . . . . . . . . . . $8,337,500 ley St Average Sale Price . . . . . . . . . . . . . . . . . . . . . . . $9,581,598 Al ma St Average Price/Square Foot . . . . . . . . . . . . . . . . . . . $1,587 Middlefield El Camino Lot Sizes Lindenwood Average to Days on Market . . . . . . . . . . . . . . . . . . . . . . . . . 65 C l eaal RRe

Lot Sizes

dd le

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Las Lomitas Elementary School

Av e

ruz

lga

Las

M o n t e R os

a te

San t

iso

H O M E SAElLCamino E Park S DATA F O R 2 015

ara

Av e

rsi

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Cogswell Plaza

Nealon Park

Or eg on

Av e

St. Raymond's School (Pvt.)

Val p

Ala

Channing Ave

rid ckb Sto

Fremont Park

Sacred Heart Preparatory School (pvt)

nw oo

Gle

St. Joseph’s School (pvt)

Av e

Ne wel lR

dA ve

Av e on ert Ath

Ele

Seminary This area boasted the highest sale of the year at $35.3 Ba ysh million and one of the highestlanmedian sale prices in or dA eF d rw oo y W the country. Sales in the $5–10 million range on Avthis Hamiltin e Lau rel Burgess St neighborhood tend to be land sales. New construction ParkAlm aS t typically commandsJohnson $15 million and above. Park Lincoln Ave

Menlo School

dA ve

Rav ens wo o

Isab

ella Ave

Nativity School

Okeefe

St. Patrick’s

n by L

Sel

Selby Lane Elementary School

Ford Elementary School

University Ave

Peninsula School

Cole

low R

Gro ve A ve Oak

Laurel Elementary School

Wil

Av e Jam

Fai

Encinal Elementary School Holbrook Palmer Pk

St.NPius im Schoolitz A (Priv.) ve

N or t h g

s Dr

Hoover Elem. School

Woodside High School

Flood County Pk

noak

Bay Rd aks

5th

Gree

Garfield ar Charter Rd icircul Sem Elem Sch

Palm Park

fie

ld WherryRd Academy

Fleishman El Ca Park mi no Linden Re Park al

Ave ilton Ham Ivy Dr

15th Ave

dd le

Av e

Hawes Park

Wil

Jef fer

Bay

Fair Oaks Elem Sch

ve lt A

e West Bay osev Christian Ro e Academy Av od Hawes wo d Elem Sch Re

5th Av e

g St

W illo

Sprin

Ch est nu

so nA ve

Mar sh

t St

Broadway St

St Main

Closed Sales

2-3/4 to 3 acre

Aug Sep Oct Nov Dec 3 acres +

Fo o

thi

ll E

There is no shortage of space and peacefulness in West Atherton. Large lots and lanes without sidewalks contribute to the rural feel. The landscape is evolving, with many of the grand estates and former one-level ranch homes replaced by newer homes of 10,000 square feet or more, often with basements and guest houses.

West Atherton Home Sales 2015 Sale Price $35,300,000

$35m

$30m

$25m

$20m

$15m

$10m Median City Median

$5m

$1,700,000 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

Hoover Elem. School

Encinal Elementary School Holbrook Palmer Pk

Col

P S

ema

la m ed

Menlo Atherton High School

Ring

St.NPius im Schoolitz A (Priv.) ve

Laurel Elementary School woo d Av e

s Dr

Oak

Av e

Va lo

Garfield r Rd ulaCharter micircSch SeElem

5th

e Av ra Ve Roosevelt Elementary School

Palm Park

Fai rO aks L

Hawes Park

dM Re ark P

Flood County Pk

noak

rsh

ld WherryRd Academy

Fleishman El Ca Park mi no Linden Re Park al

fie

West of Alameda to or

Gree

dd le

Gro ve A ve

e Av

sA ve

d oo dw

Christian Academy Hawes Elem Sch

Jam e

John Gill Elem Sch

Gle n

iso Val p

Av e

Neighborhood Perspective Hillview ruz

lga

Las Lomitas Elementary School

ore

Palo

Via

Stanford H O M E SA L E S DATAUniversity F O R 2 015 Golf Course Number of single family homes . . . . . . . . . . . . . . . . . . 315 Jun i pe Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ro Se Laqunita rra Stanford B l v Lake d MedianHillsSale Park Price . . . . . . . . . . . . . . . . . . . . . . . $5,580,000 Dr

k d Cree

West of Alameda

Sharon Park

Trinity Episcopal l Rd Sand Hil Elem. Sch.

Lot Sizes

<1/4 acre

1/4 to 1/2 acre

1/4 to 1/2 acre 1/2 to 3/4 acre

3/4 to 1 acre

163 9

1-3/4 to 2 acre

2 to 2-1/4 acre

2-1/4 to 2-1/2 acre

2-3/4 to 3 acre

3 acres +

1/4 to 1/2 acre

8 to 1-1/2 acre 1-1/4 61 7 1-1/2 to 1-3/4 acre 49 6 1-3/4 to 2 acre 25 5 4 2 to 2-1/4 acre 20 3 to 2-1/2 acre 10 2-1/4 2 2-1/2 to 2-3/4 acre 11 1 0 2-3/4 to 3 acre 2 Jan Feb Mar Apr May 3 acres + 8

1/2 to 3/4 acre

Jul

3/4 to 1 acre

59 105

1-1/4 to 1-1/2 acre

1-1/2 to 1-3/4 acre

1-3/4 to 2 acre

2 to 2-1/4 acre

2-1/4 to 2-1/2 acre

2-1/2 to 2-3/4 acre

Jun

161

1 to 1-1/4 acre

reek os C ranc Los T

to 2-3/4 acre

ek Cre ito

1-1/2 to 1-3/4 acre

ero

Homes for Sale vs. Closed Sales 1 to 1-1/4 acre 376

a s qu

San Fr

n ci

1-1/4 to 1-1/2 acre

West - 2015 3/4 to 1 of acre Alameda Inventory 248

1 to 1-1/4 acre

73 tr

1/2 to 3/4 acre

Average Sale Price . . . . . . . . . . . . . . . . . . . . . . . $7,187,294s Dr u amp Cto West Average AthertonPrice/Square Foot . . . . . . . . . . . . . . . . . . . Lot Sizes Middlefield El Camino $1,421 68 Average Days on Market . . . . . . . . . . . . . . . . . . . . . . . . . 57 <1/4 acre 51 Ar a s

Lot Sizes

M o n t e R os

Sharon Heights Country Club

Serra

Cam pus

o Redwo

Av e

Av y

La Entrada Elementary School

dh ill R

El Cam

mR A higher of homes sold in this part of d Atherton than in any other neighborhood, by a wide margin. This increase in popularity saw older homes give way to newly constructed residences as the median sale d price dipped slightly. a rise in median price Rsee Oak Knoll We may ill H Elementary d n as newer homes begin toSacome on the market. School

Sharon Hills Park

San

Arb

Middle percentage School

Bear Gulch Reservoir

Searsville Lake2-1/2

Av e

Las

Nealon Park

rel S

San t

a te

d eR

280

St. Raymond's School (Pvt.)

ara

Av e

N or t h g

ert

Ath

Hig

Ala

Fremont Park

Sacred Heart Preparatory School (pvt)

Lau

San Fra nci squ ito Cre ek

ge Av e

Woodside High School

d hR

St. Josephâ&#x20AC;&#x2122;s School (pvt)

ckb

rid

Av e

Burgess ParkAlm a

Palm

dA ve

wo o

Menlo Country Club

Rav ens wo

Isab

Av e on Ath er t

Ele

si d e

Menlo School

Sto

d oo W

St. Patrick Seminary Av e

Nativity School

ella Ave

Sel W

Ford Elementary School

Creek

Ma ss

od Redwo Ave tts se hu c a

by Ln

Kennedy Middle School

2-3/4 to 3 acre

Aug Sep Oct Nov Dec 3 acres +

Homes for Sale

Closed Sales

The area between Alameda de Las Pulgas and Highway 280 is characterized by low hills and abundant trees, interspersed with generously sized, well-spaced homes. The neighborhood boasts the privacy of a more rural community, and the views to go with it, while benefitting from the convenience of living in Atherton.

West of Alameda Home Sales 2015 Sale Price $35m

$30m

$25m

$20m

$17,500,000 $15m

$10m

City Median

Median

$5m

$3,350,000

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

SOTHEBY'S REACHES THE RIGHT BUYERS Atherton Buyers are Unique

Atherton home buyers belong to the top 2% 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 Atherton homes sell in this range...

$2m

$10m which means buyers’ incomes should be in this range...

$300K

$1.3M

putting them in the top 2% 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. A N N UA L E X P O S U R E O N S I R .CO M

M O R E W E B S ITE V I S IT S

10 million

sothebysrealty.com receives more than four times the visits of other luxury real estate websites

WEBSITE VISITS

sothebysrealty.com

75 million PAG E V I E W S

25 million

P RO P E RT Y D E TA I L PAG E S V I E W E D

5,802,390

luxuryrealestate.com

1,332,818

christiesrealestate.com

1,194,185 803,877

luxuryportfolio.com 0M

Data from SimilarWeb for the 6 month period from Sept 2015 to Feb 2016

A Global Audience Group traffic share by country (top 10 non-U.S.)

More than half of visitors come from outside the United States. S H A R E O F G LO BA L TR A F F I C for top 10 countries outside of U.S. sothebysrealty.com luxuryrealestate.com christiesrealestate.com luxuryportfolio.com

A Sophisticated Readership

Sotheby's is in the publications that high netsothebysrealty.com worth buyers read most. 5,802,390 luxuryrealestate.com

Publication christiesrealestate.com

1,332,818 Median Household 1,194,185 Income (US)

luxuryportfolio.com New York Times 803,877

$74,083

$0M $1M $2M $3M $4M $5M $6M

Canada UK

Wall Street Journal

$160,518

Architectural Digest

$102,500

Dwell

$82,250

France

Bloomberg

$271,528

Italy

Hearst

$95,747

India

Financial Times

$251,706

SCMP

$200,000

PropGOLuxury

$235,000

Spain Germany Australia Brazil Poland 0%

20%

40%

60%

80%

Data from SimilarWeb for the 6 month period from Sept 2015 to Feb 2016

About Us Dreyfus Sotheby’s International Realty is a local, full service, real estate brokerage specializing in sales and purchases of homes in the midPeninsula/Silicon Valley area. We achieve exceptional sales results for our seller clients using a proprietary Premium Pricing Process fueled by deep local market knowledge.

Dreyfus was selected by Sotheby’s International Realty to manage their business in the finer Peninsula markets of the San Francisco Bay Area and their important luxury real estate clientele. The global platform of Sotheby’s International Realty, combined with our local expertise and understanding of the region, affords Dreyfus Sotheby’s International Our inspiration comes from deep involvement Realty clients the best of local, national, and and care for the communities we represent. international representation and exposure. We live and work here. We have insider Within the Sotheby’s International Realty knowledge of homes available both publicly network, over 150 independent luxury and privately, and advantageous real-time brokerages work together representing more information on local pricing. We see ourselves than $100 billion (usd) in annual real estate as community caretakers and do all we can to sales - by far the most important and successful help our friends and neighbors make living here residential brokerage association in the world. a rich experience.

Dreyfus Sotheby’s International Realty 640 Oak Grove Avenue Menlo Park, California 94025

650.847.1141 dreyfussir.com

Copyright ©2016 Dreyfus 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. Atherton-2015.2