Menlo Park 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 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.
©2016 Dreyfus 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. 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.
Menlo Park SINGLE FAMILY RESIDENCES
The state of the market in one of the world’s most desirable housing marketplaces. 2015 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 recenlty 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 million 2 015 M E N LO PA R K S U M M A RY
Number of Homes: 9,661 Homes sold in 2015: 322 Median sale price: $2.03m Average sale price: $2.29m Average price/sq ft: $1,104 Average days on market: 18
$1.75 million
CHANGE F RO M 2 014
-8.5% +8.0% +10.4% +13.3% -9.4%
$1.5 million
Jan 2012: Start of the Unicorn Run
$1.25 million Sept 2008: Sub-prime bubble bursts
$1 million
The graph of median prices for Menlo Park (2002-2015) 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 2005 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
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 - 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. See page 2 for a more detailed explanation of box-and-whisker plots.
$1m
$2m
$3m
Central Menlo Menlo Oaks
$6m
$7m
$8m
$9m
Los Altos 19 280
$2.60m
Alpine Road
35
Los Altos Hills
3
$2.31m
Felton Gables
9
$2.30m
Allied Arts
33
$2.15m
University Heights
60
$2.06m
Linfield Oaks
16
$2.00m
The Willows
51
$1.52m
Flood Park
30
$1.10m
49
$0.79m
$1m
Sales
60
$2.75m
Sharon Heights
Belle Haven
$5m
$3.34m
Portola Valley
North Fair Oaks
$4m $3.60m
35 $2m
$3m
$4m
$5m
$6m
$7m
$8m
$9m
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) · API Score: 948 La Entrada (4–8) · API Score: 968 Alpine Road Area, Sharon Heights, University Heights M E N LO PA R K
Oak Knoll (K-5) · API Score: 955 Allied Arts, Central Menlo Encinal (K-5) · API Score: 932 Allied Arts, Linfield Oaks, Felton Gables, Flood Park Laurel (K-5) · API Score: 914 Menlo Oaks, Flood Park, The Willows Hillview (6-8) · API Score: 943 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) · API Score: 715 Garfield (K–5) · API Score: 671 Kennedy Middle (6–8) · API Score: 723 Fair Oaks R AV E N S WO O D
Belle Haven Elementary (TK-8) · API Score: 677 Belle Haven H IG H SC HOOL Menlo Atherton High · API Score: 811 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
Court House
d roa
Rail
Laqunita Lake
Stanford Hills Park
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 2015, one of them off-market. When they Lucille do sell, they go quickly, lasting an average of only 11 Nixon Barron School Park days on the market last year.
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 in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Median Sale Price . . . . . . . . . . . . . . . . . . . $2,595,000 Veterans Hospital Average Sale Price . . . . . . . . . . . . . . . . . . $2,331,667 Average Price/Square Foot . . . . . . . . . . . . . . $1,582 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 Area Inventory - 2015
lt C
k ree
8 7 6 5 4 3 2 1 0
Homes for Sale vs. Closed Sales
City Hall
Jan
Feb Mar Apr May
Jul
Aug Sep Oct Nov Dec
280
Pu r is
Homes for Sale 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 Home Sales 2015 Sale Price
$8m
$6m
$4m
$2,700,000 Median
$2m
City Median
$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
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 has realized continued year-over-year growth since 2011 up until 2015 when the median sales price flattened, then slightly declined. ThoughCameron not Park Laqunita includedLakein this report, condominiums and townhouses Mayfield Escondido make up over half of home sales. In 2015, medianPark Elem. theWerry School Park sales price for condos/townhomes was $1.5 million with Weisshaar a median price per square foot of $736. Park Lucille Nixon School
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 933 Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 35 Median Sale Price . . . . . . . . . . . . . . . . . . . $2,750,000 Average Sale Price . . . . . . . . . . . . . . . . . . $2,860,486 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,114 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 16
Bo
Wallis Park
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 - 2015
ulch
ils G
Ne
16 14 12 10 8 6 4 2 0
Homes for Sale vs. Closed Sales
Felt Lake
Closed Sales 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
re
Homes for Sale
ek
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 / Stanford Hills Home Sales 2015 Sale Price
$8m
$6m
$4,850,000
$4m
Median
$2m
City Median
$2,000,000
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
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 Area Inventory - 2015
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 C
Feb Mar Apr May
k ree
Terman Middle School
El Carmelo Elem. School
Mayfield Number of homes . . . . . . . . . . . . . . . . . . . . . . . 1,318 Escondido Park Elem. Werry School 82 Park Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 60 Weisshaar Median Sale Price . . . . . . . . . . . . . . . . . . . $2,155,000 Park Average Sale Price . . . . . . . . . . . . . . . . . . $2,408,367 Lucille Nixon Barron Average Price/Square FootSchool . . . . . . . . . . . . . . . $1,190 Park Elem. Scl. Average Days on Market . . . . . . . . . . . . . . . . . . . . . 22 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 dipped as the yearCastiilleja began, but rose Jordan School Jr. High School Packard LS Palo Altoover the $3 million againChildren's with a number of sales Hospital Sr. High School of 2015. The second largest Stanford Stanfordmark in the latter half Stadium University Hospitalarea in Menlo Park in number of homes, more sales Peers Park occured here than in any other neighborhood last Bowden Park year.
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
Closed Sales Jun
Jul
Aug Sep Oct Nov Dec
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 2015 Sale Price
$8m
$6m
$4,575,000
$4m
Median
$2m City Median
$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
Prices moved upAddison sharply in 2015 as lots in prime Elem. Library School Art Center Zoo million Library locations traded well over $3 and large, City Hall Rinconada Palo Alto Education Walter Park Medical Center off-market Hays Elem. newly built records. Two Clinic homes Bowlingset Green new Hoover School Park Pavilion Hospital transactions closed just below $8 and $9 Termanmillion, Castiilleja Jordan Middle School Jr. High School respectively, and the number of homes selling School Palo Alto School above $5Sr. High million doubled to fourteen.
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 in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 60 Court Wallis House Park Cameron Median Sale PricePark . . . . . . . . . . . . . . . . . . . $3,595,000 El Carmelo Elem. School Mayfield Average Sale Price . . . . . . . . . . . . . . . . . . $3,902,738 Escondido Park Elem. Werry School Average Price/Square Foot . . . . . . . . . . . . . . . $1,324 82 Park Weisshaar Average Days onParkMarket . . . . . . . . . . . . . . . . . . . . . 17 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 - 2015
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
Closed Sales Jan
Feb Mar Apr May
Jun
Jul
Aug Sep Oct Nov Dec
Homes for Sale
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 2015 Sale Price $8,950,000 $8m
$6m
$4m
$2m
Median
City Median
$1,400,000
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
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
St. Patrick’s Seminary
Nativity School
Burgess Park
Fremont Park
St. Raymond's School (Pvt.)
Nealon Park
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
or
ito Cree k
Duven Eleme Schoo
Library Art Center
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 708 City Hall Rinconada Walter Homes SoldPalo inAlto 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 33 Park Medical Hays Elem. Clinic Bowling Green Hoover Median Sale Price . . . . . . . . . . . . . . . . . . . School $2,300,000 Park Pavilion Hospital Average Sale Price . . . . . . . . . . . . . . . . . . $2,449,561 Castiilleja Jordan School . . . . . . . . . . . . . . . $1,402 Average Price/Square Foot Jr. High School Paloon AltoMarket . . . . . . . . . . . . . . . . . . . . . 16 Average Days Zoo
Educ Cent
Term Midd Scho
Sr. High School
Stanford Stadium Peers Park
Allied Arts Inventory - 2015
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
Plaza
Addison El Camino R 2 015 Elem. ParkH O M E SA L E S DATA F O School Library
Stanford University Hospital
Stanford University Golf Course
Stanford Hills Park
German-american School Of San Francisco
Property values in the Allied Arts / Downtown neighborhood have sharply increased beginning in 2013. St. Elizabeth TheJohnson median price per square footSeton wasSchool up close to 20% Eleanor Park Pardee (Priv.) from the previous year to just over $1,400 – the Park highest in all of Menlo Park on a rolling-average basis. Cogswell
San Fra nci squ ito Cre ek
Sacred Heart Preparatory School (Pvt.)
Menlo Oaks Elem.school
Willow Oaks Park
Neighborhood Perspective
Library Rec. Center
PO
Mcn Interm Brentwood Sch Oaks Elem. School San Fra 49er Ac
Stanford Research Institute
Menlo College Menlo High 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
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Hoover Elem. School
Costano Elementary School
El Carmel
Closed Sales Elem. Scho Homes for Sale
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 2015 Sale Price
$8m
$6m
$4,175,000
$4m
$2m
Median
City Median
$1,280,000
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
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
Neighborhood Perspective
Menlo Oaks The average sale price in Linfield Oaks rose about Elem.school 10% in 2015. Buyers know the value in this location and will often German-american waitOffor something toBayscome up. School San Francisco h
or eF
H O M E SA L E S DATA F O R 2 015ito Cree k
Library Rec. Center
PO
Burgess Park Johnson Park
St. Raymond's School (Pvt.)
Nealon Park
San Fra nci squ ito Cre ek
Fremont Park
Cogswell Plaza El Camino Park City Hall
Stanford
Hillview
Hoover Pavilion Hospital
NMiddle E I G H BO R H OO D S C H OO L S Children’s Convalescent School
Encinal Elementary Hillview Middle School Menlo Atherton High Oak Knoll Elementary School
Hospital
LS Packard Children's Hospital
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 432 Elizabeth Duveneck Homes Sold inSt. 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 16 Seton School Eleanor Elementary Pardee (Priv.) School Median Sale Price . . . . . . . . . . . . . . . . . . . $2,060,000 Park Average Sale Price . . . . . . . . . . . . . . . . . . . $2,087,156 Average Addison Price/Square Foot . . . . . . . . . . . . . . . $1,098 Elem. Library Average School Days on Market . . . . . . . . . . . . . . . . . . . . . 20 Art Center Zoo Library Palo Alto Medical Clinic
Bowling Green Park
Walter Hays Elem. School
Rinconada Education Park Center
Castiilleja School
Jordan Jr. High School
Palo Alto
Terman Middle School
Sr. High School
Middlefield to El Camino Inventory - 2015
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
D
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
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Stanford Stadium
Stanford University Hospital
Stanford University Golf Course
Palo Mun Golf
rw
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Stanford Shopping Center
Stanford Hills Park
Mcnair Intermediate Brentwood School Oaks Elem. School San Francisco 49er Academy
Sa
Menlo High School
La Entrada Elementary School
Willow Oaks Park
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
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Rd
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82
Aug Sep Oct Nov Dec
Homes for Sale Closed Sales
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 2015 Sale Price
$8m
$6m
$4m
$2m
$2,880,000
Median
City Median
$1,300,000 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
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
Encinal Elem. School
Nativity School
Menlo College
St. Joseph's School (Pvt.)
PO
Fremont Park
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
St. Raymond's School (Pvt.)
Hillview Middle School
Oak Knoll Elementary School
Hills Park La Entrada
Nealon Park
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 - 2015 Shopping
8 7 6 5 4 3 2 1 0
German-american School Of San Fran
SA L E S DATA F O R 2 015
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 103 Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Library Rec. Center Median Sale Price . . . . . . . . . . . . . . . . . . . $2,314,000 Burgess Average Sale Price . . . . . . . . . . . . . . . . . . $2,610,444 Park St. Elizabeth Johnson Average Price/Square Foot . . . . . . . . . . . . . . . $1,302 Seton School Park Average Days on Market . . . . . . . . . . . . . . . . . . . . .(Priv.) 14
82
Menlo High School
Bell St Park
Seminary
Stanford Research HOME Institute
San Fra nci squ ito Cre ek
Holbrook Palmer Pk
School Hospital changed hands A higher percentage of homes in 2015 than anywere elseWillow in Menlo Park: 8.7%. Oaks Menlo - Atherton Elem.school Almost half of the sales were off-market. Those High School Oaks only 14 sold on the market went quickly,Menlo averaging Elem.school Willow St. Patrick’s days before being snapped Oaks Park up.
Palo Alto
Jun
Jul
Aug
Sr. High School Homes for Sale Stanford Closed Sales StadiumOct Nov Dec 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 2015 Sale Price
$8m
$6m
$4,205,000
$4m
$2m
Median
City Median
$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
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
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 - 2015
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 in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 19 Median Sale Price . . . . . . . . . . . . . . . . . . . $3,337,000 Duveneck Elementary School Average Sale Price . . . . . . . . . . . . . . . . . . . $3,435,105 Average Price/Square Foot . . . . . . . . . . . . . . . $1,249 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
Sales in 2015 covered a broad range of price points, and were fairly evenly distributed between the lowest ($1.5 million) and the highest sale ($6.6 Mcnair million), representing the diversity of opportunities Intermediate Brentwood School Oaks Elem. inSchool the area.
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
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Ra
W
Mar
Sch
Sp
w
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Rd
84
Jun
Jul
Aug Sep Oct Nov Dec
Closed Sales 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 2015 Sale Price
$8m
$6,600,000
$6m
$4m Median
$2m
City Median
$1,500,000
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
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
Neighborhood Perspective
The median price in The Willows held steady Mcnair with 40% fewer homes sold than in the inIntermediate 2015, School year. Brentwood previous
Oaks Elem. School Palo Alto San Francisco H49er OM E SA L E S DATA F O R 2 015 Airport Academy Palo Alto Ba Municipal Number of homes . . . . . . . . . . . . . . . . . . . . . . . 1,201 ysh Golf Course or PA Homes e F Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 51 Duck rw y nF Median Sale Price . . . . . . . . . . . . . . . . . . . $1,995,000Pond
German-american School of San Francisco
Sa
Cre ek
tanford Research nstitute
s cent
Green Oaks Academy
Cesar Chavez Academy Elem Creative Sch Montessori Sch
Atherton hool
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Costano Elementary School
Mid Peninsula High School
101
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ad
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Ra
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W illo w
Sp
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St. Elizabeth Seton School (Priv.)
Johnson Park
Eleanor Pardee Park
ito ree k
C Average Sale Price . . . . . . . . . . . . . . . . . . $2,105,765 Average Price/Square Foot . . . . . . . . . . . . . . . . $1,115 Duveneck Days on Market . . . . . . . . . . . . . . . . . . . . . 18 Average
Elementary School
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
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
Feb Mar Apr May Bowden Park
g rlin
nal
Ca
Ste
Jun
Jul
Aug Sep Oct Nov Dec
101 al an
Sr. High School
Stanford Stadium
Education- 2015 TheWalter WillowsRinconada ParkInventory
gC
Palo Alto
Library Art Center
rlin Ste
ckard ren's ital
Zoo
Closed Sales Homes for Sale
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 2015 Sale Price
$8m
$6m
$3,800,000 $4m
$2m
City Median
Median
$993,000 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 2015 was down slightly from the previous year, but average Costano price per square foot Elementary increased about 10%, year over year. Homes sold School Hetch Hetchy quickly, with Flood Park showing the second lowest Mid Peninsula High Green average School days on market forOaks Menlo Park at 13 days. Rd
Post Office
Wil
low
Kelly Park Beechwood Belle Elem. Sch. Haven Elem. Market Place Sch. Park Flood County Pk
Academy Cesar Chavez Elem H O M E SAAcademy L E S DATA F O R 2 015 Creative Sch Montessori Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . Sch
Laurel Elem. School Encinal Elem. School
Veteran’s Administration Hospital
Peninsula School
Willow Oaks Elem.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
Library Rec. Center
PO
Burgess Park
. Raymond's hool (Pvt.)
Nealon Park
San Fra nci squ ito Cre ek
Fremont Park
Stanford Shopping Center
German-american
School Of San Francisco Flood Park Inventory - 2015
8 7 6 5 4 3 2 1 0
Ba
ysh
Homes for Sale vs. Closed Sales
El Camino Park
nF rancis qu
or eF
rw
Sa
82
Stanford Research Institute
Brentwood School Oaks Elem. School San Francisco 49er Academy
Menlo Oaks Elem.school
Willow Oaks Park
St. Patrick’s Seminary
784 Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 30 Median Sale Price . . . . . . . . . . . . . . . . . . . $1,517,500 Average Sale PriceBell . . . . . . . . . . . . . . . . . . $1,609,017 Street Park Average Price/Square Foot . . . . . . . . . . . . . . . $1,104 101 Mcnair Average Days on Market . . . . . . . . . . . . . . . . . . . . . 13 Intermediate
St. Elizabeth Seton School (Priv.)
Johnson Park Cogswell Plaza
Jan
Feb Mar Apr May Library City Hall
Jun
Addison Elem. School
Jul
Duveneck Elementary School Homes for Sale
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 Area Home Sales 2015 Sale Price
$8m
$6m
$4m
$2,800,000
$2m
City Median Median
$1,150,000 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 Wil
Mid Peninsula High School
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
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
y
Bowling Green Park
Belle Haven Inventory - 2015 Library Art Center
8 Rinconada Education 7 Park Center 6 Terman Jordan Middle Jr. High School 5 School 4 3 2 Bowden 1 Park 0 Jan Feb Mar Apr May
l C ana
al
ek Cre
101 an
y Dr
Shoreline at Mountain View Park
Shoreline Golf Course
Jun
Jul
Aug Sep Oct Nov Dec
El Carmelo Elem. School Library
82
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Mayfield Park
gh
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ma
W
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Court House
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Werry Park
Wallis Park
ro Rail Sp
Cameron Park
ero
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Peers Park
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Ste
Stanford Stadium
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Sr. High School
Laqunita Lake
PA Duck Pond
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Zoo
Palo Alto
Escondido Elem. School
rw
Walter Hays Elem. School
Castiilleja School
LS Packard Children's Hospital
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Homes for Sale vs. Closed Sales
Addison Elem. School
El Camino Park
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Sa
Belle Haven Elementary (TK-8) Menlo Atherton High School
Ba
San Francisco Bay
Palo Alto Airport
Palo Alto Municipal Golf Course
nV
Stanford Research Institute
lou gh
Menlo Oaks Elem.school
Willow Oaks Park
Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 960 Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 35 Median Sale Price . . . . . . . . . . . . . . . . . . . . $790,000 Average Sale Price . . . . . . . . . . . . . . . . . . . . $789,397 Average Price/Square Foot . . . . . . . . . . . . . . . . $688 Average Days on Market . . . . . . . . . . . . . . . . . . . . . 20
iew S
101
H O M E SA L E S DATA F O R 2 015
Mt
Veteran’s Administration Hospital 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
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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 continued to rise steadily in Belle Haven, though the price per square foot remains more than 35% below the rest of the city. Sales activity mirrored that of other Menlo Park neighborhoods in terms of the percentage of homes sold and the number of days on the market.
W
Mar Post Office
d's .)
Sp
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Rd
Neighborhood Perspective
on Rd
Closed Sales Homes for Sale
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 2015 Sale Price
$8m
$6m
$4m
$2m
City Median
$1,130,000 Median $330,000
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
Taft Elem Sch
Post Office
Fair Oaks Elem Sch Sp Railroad
Library
While average prices Elem. wentSch.up Haven overall in Menlo Park Elem. Market Place in 2015, North Fair OaksPark saw aSch.decline, with a year- Hetch Het Flood Mid Peninsula County Pksale price decrease of 6.8%. AtHigh School over-year median 101 about half the median price of the city in general, it Cesar C Academy remains an affordable entry point to Menlo Park.
Wherry Academy
Sch
Garfield Charter Elem Sch
H O M E SA L E S DATA F O R 2 015
Hoover 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
Neighborhood Perspective Kelly Park Beechwood Belle
Nativity School
Menlo College
Laurel Number of homes . . . . . . . . . . . . . . . . . . . . . . . . . 897 Elem. School Veteran’s Peninsula Homes Sold in 2015 . . . . . . . . . . . . . . . . . . . . . . . . . 49 Administration School Hospital Median Sale Price . . . . . . . . . . . . . . . . . . . $1,096,000 Willow Oaks$1,159,560 Average Sale Price . . . . . . . . . . . . . . . . . . . Menlo - Atherton Elem.school High School Average Price/Square Foot . . . . . . . . . . . . . . . . $793 Menlo Oaks Elem.school Willow Average Days St. onPatrick’s Market . . . . . . . . . . . . . . . . . . . . . 18 Seminary
German-a School O
Fair82Oaks Inventory - 2015 Library
Menlo Homes PO for High School
Rec. Center Sales Sale vs. Closed
San Fra nci squ ito Cre ek
Center
Hillview Middle
Oaks Park
Stanford Research Institute
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 Sales
El Camino Park
Aug Sep Oct Nov Library Dec City Hall
Hoover Pavilion
Palo Alto Medical Clinic
Addison Elem. 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 2015 Sale Price
$8m
$6m
$4m
$2,045,000 $2m
City Median
Median
$325,000
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 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. 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
1M
2M
3M
4M
5M
6M
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. MenloPark-2015.1