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The highest sale was 58 Tuscaloosa Ave., a 12,494-square-foot spec home that sold in March for $23.1 million, then again in June for $25 million. The privacy-obsessed town does require homeowners to screen their side yards from neighbors and allows 6-foot solid walls along the front of homes, which is higher than many cities permit. But unlike Hillsborough, which has its own highly rated K-8 schools, Atherton has no public school district all to its own. Atherton is also an old town, incorporated in 1923, but its real wealth came later, from Silicon Valley and the venture capitalists who funded it. Housing market information is provided by Altos Research, Inc. based on analysis of all active market properties for sale in the US in the preceding week.
“Interest rates don’t affect people in Atherton because they’re all cash purchases,” Nicholas said. And the Bay Area kept its spot as the most expensive metro region in the country, unsurprisingly. Twitter reportedly stopped paying office rent, including at San... Click on the risks below to learn which exist in Lindenwood today and how they’ll change by 2050. Flood risk in Lindenwood is increasing slower than the national average. Houses in Atherton, CA rent between $8,850 - $29,000 with a median rent of $25,000.
How to buy a home in Atherton, CA
Generally house price is proportional to size in a given area. Looking at the average size of houses being sold can provide additional insight into the Atherton real estate market. Many people look at "Days On Market", the average number of days a house is offered for sale before it sells, to spot changes in the Atherton real estate market. Increasing DOM implies buyers are not being as competitive to buy homes. Seasonal variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.
If a buyer makes an offer to buy your home but runs into problems getting a loan, we can help with expert current advice. Since our buyer team gets potential buyers from our seller team, they want our seller team to be successful and knowledgeable about issues buyers are facing. Our buyer team can represent buyers while our seller team can represent sellers without a conflict of interest or loyalty. The high cost of housing in the exclusive, upscale Peninsula town may not be a big surprise to many, as year after year, Atherton has been named the priciest zip code in the U.S. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies.
Atherton CA Real Estate & Homes For Sale
Atherton requires that homes be on at least 1 acre, except on a few streets with smaller lots that existed before the requirement. Los Altos Hills also has a 1-acre minimum, but it and Hillsborough are hilly, making it harder and more expensive to build massive homes, especially in earthquake country. To determine the most expensive ZIP codes in the U.S., Property Shark looked at homes sales that closed from Jan. 1 to Oct. 31. It considered only ZIP codes that had at least three transactions. Because of ties, there were actually 128 ZIP codes on the 2022 list.

Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level.
Nearby Neighborhood Listings
Flood risk in Atherton is increasing slower than the national average. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. Sacramento was the most popular destination among Atherton homebuyers followed by Los Angeles and Seattle. 76% of Atherton homebuyers searched to stay within the Atherton metropolitan area.

The average homes sell for about 1% below list price and go pending in around 28 days. The average homes sell for about 3% below list price and go pending in around 15 days. All other categories, it said, could come from the creation of 79 units for students and faculty at Menlo College, 11 for faculty at Menlo School and 40 second units, such as backyard cottages. Its zoning allows multifamily housing on school property and second units of limited size on single-family lots. Atherton’s goal for the current cycle — 2014 through 2022 — is 93 units. That consists of 61 units for people of very low to low income, 29 moderate-income units and three above-moderate homes.
Prices have dipped over the last week, presenting strong statistics for a growth cycle leading to equity gains.. Having hit a plateau, prices in Atherton are now primed to rise for the remainder of the calendar year. The key part to interpreting this will be that inventory must remain level or drop for these trends to take place. For prospective buyers looking in Atherton, now is the ideal time to find the right home and negotiate on your offer.
Looking through a gate or just over a wall, offers a glimpse into the opulence. The city strictly regulates its zoning, and the fact that nearly 100% of the city is residential, making it very private. A majority of streets do not have sidewalks, showcasing a rural feel when walking through the town. When winding down some of the lesser known streets, it shows just how secluded and quiet it really is. Zillow, Inc. holds real estate brokerage licenses in multiple states. Zillow , Inc. holds real estate brokerage licenses in multiple provinces.
The most expensive home listed, is on market for $23,850,000. If the inventory continues to grow relative to the small amounts of demand for Atherton homes, prices should continue to go down. Looking at the past statistics for the Atherton real estate market shows that in mid July 2019 the median list price was over $9,300,000. Illustrating the significant drop in prices that the luxury market has experienced since that timeframe. Homes for sale in Atherton, CA have a median listing home price of $9,500,000.
Can sell for about 1% above list price and go pending in around 7 days. Through 2018, the town had approved 40 units of very-low and low-income housing, three moderate-income units and 59 for above-moderate income. Is always harder so you might want to avoid these problematic cities if you are not a veteran. Always read up on optimal real estate investment strategies if you are new to investing. Another Bay Area town hit No. 3 on the list for the first time — a ZIP code in the tony enclave of Ross in Marin County — population 2,300 —with a $5.5 million median home price. That price came in the wake of a 20% year-over-year jump there.
The median rent for all bedrooms and all property types in Atherton, CA is $25,000. Percentages are based on the number of housing units for each type over the total number of units across all types. In fact, there is a higher proportion of four, five or more bedroom homes in Atherton than is found in 98% of the communities in America. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation.
The average price can be pushed up by a particularly expensive townhouse being sold. Much less often an especially low price for several townhouses can push the average price down. By looking at both average and median price a quick judgment can be made about any unusually high or low prices. When a townhouse development is offered for sale, the high number of units offered can shift both average and median prices.
Several agents said Stephen Curry has bought a property there. Their populations are similar, ranging from about 7,000 in Atherton to 11,500 in Hillsborough. They all have no land zoned for multifamily housing or commercial activity, although they do have private country clubs in areas zoned for open space or recreation. A home at 58 Tuscaloosa Avenue is seen behind a large wall in Atherton, Calif.