With a median price of $6 3M, Atherton is the region's most expensive home market

Table of Content

• Yearly Average Age of Atherton Townhouses Sold
• Popular Neighborhoods in Atherton
• Average Market Rent:
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• Let’s look at the base data first.  Here is the appreciation of Palo Alto’s median single-family home over the past 20 years:
• Atherton Real Estate Trends - Average and Median Townhouse Prices
• Atherton Real Estate Trends - Houses

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.

That’s hard to do when your land is zoned almost exclusively for single-family homes on 1-acre lots, and people are tearing down houses to create compounds. Atherton held its title as the most expensive ZIP code in the country with a median home sale price of $7.9 million — about 20 times the national median. California reigns supreme when it comes to expensive ZIP codes, claiming seven of the report's top 10 spots nationwide.

Yearly Average Age of Atherton Townhouses Sold

Julie has covered murderous pot deals, police corruption and marijuana's rocky path from a black-market trade to a legitimate industry. The Golden State had four of the priciest counties on the list, the most expensive metro area and four of the five most expensive cities. Now this may be cold comfort if you don’t want your investment locked up for a long time; not everyone can be so financially patient. When we visually compare Palo Alto and Atherton, Palo Alto certainly comes across as more recession resistant. If we add in a rolling 6-month filter on the data above, Palo Alto homes are worth 335% as much in the 20-year span.

The average sale price per square foot in Lindenwood is $1.71K, down 12.7% since last year. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America. Short summary of 4 key Atherton real estate trends for townhouses which can be printed. Like all California cities, Atherton is supposed to create new housing for people of all incomes — from very-low to above-moderate income — under what’s known as the Regional Housing Needs Assessment.

Popular Neighborhoods in Atherton

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.

This is a step up from Ross's fourth place ranking from the previous years, with a median sale price of $5.5 million compared with last year's $4,583,000. The small Marin County town ranked 11th in 2016 and has been making its way up in rankings ever since. Crashing financial markets have traditionally been a harbinger of dropping home prices… at least those transactions that go to and clear the market. Atherton has performed roughly on par with financial indices, but Palo Alto has displayed an impressive combination of absolute appreciation and resilient value-preservation in a downturn. The predominate size of homes in the city based on the number of bedrooms.

Average Market Rent:

In less affluent areas, transactions actually increase, as people cannot afford what they have and dump it in a fire sale. However, in the #1 and #4 most affluent zip code in the country, sellers can just sit on their property for a few more years and wait it out. Save both your time and money by working with the best Atherton Realtor. The number 1 reason home buyers choose to work with a real estate agent is to get help "finding" the best home. Up to date knowledge and connections are key to finding the best home. After finding the best home, you will have to make the most attractive, competitive, offer.

Additionally local cities may allow a secondary dwelling if the lot is greater than a specified size . The data released by real estate company Compass ranked home prices in 170 locales across the Bay Area and down to Santa Cruz and Monterey counties, breaking down some markets by neighborhoods. The average homes sell for about 1% above list price and go pending in around 16 days.

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Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.

To help you in your decision see the estimated home prices and values in Atherton City below. Our property price forecasts can help home buyers and sellers make better property investment decisions for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032. According to PropertyShark's report, the ZIP code in the town of Atherton has a median home sale price of $7.9 million, more than 20 times higher than the national median. This is about a 6% year-over-year increase from the city's median sale price of $7,475,000 last year. The average sale price of a home in Lindenwood was $4.5M last month, down 45.5% since last year.

Let’s look at the base data first.  Here is the appreciation of Palo Alto’s median single-family home over the past 20 years:

Over the past 20 years, Palo Alto’s median number of sales is 47, while Atherton is a mighty 7. This largely reflects the population differences between the two . We should expect lots of swings in Atherton price just due to this small sample size. Neighborhood appreciation rate data are based on transactions involving conforming, conventional mortgages. Only mortgage transactions on single-family properties are included. Conventional means that the mortgages are neither insured nor guaranteed by the FHA, VA, or other federal government entity.

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.

Builders try to match what they build to what is selling well. It can take several years for a townhouse development to begin selling but it was surely built to target expected demand. Looking at the average size of townhouses being sold can provide additional insight into the townhouse real estate market. Home buyers and sellers want to know the typical relationship between list price and sales price. The plots below show this relationship Atherton houses using color coding which generally highlights changes in the market.

Looking at the average lot size of houses being sold can provide additional insight into the Atherton real estate market. Lot sizes over 150,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median. Based on our Atherton City real estate market research and report the predicted sales prices will increase by 57.109% in the next 10 years. In November 2022, Lindenwood home prices were up 2.3% compared to last year, selling for a median price of $6.7M. On average, homes in Lindenwood sell after 18 days on the market compared to 14 days last year.

This same development may affect statistics a second time about five years later if many of the first purchasers decide to sell and move to a bigger home. Looking at price per square foot gives a partial adjustment for changes in the typical townhouse sold. When trying to understand Atherton townhouse prices the first and most often real estate statistic looked at is either average or median townhouse sale price.

In November 2022, Atherton home prices were up 25.0% compared to last year, selling for a median price of $10.0M. On average, homes in Atherton sell after 28 days on the market compared to 13 days last year. There were 5 homes sold in November this year, down from 13 last year. The average sale price of a home in Atherton was $10M last month, up 25.0% since last year. The average sale price per square foot in Atherton is $1.8K, down 4.5% since last year.