There is an unincorporated area of Menlo Park along and just off the Alameda. Think “Dutch Goose” a long time Menlo Park landmark where throwing your peanut shells on the floor is mandatory!
The homes built in this area were typically smaller and of slightly lower quality than what is found in west Menlo Park. More original custom (ie non tract) development can be found in this area.
As we see elsewhere in Menlo Park and up and down the San Francisco Peninsula, many of the original homes are now being replaced by new high quality two story homes.
This area of Menlo Park within the outstanding Las Lomitas School District.
Let’s take a look at how the county area along Alameda Menlo Park real estate home market has done over the past five years.
The average and median price for single family homes in this county area of Menlo Park in 2009 was decreased substantially from 2008.
Average price decreased 23.6% from $1,960,410 to $1,498,270.
Median price dropped 35.0% from $2,154,620 to $1,400,000.
The number of sales increased quite a bit - 37 in 2008 and 49 in 2009.
The number of homes sold in the county area of west Menlo Park increased in 2009 but is still slightly lower from the number of sales in 2006 and 2007.
The days of inventory chart below is striking - very low days of inventory in 2005, 2006 and 2007.
The days of inventory in the county area of west Menlo Park is about the same as in 2008 and only slightly higher than in prior years.
To search for homes in the county area of west Menlo Park, just click here.
Tags: Menlo Park Real Estate
“Prime” west Menlo Park is the area of Menlo Park just “west” of downtown Menlo Park up to the the “county” area along the Alameda. Head out Santa Cruz Avenue away from El Camino and you will drive through prime west menlo.
Prime west Menlo Park was originally developed in the 1940 and 1950s after WWII. Good quality one story ranch homes ranging from 1800sf to maybe 2800sf were built on large 1/4 acre lots. A 1/4 acre lot is approx. 100′ x 100′ so about double the size of your typical 50′ x 100′ lot.
Many of the original homes are now being replaced by new high quality two story homes.
This area of Menlo Park is served primarily by highly rated Oak Knoll Elementary and Hillview Middle School.
Let’s take a look at how the west Menlo Park real estate home market has done over the past five years.
The average and median price for single family homes in west Menlo Park in 2009 was decreased from 2008.
Average price decreased 9.2% from $2,422,640 to $2,199,790.
Median price dropped 16.4% from $2,326,000 to $1,945,000.
As we can see, the upper end of Menlo Park was weaker than the more moderate price range market, something we see up and down the Peninsula. The lower level and mid price level within each city generally was a stronger market than the upper end.
The number of sales increased slightly - 41 in 2008 and 45 in 2009.
The number of homes sold in west Menlo Park increased slightly in 2009 but is still down significantly from the number of sales in 2005 and 2006.
The days of inventory chart below is striking - very low days of inventory in 2005, 2006 and 2007.
The days of inventory decreased in 2009 but is still higher than the days of inventory in 2005, 2006, and 2007.
To search for homes in west Menlo Park, just click here.
Tags: Menlo Park Real Estate
Allied Arts is a very charming area in Menlo Park going west from El Camino (behind the Oasis!) just north of Stanford Shopping Center, Hospital, and Stanford University. The streets have college names Harvard Princeton Cambridge etc. Allied Arts is close to downtown Palo Alto and not far from downtown Menlo Park - very convenient location with pretty tree-lined streets.
The Allied Arts neighborhood was originally developed around 1930 +-.
Many of the original homes are being replaced by new high quality two story homes.
Lot sizes run from 5000sf to 9000sf typically.
Let’s take a look at the Allied Arts real estate home market has done over the past five years.
The average and median price for single family homes in Allied Arts in 2009 was basically unchanged from 2008.
Average price increased 7.3% from $1,464,560 to $1,571,920.
Median price dropped 3.4% from $1,400,000 to $1,352,500.
The number of sales was constant - 25 in 2008 and 26 in 2009.
My sense is market is stabilizing.
The days of inventory chart below is striking - very low days of inventory in 2006 and 2007.
Search for homes, townhouses, and condominiums in Allied Arts and downtown Menlo Park.
Tags: Menlo Park Real Estate
Menlo Park Real Estate tour #2, originally uploaded by ArnCenedella.
Looking for a brand new 3100sf home in a fabulous Allied Arts location? Check out 100 Princeton Aveue listed at $2885000 4 bedrooms 3.5 baths on 9000sf lot. Call Arn 650 575-6114 to see
Arn Cenedella
650 575-6114
Tags: Menlo Park Real Estate · Uncategorized
Menlo Park Real Estate #1, originally uploaded by ArnCenedella.
Are you looking for a newer single family home in downtown Menlo Park within walking distance of Draegers or Left Bank? Check out 1335 Hoover st listed at $1195000! 3 bedrooms 2.5 baths built in 2000. Call me to see. Arn 650 575-6114
Arn Cenedella
650 575-6114
Tags: Menlo Park Real Estate · Uncategorized
Nothing has generated more buyer interest the past few years than the words “foreclosure” and “short sale”.
Many perceive buying foreclosures and/or short sales as a way to purchase property at a very good price.
In some cases, this may very well be true.
Often times, REOs can be purchase for 40% to 50% of the previous sales price.
But I can tell for from first hand experience it is a very competitive marketplace.
And you need to know where to look and be realistic about the areas foreclosures can be found.
The table below shows 2009 sales in San Mateo, Belmont, San Carlos, Redwood City, Menlo Park, and Palo Alto broken down between REOs, short sales, and “normal” sales.
I have defined “distressed property” as being either a REO or a short sale.
The percentage of distressed property sales ranged from a low 1.97% in Palo Alto to a high of 33.61% in Redwood City.
The data above is for entire cities as a whole.
Within each city, there are areas where more distressed property can be located than in other areas.
Subsequent posts will drill down into this data to identify those specific neighborhoods where distressed property can be found.
These distressed properties offer first time buyers to buy a home at a very affordable price and offer investors the opportunity to buy and hold or fix and flip.
Tags: Foreclosures · Short Sales
Every Friday night at Queens Marketplace they have a movie on the lawn area outside in the Center of the Marketplace.
Tonight "Australia" staring Nicole Kidman and High Jackman.
Movie is free. $1 popcorn.
Great being outside in 78 degree weather.
Tags: Uncategorized
Once the Hawaiians found out Capt Cook was not a God. They killed him right here!
Thanks to our friends Ed Roseboom and Donna Weber for turning us on to this spot.
Gonna grab a ride back on snorkel boat rather than hike up the hill. NOT!
Tags: Uncategorized
Almost there! Walking thru lava flow!
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Laura and I starting our hike down to Capt Cook monument. Maybe 1000 feet down to Pacific. Can’t wait for the hike back.
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