The latest market condition and information for Atherton

Let’s take a look at the latest market condition and information for the neighborhood of Atherton to understand what a buyer need to pay for a large Mansion with more than one acre lot. The City of Atherton has one of the most exclusive and expansive zip code (94027) in the United States.

In the first 4 months of 2015, the average home sales price is $7.8 Million and the median sales price is $6.8 Million. The average days on the market is 57 .The average sales price per square feet is $1,244. The highest price home sold is $17.5 Million and the lowest price home sold is $2.4 Million. The largest home sold has 12,670 square ft. and the smallest home sold has 2,090 sq ft. As of May 1st, 2015, there were 22 closed transactions this year.

The latest market condition and information for Atherton: (1/1/2015 – 5/1/2015)

  2015
Average List Price $ 8,063,455
Average List Price per sq. ft. $ 1,239
Average Sales Price $   7,843,364
Average Sales Price per sq.ft. $ 1,244
Median Sales Price $ 6,850,000
Average Sales Over List Price 1 %
Highest Price SOLD $ 17,500,000
Lowest Price SOLD $ 2,450,000
Total Sales Volume $ 172,554,000
Total No. of Sales 22
Average Days on the Market 57
Largest Home Sold (sq.ft.) 12,670
Smallest Home Sold (sq.ft) 2,090

For those of you who are not familiar with the MLS area, Atherton consists of 4 MLS areas:
Area 290 – Alameda to 280
Area 291 – El Camino to Alameda
Area 292 – Middlefield to El Camino Atherton
Area 293 – Lindenwood

NUMBER OF SALES TRANSACTIONS

There was 5 sales transaction in MLS area 290 with average sales price of $8.6 Million. MLS area 291 has the most number of sales transactions -12, with the average sales price of $8.4 Million. There was 2 sales transactions in MLS 292 with average sales price of $3.7 Million. MLS area Lindenwold has 3 sales transactions and has an average sales price of $6.6 M.

Here’s a map of the Atherton’s neighborhoods:

Atherton_Map

Atherton Neighborhoods 01/01/2015 to 05/01/2015

Neighborhoods 290
Alameda to 280
291
El Camino to
Alameda
292
Middlefield to El
Camino Atherton
293
Lindenwood
Number of Sales 5 12 2 3
Avg. Sales Price $ 8,660,000 $ 8,479,083 $ 3,725,000 $ 6,685,000
Median Sales Price $ 6,700,000 $ 7,950,000 $ 3,725,000 $ 7,380,000
Avg. Price per sq.ft. $ 1,247 $ 1,263 $ 1,722 $ 1,148
Highest Price per sq.ft. $ 2,105 $ 2,642 $ 1,722 $ 1,148
Lowest Price per sq.ft. $ 575 $ 702 $ 1,054 $ 946
Average DOM 84 53 11 58
Avg Sales Over List Price -6% 2% 4% 3%
Highest Price SOLD $ 17,500,000 $ 17,444,000 $ 3,850,000 $ 7,625,000
Lowest Price SOLD $ 4,200,000 $ 2,450,000 $ 3,600,000 $ 5,050,000
Largest Home Sold 11,660 12,670 3,654 8,060
Smallest Home SOLD 3,290 2,260 2,090 4,592

TOP VALUATION PER SQUARE FEET

No.1 – 73 Adam Way located in the MLS area 291: this home features 2,460 sqft of living area on a 46,800 sqft lot with 4 bedrooms and 3 full baths which was sold for $6,500,000 at $2,642 per sq ft.
No.2 – 50 Belbrook Way located in the MLS area 290: this home features 8,315 sqft of living area on a 233,917 sqft lot with 5 bedrooms and 6 full baths which was sold for $17,500,000 at $2,105 per sq ft.
No.3 – 131 Watkins Ave located in the MLS area 292: this home features 2,090 sqft of living area on a 41,600 sqft lot with 3 bedrooms and 2.5 baths which was sold for $3,600,000 at $1,722 per sq ft.

TOP 10 Highest Price Home Sold

No.
Address
Sq. Ft.
LOT SQ. Ft.
List Price
SOLD Price
Sales/List
Price %
1. 50 Belbrook Way 8,315 233,917 $21,800,000 $17,500,000 -20%
2. 75 Almendral Ave 11,466 65,740 $17,888,000 $17,444,000 -2%
3. 33 Emilie Ave 10,885 36,855 $13,650,000 $13,000,000 -5%
4. 51 Adam Way 10,046 45,360 $12,500,000 $11,800,000 -6%
5. 2 Valley Rd 8,380 43,952 $10,500,000 $9,600,000 -9%
6. 1 Kilroy Way 8,516 44,866 $9,600,000 $9,150,000 -5%
7. 86 Michaels Way 7,820 28,500 $8,998,000 $8,980,000 0%
8. 97 Fairview Ave 12,670 57,470 $8,495,000 $8,900,000 5%
9. 293 Oak Grove Ave 1,690 46,215 $ 1,188,000 $ 1,525,000 28%
10. 73 Irving Ave 1,390 41,292 $ 1,149,000 $ 1,502,000 31%

 TOP 10 Highest Price Home Sold Per Square Feet

No.
Address
Sq. Ft.
LOT SQ. Ft.
List Price
SOLD Price
SOLD Per SQFt
1. 73 Adam Way    2,460 46,800 $     4,895,000 $     6,500,000 $   2,642
2. 50 Belbrook Way    8,315 233,917 $ 21,800,000 $ 17,500,000 $   2,105
3. 131 Watkins Ave    2,090 41,600 $     3,695,000 $     3,600,000 $   1,722
4. 90 Almendral Ave    3,600 43,700 $     4,995,000 $   6,125,000 $   1,701
5. 75 Almendral Ave 11,466 65,740 $ 17,888,000 $ 17,444,000 $   1,521
6. 89 Tallwood Court    3,290 43,974 $     4,400,000 $     4,200,000 $   1,277
7. 33 Emilie Ave 10,885 36,855 $ 13,650,000 $ 13,000,000 $   1,194
8. 51 Adam Way 10,046 45,360 $ 12,500,000 $ 11,800,000 $   1,175
9. 86 Michaels Way    7,820 28,500 $     8,998,000 $     8,980,000 $   1,148
10. 233 Polhemus Avenue    5,750 49,658 $     7,200,000 $     6,600,000 $   1,148

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