With inventory still limited in Menlo Park as well as in other San Francisco Peninsula cities, prices continue to remain strong although not rising as quickly as they did earlier in the year.
There are currently 25 homes for sale - 4 are condo/townhouses and 21 are detached, single homes. 3 came on the market in the last 7 days. The lowest priced property is currently being offered for $449,950 (on the market for 49 days) and is a 3 bedroom, 1 bath single, detached residence in the Belle Haven neighborhood. The highest priced property at $5,495,000 (on the market for 185 days) is a 5 bedroom, 4.5 bathroom 2-story traditional style home in Central Menlo Park.
With 24 pending sales, 2 sales closed in the past week. Selling for $1,300,000 (on the market for 133 days), the lowest priced property was a 3 bedroom, 2.5 townhouse on the Sharon Heights Golf Course. Topping the sales chart was the brand new 7 bedroom, 5.5 bathroom craftsman style 2-story home in Central Menlo Park, sold for $4,000,000 (on the market for (92 days).
For more information on these or other properties, contact Wende Schoof at Wende@WendeByTheBay.com
