Home prices in Atherton and Menlo Park will rise more than 10 percent this year, according to a study conducted by an online real estate site.
Zillow.com expects home prices in 244 of the 245 zip codes in the Bay Area to rise in 2013. The only exception will be the 94515 zip code in Calistoga, according to a story in the San Francisco Chronicle.
The story suggests that the primary reason for the price increase is the tight inventory, a lack of homes for sale on the market.
With the increase, prices would be close to the peak prices of a few years ago.
Here is the individual zip code data for the Menlo Park and Atherton area.Zip Code Dec. 2012 median Dec. 2013 projection Increase % decrease from peak price 94027 $3,999,600 $4,509,239.54 12.7% 0 percent 94025 $1,309,000 $1,450,524.11 10.8% 0 percent