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12 Comments on VIDEO--Have prices dropped since January 2009 in Atherton, CA 94027?
Atherton, as with some of the other high-end markets in this area, has been doing quite well. We're still waiting for Los Altos Hills to come back but I think this will be the year. I'd like to see Atherton come back really strong as well.
Lottie, that is an interesting article. I am glad to see that those with money are willing to spend it, even in areas where home prices haven't fallen. It proves the law of supply and demand, if the demand is there, the prices won't move downward too much!
Hi Bryan - That Wall St. Journal article was a very positive report. Seeing the high end market selling well is very encouraging. And there's an energy in the market here in San Mateo County that I love seeing. Hopefully it will trickle to LAH soon.
Tony, we've been fortunate here. Prices are down, no denying that, but they haven't plummeted. Our condo market, both in San Francisco (especially south of market, where many new condos have recently been built) and San Mateo County has been hit harder than the single-family home market. High end was slow in 2009; 2010 was good!
Cindy, with San Francisco being a destination city and west coast financial center, and the Silicon Valley 40 or so miles south with all the high-tech companies and growing green energy industry, we're lucky. Companies are hiring, and that feeling of confidence is spilling over.
When you come for a vacation some day, we'll take an afternoon and visit a few of these high-end houses. OK?
Yes....yes...I'll be in Anaheim in February but if my geography serves me well, not really near you! lol
You get an "A" in geometry, Cindy. Anaheim is about 400 miles south --- do you have time for a couple of days in the SF area?
Perfect example of how real estate is local. I shouldn't imagine there is a huge amount of foreclosures and short sales in your area.
Right you are, Jane. While there are some short sales in our area, they are the exception, not the rule. What I liked about this research is that the trend is heading upward!!
Good news and great video, Lottie. I tried to find that $15m home they mentioned, but couldn't find it in the MLS...probably a private sale. ;-)
That was definitely a positive news story, David. You have a number of private sales of high-end properties in SF, don't you? Many agent here list private sales in our MLS just for comp purposes.