The Atherton May 2014 home sales report reflects the continuing strong market throughout Silicon Valley and relatively high value of Atherton luxury homes. Of the 13 homes that closed escrow in May, nine sold below $6,000,000 and two sold above $10,000,000 (see below). The median time on market prior to sale was 12 days.
There are currently 29 homes on the market at this time, up from 28 at the beginning of May. Only three homes came on the market in the past week, most have been on the market over 30 days. This is common for luxury markets due to the smaller pool of buyers for ultra-luxury homes (nine homes are currently listed above $10,000,000). Eight of the 9 homes in escrow are priced under $6,000,000.
June 1st Atherton Market Snapshot:
- Homes active on the market: 29 (click to view > Atherton homes for sale)
- Distressed properties for sale: Short Sale – 0 Foreclosure – 0
- Price range of active listings: $1,695,000 to $25,000,000
- Number of homes now in escrow: 9 (down from 12)
Atherton May 2014 Home Sales Report – Closed Sales
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