View in browser
compass

September typically brings a brief, but very active period of high activity after a bit of a summer loll.  We're seeing that right now as the market is extremely active with high demand creating multiple offers and well-priced homes selling within days of hitting the market.  We'll have numbers to report at the end of November, when the holiday season slowdown typically begins.  

The primary factors impacting the market since Spring 2020 include: 


Abnormally high household movement occurred due to pandemic-related reasons.  Work-from-home propelled renters to buy and homeowners to find homes with more space.    


New wealth emerged as the financial markets and home values soared. 


Interest rates reached historic lows, reducing home costs and motivating prospective buyers to jump into the real estate market.


Demographic shift occurred in the Bay Area as an out migration of less educated/less affluent residents and influx of more educated/higher income individuals created robust demand among higher priced homes.  

FEATURED PROPERTIES AND RECENT SALES

JUST LISTED - 67 Lyell Street 
North Los Altos
6 Bed | 5.5 Bath | $5,948,000
JUST LISTED - 2323 Summit Drive
Hillsborough
5 Bed | 4 Bath | $4,795,000
PENDING - 631 College Avenue
Allied Arts-Downtown Menlo Park
7 Bed | 7 Bath | $7,195,000
PENDING - 77 Lyell Street
North Los Altos
6 Bed | 5.5 Bath | $5,948,000
SOLD - 1360 Garden Lane
Central Menlo Park
5 Bed | 5.5 Bath | $9,800,000
SOLD - 445 Walsh Road

West Atherton

4 Bed | 3.5 Bath | $5,800,000
SOLD - 156 Felton Drive
Felton Gables Menlo Park
4 Bed | 3 Bath | $4,528,000
COMING SOON!!

Palo Alto (Palo Alto High School) and 

Atherton (Las Lomitas School District)

Contact us for more information.
LISTED - 21 Willow Rd, Unit 37
Downtown Menlo Park
3 Bed | 2 Bath | $1,295,000
LISTED - 555 Byron Street, Unit 102
Downtown Palo Alto
2 Bed | 2 Bath | $1,295,000

WHAT'S HAPPENING AROUND THE BAY

Broadway San Jose


HAMILTON is the story of America then, told by America now. HAMILTON has taken the story of American founding father Alexander Hamilton and created a revolutionary moment in theatre—a musical that has had a profound impact on culture, politics, and education. With book, music, and lyrics by Lin-Manuel Miranda, direction by Thomas Kail, choreography by Andy Blankenbuehler, and musical supervision and orchestrations by Alex Lacamoire, HAMILTON is based on Ron Chernow’s acclaimed biography. It has won Tony®, Grammy®, and Olivier Awards, the Pulitzer Prize for Drama, and an unprecedented special citation from the Kennedy Center Honors. Ticket information can be found here.  

State Street Market Food Hall


State Street Market offers a mix of food and beverage concepts each uniquely curated by award-winning, local chefs. Explore culinary offerings including Taiwanese-Korean concept Bǎo Bèi by Meichih and Michael Kim (formerly of Palo Alto’s Michelin-starred Maum), Ostro Raw Bar, local Los Altos favorite Tin Pot Creamery, Murdoch’s , the upcoming El Alto by Chef Traci Des Jardins, and many others. Beyond the food, State Street Market hosts a teaching kitchen, event spaces, play areas, and a calendar of events featuring local farmers, artisans, entertainment, and community groups. Find more information here.

© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.

marketingcenter-
Want to stop receiving our emails?  Unsubscribe now.