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Bay Area Real Estate Post Re-Opening of California
As anticipated now that most Covid restrictions have been lifted, summer travel patterns are slowly returning to pre-Covid levels and, as a result, real estate appears to be following a more traditional pattern of reduced activity this summer.  

Buyer demand was frenzied this spring as people sought more space, more land, a backyard oasis, an office space, or just something different. As our data suggest, it was this demand that fueled the upward price trajectory, not lack of inventory as was originally speculated.

Our market has seen its most listings since 2018, and most offers accepted since 2018.  Due to high asking prices, many homes are selling at or just slightly above list price not like in years past when significant overbidding was the dominant trend. 

Santa Clara and San Mateo counties have seen a slight outward migration to other less expensive counties in California, however, now that companies are calling back their workers, will they return?  Only time will tell... 

Our team has buyers for the neighborhoods surrounding Stanford (Stanford Circle) in the price ranges of $2.5 - $12M. If you are interested in selling your home or have any information about available properties, please contact us directly. 

The data in this newsletter focus on an area defined as "Stanford Circle".  This area includes the cities of Palo Alto, Los Altos, Los Altos Hills, Atherton, Woodside, Portola Valley & Menlo Park. 

Monica, Mandy, & Erica's Featured Properties & Recent Sales

JUST LISTED - 1360 Garden Lane
Central Menlo Park
5 Bed | 5.5 Bath | $10,750,000
JUST LISTED - 445 Walsh Road
4 Bed | 3.5 Bath | $6,250,000
JUST LISTED - 77 Lyell Street
North Los Altos
6 Bed | 5.5 Bath | $6,199,888
JUST LISTED - 555 Byron St, Unit 102
Downtown Palo Alto
2 Bed | 2 Bath | $1,375,000
JUST SOLD - 920 Pleasant Hill Road 

(represented buyer)

Farm Hill Redwood City
4 Bed | 3.5 Bath | $2,600,000
JUST SOLD - 146 Lassen Drive

(represented buyer)

San Bruno
3 Bed | 3 Bath | $1,680,000
JUST SOLD - 1244 Elm Street

San Carlos

5 Bed | 3.5 Bath | $3,500,000
JUST SOLD - 571 Lancaster Way
Farm Hill Redwood City
2 Bed | 1 Bath | $1,500,000
SOLD - 968 Menlo Avenue

(represented buyer)

Allied Arts-Downtown Menlo Park
3 Bed | 2.5 Bath | $3,000,000
SOLD - 2403 Sharon Oaks Drive
West Menlo Park
3 Bed | 3 Bath | $1,960,000
SOLD - 89 Selby Lane
(represented buyer)


5 Bed | 5.5 Bath | $9,900,000
SOLD - 780 Magnolia Street
Central Menlo Park
4 Bed | 2 Bath | $3,735,000
SOLD - 224 Leland Avenue
West Menlo Park
4 Bed | 3.5 Bath | $3,850,000


Menlo Park, Atherton, Los Altos

Contact us directly for more information.

What's Happening Around the Bay

There will be fireworks in the San Francisco skies once again, as well as in other Bay Area cities, in honor of the Fourth of July.  As the Bay Area fully reopens, there’s no need to look far to find ways to celebrate with family, friends and neighbors during the upcoming holiday weekend. Don’t forget to be fire-safe, and keep masked and socially distant as instructed.  For a full list of events, click here.  

17 Outdoor Safe Summer Options for Gathering with Friends 

Not quite ready to venture inside, there are many go-to spots to visit up and down the Peninsula, whether as a well-deserved reprieve after a hike, a place to gather with friends you haven’t seen since before the pandemic or just an open space to enjoy the world outside of your home.  See the entire Six Fifty Article here.  

Summer Nights at Filoli

Thursdays, May 27 - Sept 23 | 5pm-8pm

Head to Filoli any Thursday evening for a summer meet up with friends. Stroll the Garden, grab a refreshing drink, and watch the sun set across the landscape. It's what we've all been waiting for: Summer Nights are back! Join us and let's settle into these good summer vibes. For tickets or more information, click here.     

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© 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.

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