Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Menlo Park, California

El Camino Real in Menlo Park

Area Profile

Menlo Park Gates

Original Menlo Park Arches

In 1854, two Irishmen, Dennis J. Oliver and D. C. McGlynn, purchased 1,700 acres (some sources say it was 640 acres) bordering County Road, now El Camino Real, and built two houses with a common entrance. Across the drive they erected a huge wooden gate with tall arches on which the name of their estate was printed in foot-high letters: “MENLO PARK”, so names after their old home in Menlough on Lough Corib, County Galway, Ireland. The Menlo Park gates stood on the west side of El Camino Real, about 500 feet from Santa Cruz Avenue, until they were destroyed by a motorist in 1922.

Demographics: (2015)

  • Population: 33,064
  • Median Age: 3
  • households: 3,047
  • Median household Income: $121,816
  • Mean Property Value: $1.37M

Business

  • Employees: 16,237
  • Top 3 professions: Management, Business and Financial Operation, Sales
  • Top 3 industries by # of employees: Professional, Scientific & Tech; Educational Services; Healthcare and Social Services
  • Average Commute: 21 Minutes

City Government

The town of Menlo Park is governed by a city council comprised of 5 members. The government itself is managed by a City Manager.

City Website

The Path at Menlo Park City Hall

Things to Do in and around Menlo Park

GOLF:

Boating:

Other:

Hiking:

Parks and Rec:

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Cycling

 

UNDER CONSTRUCTION

Mountain Biking

UNDER CONSTRUCTION

Theater, Concerts, and Museums in and around Menlo Park

Area Theater and Concert Venues and Organizations:

  • TheatreWorks, a nationally-acclaimed group that draws from throughout the Peninsula and Silicon Valley.
  • Palo Alto Players, a popular community theater group that was the Peninsula’s first theater group when formed in 1931, offers a regular schedule of plays at the Lucie Stern Community Center in Palo Alto.
  • The much-loved Palo Alto Children’s Theatre has it’s own dedicated stage at the community center and has ignited the acting passion of many local children. Check the calendar for other theater, music and dance offerings in Palo Alto and at Stanford.
  • Shoreline Amphitheater: 1 Amphitheatre Pkwy, Mountain View, CA 94043-1326

Area Galleries and Museums:

Dining and Shopping

Places to Eat:

  • Cetrella: Refined, relaxed Californian-Mediterranean eatery & patio for steak, seafood & house-made pastas. 400 Main St, Los Altos, CA 94022  (650) 948-0400
  • Aldo Los Altos: Cozy trattoria serves creative Italian fare & small plates in a casual space with a welcoming vibe. 388 Main St, Los Altos, CA 94022 (650) 949-2300
  • Urfa Bistro: Compact, comfy option whipping up classic Mediterranean entrees, along with salads & wraps. 233 State St, Los Altos, CA 94022  (650) 397-5614

Places to Shop:

  • The Shop – 785 Santa Cruz Ave, Menlo Park
  • Santa Cruz Plaza – 610 Santa Cruz Ave, Menlo Park
  • Marsh Manor Shopping Center – 3700 Florence St, Redwood City
  • Stanford Shopping Center: premier open-air shopping and dining destination with more than 140 world-class shops and restaurants; 660 Stanford Shopping Center, Palo Alto, CA 94304
  • Town & Country Village: more than 70 shops an restaurants, 855 El Camino Real, Palo Alto, CA 94301

Education Opportunities in and near Menlo Park

K-12 Schools Serving Menlo Park

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

THIS SITE UNDER CONSTRUCTION

Higher Education

  • Menlo College
  • Canada College
  • Stanford University

Menlo Park Real Estate Market

Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows average sales price and sales price to list price ratio for sales in Menlo Park over the past 12 months. In general, the trend is climbing slowly in Bay Area terms at about 10% over the past 12 months and significantly less than 2017’s breathtaking pace of 34%. While bidding has fallen off the February peak experienced in many Bay Area communities, the average sale still runs more than6% above list price, indicating strong demand.

Menlo Park Real Estate Trends: Sales by price range over the past 12 months

The histogram above plots sales by price range in Menlo Park over the past 12 months. Here we see that homes in the $2,000,000 to $5,000,000 range dominate the market.

Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. But expecting a bidding war to drive up the price of a home in a price bracket where the average time to sell is more than a month is asking a lot. 

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.

Properties are moving quickly in Menlo Park in nearly all categories. Homes above $5,000,000 take a more leisurely path to sale compared to the 16-day average sale in the $2,000,000-$5,000,000 sector where the bulk of sales occur.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. Conversely, in the areas where the average is less than 100%, buyers can be picky and ask for concession.

Here we see that in all but the highest category, home priced are bid up, on average. The $2,000,000 to $5,000,000 peak market segment homes average between 9.3% and 11.6% above list, though homes in the $1,200,000 to $1,800,000 range sell more than 16% above list, meaning buyers have to be ready to make deals.

Real Estate:6-month Average Sale Price to List Price Ratio by Price Range

Menlo Park Single Family Home Sales in the past 12 months:

This 990 sf 3br/1ba home on a 5,760 sf lot sold for $830,000 in May, 2018 and holds the low price mark for Menlo Park single family homes for the period.

This 7,230 sf 5br/9ba (6 + 3 halfs) estate on a 37,462 sf lot (0.86 acres) that sold for $10,075,000 in May, 2018 set the high price mark for Menlo Park single family homes for the period.

Menlo Park Condo and Town Home Sales in the past 12 months:

This 739 sf 1br/1ba condo that sold for $760,000 in September, 2017 holds the low price mark for Menlo Park condominiums and townhouses for the period.

This palatial 3,004 sf 4br/5ba Menlo Park town home shown below sold for $3,750,000​ in June 2018, setting the high price mark for Menlo Park condominiums and townhouses.

Help me with Menlo Park Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.