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: 

Business and Economy

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

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 followed Silicon Valley in declining from May through September of last year. Unlike most of Silicon Valley, Menlo Park average sale prices surged upwards in the fall before bottoming again in December. Again, average prices are moving upwards, recovering the past year’s losses by April. It remains to be seen if this trend continues. Average sales price to list price ratios shown by the red line have remained at or above 100% over the past year, providing evidence of the continued demand for homes near Facebook and other Silicon Valley landmarks that drive prices up.

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.

Menlo Park Real Estate: 6-month Average Days to Sell by 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.

Despite the continued upward price pressure, homes in Menlo Park are taking 3-5 weeks to sell in most price brackets, up from 2-3 weeks a year ago.

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 and lowest categories, home priced are bid up, an average of 3% to a staggering 21%.

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

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.