The end of the first half has come and gone, the perfect time for a quick market update. For San Mateo County as a whole, prices reached yet another record high. The average price for a single-family home was $2,666,970, up 5% from last year.
In Atherton, dramatic new highs were reached in the first half (see graphs below) with a 20% increase since last year (and this is based on MLS sales only and does not include off-market sales). Menlo Park also reached a new record, up 2% from last year. The second quarter was the strongest in both cities.
These record highs were encouraging to see after early second-quarter financial uncertainty regarding tariffs caused stock market fluctuations. The market quickly rebounded to stock market highs, and buyer confidence followed. Demand to live in this area remains exceptionally strong, despite limited inventory and rising prices.
Of course, every neighborhood is unique and does not perform in exactly the same way. Some areas continue to see multiple offers, quick sales, and prices over list, especially for move-in-ready homes.
Inventory Remains Tight, Especially Off Market
The number of homes actively listed remains limited, but behind the scenes, we’re seeing more off-market and pre-market activity. At the Dana Carmel Group, we’ve been successful in matching several clients with properties that never hit the MLS. If you're thinking about buying or selling, this kind of access can make all the difference.
Looking to buy or sell quietly? Let’s connect about exclusive off-market options and how we tailor strategies for your goals.
Around Town This Month
Looking for something fun to do locally? This month, we’re loving:
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Downtown Menlo Park Summer Concert Series on Wednesdays
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A visit to Shady Lane for handcrafted gifts and art
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Dinner outside at Timber & Salt in Redwood City
Whether you're preparing to list, exploring neighborhoods, or just watching the market, now is a great time to stay informed. If you’re ready to talk strategy, or want a second opinion, I’m here to help.
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📍 Explore Menlo Park neighborhoods
📍 Atherton neighborhood insights
