Final - August Newsletter

august 2023 Newsletter

market update

Generally speaking, the market slowed in July - a common seasonal trend.  August is usually one of the quietest months of the year and based on our market experience this month, we expect a slowdown of listings and sales when the August data comes out.

While the underlying economic dynamics continue to impact both buyers and sellers alike, there is one big exception.  In our area, properties of $5M and above have been quite active. Buyers for these properties tend to buy with cash and move quickly when they find what they want.  After all, real estate is not only our biggest investment, but also where we live our lives. 

For more specific market data, click here:
Stanford Circle, San Mateo County, Santa Clara County

coming in september

central menlo park

Fabulous 4,000 sqft Home with 5 Bedrooms and pool in the Oak Knoll school district.

Just listed

Woodside

161 Eleanor Drive

6 BD   3.5 BA   4,222 SF   $7,200,000

Absolutely gorgeous, completely remodeled and upgraded mid-century modern house plus detached guest house set on a mostly level 1.72 acre lot in Woodside that offers privacy and a large backyard. Originally designed by Architect John "Jack" Kruse, this unique mid-century modern home was built to high specifications. The main house has five/six bedrooms plus 2.5 baths, plus there is a completely remodeled detached guest house with kitchen, bath, and laundry- total square footage is 4,222 sf. Award-winning Las Lomitas School District. Located on the edge of Atherton, convenient to shopping, Stanford University, 280 and transit.

www.161EleanorDrive.com

pescadero

12871 Cabrillo Highway

4 BD   3 BA   3,473 SF   $4,150,000

Sensational ocean front home with coveted direct access to the beach. Custom built, this light-filled home features high ceilings, an open floor plan, and extensive windows to enjoy the ocean and all of its splendors, including spectacular birds and marine life. The open living room with fireplace and French doors to the ocean front patio is the center of the home. An ocean front formal dining room, flexible space for a den or office, two additional bedrooms, a full bath and a generously sized laundry room complete the main home. The guest home with ocean front views as well features a full bath and kitchenette. Just a few minutes drive to downtown Pescadero and all the gorgeous coast has to offer. Enjoy the sunsets from your ocean front oasis!

www.12871CabrilloHighway.com

recently sold

26970 ORCHARD HILL LANE,
LOS ALTOS HILLS

LISTED AT $15,000,000
REPRESENTED SELLER

551 TENNYSON AVENUE,
PALO ALTO

REPRESENTED SELLER

78 PETER COUTTS CIRCLE,
STANFORD

REPRESENTED BUYER

555 BYRON ST #410,
PALO ALTO

REPRESENTED SELLER

86 BERKELEY AVENUE,
MENLO PARK

REPRESENTED SELLER

300 Sand Hill Cir #303, menlo park

Represented Seller

753 Frenchmans Road, stanford

Represented Buyer

9 Politzer drive, menlo park

Represented Buyer

21190 Canyon Oak Way, cupertino

Represented Seller

neighborhood spotlight

Teacher Housing Development
Breaks Ground in Palo Alto

Sponsored by Santa Clara County and largely funded by Meta's $25 million grant, the 110-unit educator housing development will house teachers and classified and part-time employees who work in the Los Altos, Mountain View Whisman and Foothill-De Anza Community College school districts.

The housing development located at 231 Grant Avenue in Palo Alto is expected to be completed by late 2025. The development aims to attract and retain high-quality teachers in the Bay Area, helping them live in the communities they serve so they are not subject to long commutes and are more available to the students and families of their districts.

Mandy Montoya

DRE# 01911643
M: 650.823.8212
mandy@mandymontoya.com

monica corman

DRE# 01111473
M: 650.465.5971
monica@monicacorman.com

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 is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.