Pending: 132 Audiffred Ln, Woodside 94062

132 Audiffred Ln — $5,495,000.  Pending, COE 9/29/17

– 3 bedrooms, 3.5 bathrooms
– 3150sf living space on a 16700sf lot
– Contemporary energy efficient home, Full view of the western hills, Quiet cul-de-sac.

Mark’s Preview Notes:

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MLS Photos:

Listed 9/11/17 (Helen Miller of Alain Pinel represents the Seller)

Pending: 2710 Monserat Ave, Belmont 94002

2710 Monserat Ave – $2,195,000.  Pending, COE 10/4/17

– 5 bed, 4 bath

– 2550sf living space on a 9050sf lot

– Built in 1959

– Contemporary mid-century design highlighted by clean lines, large windows, and rich hardwood floors

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Mark’s Preview Notes:

MLS Photos:

Listed 9/8/17 (Mike Bohnert of Coldwell Banker represents the Seller)

SOLD: 1540 Portola Rd, Woodside 94062

1540 Portola Rd – $3,195,000.  Sold for $3100K, COE 9/26/17

– 3 bed, 2 bath

– 2820sf living space on a 43560sf lot

– Built in 1953

– Beautiful mid-century home on one private acre of land, Open concept kitchen/family room

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Mark’s Preview Notes:

MLS Photos:

Listed 9/4/17 (Scott Dancer of Alain Pinel Realtors represents the Seller)

131 Mira Way, Portola Valley 94028

131 Mira Way – $3,195,000.

– 3 bed, 2.5 bath

– 2530sf living space on a 18295sf lot

– Built in 1959

– Mid century modern home in Ladera, Open concept floor plan and soaring ceilings, Completely remodeled in 2017

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Mark’s Preview Notes:

MLS Photos:

Listed 9/1/17 (Terri Kerwin of Kerwin & Associates represents the Seller)

Pending: 27575 Black Mountain Rd, Los Altos Hills 94022

27575 Black Mountain Rd – $2,798,000.  Pending, COE 10/4/17

– 3 bed, 2 bath

– 1683sf living space on a 43839sf lot

– Built in 1957

– Tranquil setting studded with majestic oaks, Mostly flat topology, Main house has vaulted ceilings

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Mark’s Preview Notes:

MLS Photos:

Listed 8/29/17 (Connie Miller of Alain Pinel Realtors represents the Seller)

SOLD: 990 La Mesa Dr, Portola Valley 94028

990 La Mesa Dr – $3,995,000.  Sold for $4400K, COE 9/28/17

– 4 bed, 3.5 bath

– 3985sf living space on a 33541sf lot

– Built in 1966

– Dramatic, panoramic valley and bay views, Cedar paneling, Hardwood floors, Courtyard reminiscent of a Japanese tea garden

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Mark’s Preview Notes:

MLS Photos:

Listed 8/28/17  (Hugh Cornish of Coldwell Banker represents the Seller)

Market Insights – August 26, 2017

Well you are hearing it here first, some very exciting sales this week:

The Mossbrook Eichler had something like 18 packages out which turned into 7 offers.  It ended up at about $1.7m — yes, $300k over list price and where 2 doors down I just sold in January a brand new rebuild Eichler at $1.556m.  Crazy?!

The Fairorchard Willow Glen Eichler, which was completely updated (with Blomberg sliders by the way) had offers that pushed it up to $1.75m where the highest sale in that neighborhood was about $1.5m last year.  Crazy?!

So, what I think is happening is the ripple effect.  People who were thinking they could get into Sunnyvale or Cupertino around $1.8m+/- have accepted that won’t happen, so they are being pushed to their next tier choice which will be Mossbrook and Willow Glen.  That means they have a lot more ability to drive up prices in those areas from $1.5 to where we see them now.  Is it sustainable?  Probably.  Just because one person offers $1.75m for Fairorchard doesn’t mean there is another one who will do it again on the next house, but it does make a statement.

Just my take on it.

SOLD: 3624 Evergreen Dr, Palo Alto 94303

3624 Evergreen Dr – $2,195,000.  Sold for $2935K, COE 9/8/17

– 3 bed, 2 bath

– 1690sf living space on a 8050sf lot

– Built in 1956

– Mackay home on a meticulously landscaped lot, Elegant interiors and hardwood floors

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Mark’s Preview Notes:

MLS Photos:

Listed 8/22/17 (David & Sunny of Alain Pinel Realtors represents the Seller)