Monday, January 7, 2019

"A Small Silicon Valley Town Had the Most Expensive Real Estate in the U.S. in 2018"

From The Robb Report, Jan. 2:

The average home sold for $6.7 million.
California is no stranger to expensive real estate. According to PropertyShark, 82 of the 100 most expensive zip codes in the United States in 2018 were located in the Golden State, and 30 of them were in Silicon Valley. Atherton, a small Silicon Valley town with a population of 7,159, topped the list with a whopping median sale price of $6.7 million. According to Zillow, the median value per square foot in Atherton was $1,903.

Located about 20 minutes from the headquarters of top tech companies like Google, Facebook, and Tesla, Atherton has a distinctly residential feel: There are no shops or restaurants, although nearby Menlo Park has plenty to offer in those departments. Atherton is home to many tech professionals who prize the small-town feel as well as convenient access to work. It’s within easy driving distance of San Francisco’s many cultural attractions, from the San Francisco Museum of Modern Art to Alcatraz Island.....MORE
Previously on the mean streets of Atherton:
Silicon Valley Doings: Atherton Police Report