Allied Arts is a very charming area in Menlo Park going west from El Camino (behind the Oasis!) just north of Stanford Shopping Center, Hospital, and Stanford University. The streets have college names Harvard Princeton Cambridge etc. Allied Arts is close to downtown Palo Alto and not far from downtown Menlo Park - very convenient location with pretty tree-lined streets.
The Allied Arts neighborhood was originally developed around 1930 +-.
Many of the original homes are being replaced by new high quality two story homes.
Lot sizes run from 5000sf to 9000sf typically.
Let’s take a look at the Allied Arts real estate home market has done over the past five years.
The average and median price for single family homes in Allied Arts in 2009 was basically unchanged from 2008.
Average price increased 7.3% from $1,464,560 to $1,571,920.
Median price dropped 3.4% from $1,400,000 to $1,352,500.
The number of sales was constant - 25 in 2008 and 26 in 2009.
My sense is market is stabilizing.
The days of inventory chart below is striking - very low days of inventory in 2006 and 2007.
Search for homes, townhouses, and condominiums in Allied Arts and downtown Menlo Park.
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