There is an unincorporated area of Menlo Park along and just off the Alameda. Think “Dutch Goose” a long time Menlo Park landmark where throwing your peanut shells on the floor is mandatory!
The homes built in this area were typically smaller and of slightly lower quality than what is found in west Menlo Park. More original custom (ie non tract) development can be found in this area.
As we see elsewhere in Menlo Park and up and down the San Francisco Peninsula, many of the original homes are now being replaced by new high quality two story homes.
This area of Menlo Park within the outstanding Las Lomitas School District.
Let’s take a look at how the county area along Alameda Menlo Park real estate home market has done over the past five years.
The average and median price for single family homes in this county area of Menlo Park in 2009 was decreased substantially from 2008.
Average price decreased 23.6% from $1,960,410 to $1,498,270.
Median price dropped 35.0% from $2,154,620 to $1,400,000.
The number of sales increased quite a bit - 37 in 2008 and 49 in 2009.
The number of homes sold in the county area of west Menlo Park increased in 2009 but is still slightly lower from the number of sales in 2006 and 2007.
The days of inventory chart below is striking - very low days of inventory in 2005, 2006 and 2007.
The days of inventory in the county area of west Menlo Park is about the same as in 2008 and only slightly higher than in prior years.
To search for homes in the county area of west Menlo Park, just click here.
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