News

Yes, Atherton still has the most expensive real estate, says Forbes

It probably won't be much of a surprise to anyone who pays attention to local real estate, but Atherton has, for the third year in a row, been named the home of the most expensive residential real estate in the country by Forbes Magazine.

This year, Woodside joins Atherton in the top 10, in seventh place, with Portola Valley at 33 and Menlo Park at 120.

Forbes uses its own formula to compile the rankings, based on asking prices rather than closed sales.

Forbes said that Atherton has a median price of $10,564,038 and Woodside has a median of $5,533,534.

Other local communities on the Forbes list are Hillsborough at number 10, Los Altos Hills at number 11, San Francisco at number 22 and 45 (two different SF zip codes) Palo Alto at number 36, 85 and 97 (three zip codes), Saratoga at number 47, Los Gatos at number 51 and Los Altos at number 57.

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Yes, Atherton still has the most expensive real estate, says Forbes

Uploaded: Fri, Nov 20, 2015, 8:41 am

It probably won't be much of a surprise to anyone who pays attention to local real estate, but Atherton has, for the third year in a row, been named the home of the most expensive residential real estate in the country by Forbes Magazine.

This year, Woodside joins Atherton in the top 10, in seventh place, with Portola Valley at 33 and Menlo Park at 120.

Forbes uses its own formula to compile the rankings, based on asking prices rather than closed sales.

Forbes said that Atherton has a median price of $10,564,038 and Woodside has a median of $5,533,534.

Other local communities on the Forbes list are Hillsborough at number 10, Los Altos Hills at number 11, San Francisco at number 22 and 45 (two different SF zip codes) Palo Alto at number 36, 85 and 97 (three zip codes), Saratoga at number 47, Los Gatos at number 51 and Los Altos at number 57.

— Barbara Wood

Comments

Yup
Atherton: other
on Nov 20, 2015 at 4:57 pm
Yup, Atherton: other
on Nov 20, 2015 at 4:57 pm
1 person likes this

I hear it has the country's most expensive police department (per capita) also.


Atherton tax payer
Atherton: Lindenwood
on Nov 20, 2015 at 5:03 pm
Atherton tax payer, Atherton: Lindenwood
on Nov 20, 2015 at 5:03 pm
Like this comment

Most expensive and the most under worked.


Stop the Trolls
another community
on Nov 20, 2015 at 7:01 pm
Stop the Trolls, another community
on Nov 20, 2015 at 7:01 pm
13 people like this

And working for the most ungrateful citizenry, ever.


Menlo Voter
Registered user
Menlo Park: other
on Nov 21, 2015 at 8:22 am
Menlo Voter, Menlo Park: other
Registered user
on Nov 21, 2015 at 8:22 am
11 people like this

tax payer:

You should be happy your police are under-worked. It means you live in a safe place.


Class Envy
Menlo Park: Central Menlo Park
on Nov 24, 2015 at 7:51 pm
Class Envy, Menlo Park: Central Menlo Park
on Nov 24, 2015 at 7:51 pm
4 people like this

That class warfare leftist is at it again. Many of the people living or who used to live in Atherton created businesses that created thousands of jobs (Larry Ellison formerly of Atherton & Meg Whitman of Atherton just to name a few) . This class envy is a result of some people who, rather than work hard to be successful and take responsibility for their destiny, find it easy to criticize others for their own failed lives.


Facts yup
Atherton: other
on Nov 24, 2015 at 8:23 pm
Facts yup, Atherton: other
on Nov 24, 2015 at 8:23 pm
9 people like this

@class envy - if you know it all, provide facts on wealth earned from WORK for the good folk in Atherton, versus inherited wealth, and income.earned from dividends.

Otherwise - just an uninformed opinion.


Facts yup
Atherton: other
on Nov 24, 2015 at 8:30 pm
Facts yup, Atherton: other
on Nov 24, 2015 at 8:30 pm
Like this comment

Also, schools attended. That fits your narrative as well, doesn't it?


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