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Report on homes near transit: Menlo Park's among most expensive

 

When it comes to the sale prices of homes near transit, Menlo Park homes were among the most expensive in the Bay Area, according to a report by the real estate website Estately, based on data over the last six months.

Homes near the Menlo Park Caltrain station were listed as the fourth most expensive in the San Francisco Bay Area overall, compared to residences near other mass transit stops, and the third most expensive compared to homes near other Caltrain stops.

The website analyzed sales data for houses, townhouses and condos within a one-mile radius of each BART and Caltrain station in the Bay Area over the last six months.

Menlo Park home sales within a mile of the Caltrain stop had an average price of $1,181 per square foot and a median sale price of $2.2 million, the report says. (That compares with a median home sales price for all of Menlo Park in 2015 of $2.025 million, according to Samia Cullen of Alain Pinel Realtors.)

Menlo Park prices topped those near the Atherton Caltrain stop, which came in at $1,036 per square foot during that six-month period.

Only residences within a mile of the California Avenue and Palo Alto Caltrain stops and the Embarcadero BART stop in San Francisco were more expensive during the period.

California Avenue topped the list, where recent home sales went for a median price of $1,630 per square foot. Residences near the Palo Alto Caltrain stop sold for a median price of $1,354 per square foot, and homes near the Embarcadero BART stop registered at $1,191 per square foot.

Comments

2 people like this
Posted by resident
a resident of Atherton: other
on Apr 12, 2016 at 9:22 am

Is this report meaningful or just click-bait? I'm guessing the latter since the Atherton train station is closed on weekends and that doesn't seem to have any effect on the report.


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