Atherton is back atop the most expensive real estate lists | January 31, 2018 | Almanac | Almanac Online |

Almanac

News - January 31, 2018

Atherton is back atop the most expensive real estate lists

by Barbara Wood

It must have been a statistical anomaly — after just one year of not being home to the country's most expensive residential real estate, Atherton is back on top of Forbes' annual list.

Atherton was first on the Forbes list of pricey real estate from 2013 through 2015, but at the end of 2016, Atherton fell to third place.

But the town is now back at the top of the Forbes list, released late in 2017, and is also atop a different list compiled by the PropertyShark website.

Forbes compiles its list each year by looking at the median (half higher, and half lower) listing price of homes on the market for a 90-day period near the end of the year. PropertyShark, which had Atherton second on its 2016 and 2017 lists, uses the median sales price for all residential transactions closed in a calendar year.

PropertyShark claims its list is more accurate because listing prices often do not match selling prices.

At is.gd/2017Forbes see the full Forbes story.

At is.gd/2017PShark see the full PropertyShark story.

Forbes list

Midpeninsula cities on the Forbes list include:

1 - Atherton 94027, median listing price $9.7 million

3 - Los Altos Hills 94022, $7.8 million

4 - Palo Alto 94301, $7.0 million

15 - Woodside 94062, $5.3 million

32 - Portola Valley 94028, $4.2 million

48 - Los Altos 94024, $3.4 million

60 - Los Altos 94022, $3.2 million

74 - Menlo Park 94025, $2.9 million

92 - Palo Alto 94306, $2.6 million

108 - Redwood City 94062, $2.4 million

PropertyShark list

Midpeninsula cities on the PropertyShark list are:

1 - Atherton 94027, $4.95 median sales price 2017

7 - Palo Alto 94301, $3.3 million

8 - Los Altos 94022, $3.2 million

13 - Portola Valley 94028, $2.89 million

14 - Los Altos 94024, $2.87 million

21 - Palo Alto 94303, $2.6 million

27 - Palo Alto 94306, $2.45 million

33 - Stanford 94305, $2.2 million

39 - Menlo Park 94025, 2.06 million

53 - Sunnyvale 94087, $1.75 million

54 - Cupertino 95014, $1.7 million

55 - Mountain View 94041, $1.73 million

58 - Redwood City 94062, $1.7 million

60 - Mountain View 94040, $1.66 million

88 - Redwood City 94061, $1.45 million

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