 MK GROUP
By the founders of MK Group |
Three weeks ago we wrote that just two Palo Alto homes were still changing hands off the open market — the thinnest supply line among the nine luxury towns. This week it took in seven, and at ten homes it is once again the deepest of the nine. The combined count across those towns is unchanged at 47, so what moved was not the level but the map: of the eleven homes that landed in the nine over the past seven days, seven were in Palo Alto, while Atherton, Woodside, Hillsborough and Portola Valley took in nothing at all, and Menlo Park — which led at eight earlier this month — is down to three. Bay-wide the tracked pool stands at 403 with 92 added this week, the other 81 filling in the broader market below the nine. When supply migrates between towns like this, whether a house is scarce depends on whether its own line is restocking or running dry.
This Week in Off-Market403 off-market homes across the Bay Area, 92 added this week. | Palo Alto +7 this week | 10 | $3.5M–$33M |
| Los Altos +1 this week | 5 | $4M–$8.5M |
| Los Altos Hills +1 this week | 6 | $7.5M–$22M |
| Portola Valley | 3 | $4.5M–$10.5M |
| Menlo Park +1 this week | 3 | $3M–$5.5M |
| Saratoga +1 this week | 6 | $5M–$16M |
| Other Bay Area cities | 356 | $500K–$14.5M |
Want details on a specific city? Reply to this email and Marie or Kevin will be in touch. |
Recent MK Group Closings | 2001 Webster St Palo Alto, 94301 5 bd · 6 ba · 5,042 sqft $10,300,000 · Represented buyer |
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 | 1585 Edgewood Dr Palo Alto, 94303 5 bd · 6 ba · 4,877 sqft $9,498,000 · Represented buyer |
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 | 764 Bain Pl Redwood City, 94062 4 bd · 3 ba · 2,790 sqft $3,100,000 · Represented seller |
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Whether you are watching one town's quiet market or weighing whether this is your year to buy or sell, simply reply to this email — it reaches Marie and Kevin directly. MK Group · Bay Area Luxury Real Estate
Marie Wang — 650.618.1222 · marie@mkbayarea.com
Kevin Mo — 408.477.6638 · kevin@mkbayarea.com
WeChat: MKgroup001
MKBayArea.com
MK Group · Marie Wang (DRE #02110980) · Kevin Mo (DRE #02127623)
19900 Stevens Creek Blvd, Ste 100, Cupertino, CA 95014 |
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