 MK GROUP
By the founders of MK Group |
Over the past seven days, seven of the nine luxury towns took in at least one new off-market home: two each in Menlo Park and Saratoga, one each in Atherton, Palo Alto, Hillsborough, Los Altos and Los Altos Hills, with only Woodside and Portola Valley standing still. That is the broadest restock since the fall listing season began; for weeks the arrivals had bunched in one or two towns while four or five sat empty. The nine towns now hold 42 homes between them, up from 39 and the most since Labor Day week. Bay-wide, the tracked pool held flat for a second week at 342 with 86 new arrivals, almost exactly last week's 87 and 341: the broad market has stopped draining, and the top end is quietly refilling. If you have been waiting on one particular town, this is a week to look at its private list again, Atherton above all, which had gone most recent weeks without a single arrival. Also in this issue: a Palo Alto home MK Group closed last week; Marie walks a house before listing to show which pre-sale dollars pay back, and compares four top Peninsula private schools; Kevin asks why a 5% raise leaves you no richer, and whether selling now means leaving money behind; and the three long-reads cover which high school a Los Altos address actually feeds, what a price cut costs after two quiet weeks on market, and whether all-cash buyers really get a discount.
This Week in Off-Market342 off-market homes across the Bay Area, 86 added this week. | Atherton +1 this week | 4 | $9M–$39M |
| Palo Alto +1 this week | 5 | $2M–$44M |
| Hillsborough +1 this week | 5 | $8M–$40M |
| Los Altos +1 this week | 4 | $4M–$8.5M |
| Los Altos Hills +1 this week | 3 | $8M–$9.5M |
| Portola Valley | 3 | $4.5M–$10.5M |
| Menlo Park +2 this week | 6 | $1.5M–$4M |
| Saratoga +2 this week | 9 | $2.5M–$23M |
| Other Bay Area cities | 300 | $500K–$14M |
Want details on a specific city? Reply to this email and Marie or Kevin will be in touch. |
Recent MK Group Closings | 2928 Bryant St Palo Alto, 94306 5 bd · 4 ba · 3,138 sqft $7,210,000 · Represented buyer |
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 | 830 Monte Rosa Dr Menlo Park, 94025 4 bd · 5.5 ba · 3,110 sqft $5,250,000 · Represented buyer |
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 | 315 Colorado Ave Palo Alto, 94306 4 bd · 3 ba · 1,856 sqft $4,378,000 · Represented seller |
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If you are weighing a purchase or a sale, or would like the detail behind any town's quiet-market figures, simply reply to this email and Marie or Kevin will answer personally. 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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