San Francisco Peninsula real estate is characterized by numerous “micro-markets” and today we visit North Los Altos. This area is anchored by shopping, schools and restaurants located within close proximity to San Antonio Road. Main Street is a local hub for shopping and restaurants. Lots tend to be larger than average (see below) and homes range from ranch style homes to newer construction.
The SF Peninsula real estate market is characterized by limited space for new development and growth; therefore, older homes are often purchased and then replaced with new construction. Larger lots can command a premium for new development.
Currently our Multiple Listing Service indicates 19 active class one (single family homes) listings with an average list price of $2,439,158 on an (average) 11,089 sq foot lot. The MLS indicates 16 pending sales as of todays date with an average list price of $1,544,938 on a 12,446(average) sq foot lot. (Information provided by MLS deemed accurate but not guaranteed)
Tomorrow we visit Woodside Glens located close to 280 and downtown Woodside.