Palo Alto Area Real Estate Insider Blog

Menlo Park Real Estate continues to be an outstanding place to have a real estate investment or home, particularly in neighborhoods that have either the high scoring Las Lomitas Schools or the excellent Menlo Park City Schools. Since 1998 an averaged price home in Menlo Park has gone from $665,329.00 to $1,436,329.00: a real estate home appreciation increase of 215% over 10 years! Downtown Menlo Park is a big draw, with the greatest appreciation in the very desirable Downtown Menlo Park and Allied Arts Neighborhoods. The “Starbucks effect” can be seen in that home buyers crave an easy walk to a diversified, yet charming downtown district for meals out, simple errands and even grocery shopping. The following chart shows us that while prices have been trending upwards, appreciation was flat in 2007. You can see detailed home appreciation charts at graphs for all area cities by clicking on Market Trends. (more…)