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FOR THE WEEK OF April 14th to 20th, 2025
Greetings,
As we move through April, the Bay Area real estate market continues to build momentum, marked by impressive luxury closings and active buyer engagement across a wide range of neighborhoods.
Market Highlights (April 14–20):
This past week showcased both headline-making luxury sales and brisk movement in highly competitive price points:
- Portola Valley & Woodside: A stunning $25 million estate closed in Portola Valley, alongside a $10.5 million sale in Woodside—further reinforcing the strength of the ultra-luxury segment on the Peninsula.
- Sunnyvale led the region in the number of homes sold, closely followed by Palo Alto, both reflecting ongoing demand and buyer confidence.
- Los Altos, Menlo Park, and Redwood City remained active with healthy sales volumes and strong final sale prices.
- In San Carlos, every home that closed last week sold for double-digit percentages above the asking price—a clear signal of multiple-offer competition and limited inventory.
Pending Activity:
- Two Atherton homes—each priced around $11 million—went into contract in less than a week, underscoring continued demand at the highest price tiers.
- Sunnyvale and San Mateo led the way in pending transactions, fueled by well-priced listings and decisive buyers.
- Los Altos, Menlo Park, and Redwood City continued to see steady pending activity, with homes across various price ranges moving quickly.
Looking Ahead:
From exceptional luxury closings to intense mid-market competition, the Peninsula continues to rank among the nation’s most competitive real estate regions. With interest rates stabilizing and spring inventory gradually rising, savvy buyers are acting fast—especially on homes in prime condition and locations.
If you’re considering making a move this season—whether buying, selling, or simply evaluating your options—we’d love to help you strategize and make the most of this active market.
Wishing you a sunny, successful week ahead!
Warm regards,
Henry Chu and Denise Liew
Presented by Henry Chu
The Sotheby’s International Realty® brand’s 2025 Luxury Outlook℠ report explores global trends in high-end residential markets and forecasts key developments for the year ahead. It highlights how the US$84 trillion intergenerational wealth transfer will reshape investment dynamics, while anticipated price normalization in 2025 may present strategic entry points in key markets. The report tracks where 135,000 high-net-worth individuals are projected to relocate in the coming year, offering insights into luxury hubs around the world, and how “Best Place to Live” rankings impact property values and inventory – from Vienna, Austria to Naples, Florida.
The 2025 Luxury Outlook report, exclusively presented by Sotheby’s International Realty, provides essential navigation through today’s dynamic real estate market to help you make informed decisions.
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