We hope this note finds you enjoying the season and taking time to connect with the people who matter most. Living in this exceptional community is something we never take for granted, and we wish you a holiday filled with joy and good health.

As we wrap up 2025, this final market update is encouraging. Just look at the stats below that tell a compelling story for our local markets.

While many assume the market pauses during the holidays, January often sparks the true beginning of the spring season. For sellers, preparing now creates a strong advantage to beat the competition. For buyers, reduced multiple offer situations can open valuable opportunities.

Buyer demand continues to be strong. The interest rate cut this week, and more anticipated in 2026, are fueling renewed optimism for homeownership.

Having represented more than 700 local sellers and buyers, we know how to position your home for maximum impact and how to negotiate the right outcome for your next move. We will be available throughout the holiday season by call, text, or email.

We wish you and your family very happy holidays!

Portola Valley

• Record-high median and average prices
• Median price up 6%
• Average price up 16%
• Median days on market just 13

There was a closed sale for $56 million in November, by far setting a new record in Portola Valley (previous high was $25 million). New listings in November were just 4, which is typical as the holidays approach, yet sales remained strong at 9 – the third-highest month this year. 

Woodside

• Median price down 15%

• Average price up 17% (thanks to an $85 million sale)

• High-end strong with 8 sales for more than $10 million (and more off-market)

New listings in November were just 2, which is typical as the holidays approach, yet sales remained strong at 7 – the fourth-highest month this year. 

Atherton

• Median price up 17%

• Average price up 15% to record high of $11,477,000

• 9 sales for $20 million+ (and more off-market)

New listings in November were double what they were last November, and sales remained strong at 9 – tied with March as the greatest number of sales by month this year. 

Menlo Park

• Median and average prices on par with last year

• Median and average both $3.3M+/-

• High-end strong with 3 sales over $10M and 14 over $7M

New listings in November were 15, 5 fewer than last November. Sales, at 26, were stronger than last November, but the volume was the fourth lowest month this year.

Palo Alto

• Median price up 5%

• Average price up 8% to $4,607,165

• High-end strong with 12 sales over $10M and 37 over $7M

New listings were double those of last November. Sales, at 30, were 3 fewer than last November, and the volume was the fourth lowest month this year.

Los Altos and Los Altos Hills

• Record high average price in Los Altos Hills of $6,310,568
• 
Record high average price in Los Altos of $5,138,713
• 
High-end strong with 14 sales over $10M (5 in Los Altos and 9 in Los Altos Hills)

The number of sales in Los Altos Hills in November was the third strongest monthly volume this year. In Los Altos, it was the third-lowest volume of sales.