Top percentage homes sold over listed price in Burlingame, Cupertino, Menlo Park, Mountain View , Palo Alto and Redwood City

With Nasdaq composite index closed over 5000 earlier this week for the first time in 15 years, the real estate market in Silicon Valley continues to stay strong with high demand and low inventory. Apple based in Cuppertino is now the world ‘s largest company, joining the Dow Jones Industrial Average on March 19. Google in Mountain View ranks the third and dominates the market for Internet search advertising, and Facebook in Menlo Park now the No.5 in Nasdaq’s ranking dominates social networking industry. All these companies also help to make the Bay Area real estate moving higher.

1541 Bernal Avenue, Burlingame:  Approximately 2,080 interior sq ft home on a 6,000 sq ft lot with 4 bedrooms and 2 full bathrooms located in Burlingame, was sold for $2,250,000 which is $1,082 per square feet.

Cupertino  –  10501 Florence Drive:  4 Bedrooms & 3 Bathrooms | 2,629 interior sq ft | 13,114 sq ft lot : Sold for $2,800,000 which was $602,000, 31 % over listed price of $2,198,000.

10501 Florence Drive, Cupertino: Completely Remodeled home features has 4 bedrooms and 3 full bathrooms with 2,629 interior sq ft on a 13,114 sq ft lot. Interior features gourmet chefs kitchen, granite counter-tops, 6 burner gas range, stainless steel appliances as well as a grand open great room with wall of windows for natural lights was sold for $2,800,000 which is $1,065 per square feet.

Menlo Park  –  231 East Creek Drive:  3 Bedrooms & 2 Bathrooms | 1,710 interior sq ft | 8,662 sq ft lot : Sold for $2,880,000, which was $691,000 , 31% over listed price of $2,189,000.

231 East Creek Drive, Menlo Park: Located in Linfield Oaks neighborhood, this recently updated, remodeled chef kitchen home has 1,710 sq ft home with 3 bedrooms and 2 bathrooms on a 8,662 sqft lot was sold for $2,880,000 which is $1,684 per square feet.

Mountain View  –  847 Harpter Drive:   3 Bedrooms & 2 Bathrooms | 1,197 interior sq ft | 5,044 sq ft lot : Sold for $1,525,000, which was $330,000, 27% over listed price of $1,195,000.

847 Harpster Drive, Mountain View: This conveniently located home (2 blocks to downtown Mountain View) with 1,197 sqft of interior living area on a 5,044 sqft lot with 3 bedrooms and 2 bathrooms. This home was sold for $1,525,000 which is $1,274 per square feet.

Palo Alto  –  4186 Willmar Drive:   3 Bedrooms & 2 Bathrooms | 1,415 interior sq ft | 8,050 sq ft lot : Sold for $2,667,000 , which was $472,000 , 21% over listed price of $2,195,000.

4186 Willmar Drive, Palo Alto: Charming home located in the green acres neighborhood which features 3 Bedrooms and 2 Bathrooms was sold for $2,667,000 which is $1,884 per square feet

Redwood City – 3943 Lonesome Pine Road:  4 Bedrooms & 3 Bathrooms | 2,370 interior sq ft | 20,970 sq ft lot : Sold for $1,858,000 , which was $269,149, 17% over listed price of $1,588,851.

3943 Lonesome Pine Road, Redwood City: Pristine, tastefully updated home which features 4 Bedrooms and 3 Bathrooms was sold for $1,858,000 which is $784 per square feet.

For any of your real estate needs, please contact Henry Chu at Today Sotheby’s International Realty.