That's saying something when you are talking about $10 million-plus estates. Sobrato Development 73 Atherton Jeffrey Skoll $3.7 billion #363 120th eBay 48 Woodside Reid Hoffman $3.1 billion #437 144th LinkedIn 45 Palo …
Just in the first quarter of 2014, there were seven sales of mansions in Atherton in excess of $10 million.
Ken Deleon of Deleon Realty just sold a mansion in Atherton for $14 million to a Chinese buyer in 72 hours.
as well as other partner offers and accept our
Scott Olson / Getty Images
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Deleon is on track to do $500 million in sales this year.
The town is 45 minutes south of San Francisco, and less than 20 minutes to the headquarters of Facebook, Google and most of the major tech companies in Silicon Valley.
Real estate brokers say last year there was a frenzy of buying for homes in the $5 million range, but this year demand is shifting to the even more expensive houses. In fact, Atherton is the most expensive real estate ZIP code in the entire United States. "One of the reasons Atherton is so hot right now is that Brokers say their buyers are all cash and that investors from China will often pay for a mansion sight unseen.
According to a recent survey by Forbes.com, the small town in the heart of Silicon Valley has been called the most expensive ZIP Code, 94027, in … Google Earth High-end homes in Atherton are selling like hotcakes, and often over the asking price, and frequently for all cash. Atherton. Everything that drives the tech sector, the local economy, venture capital, private equity.
Krista Kennell / Shutterstock And of course we are the center of technology. Melia Robinson/Business Insider
Hi my name is Michael, i currently live in Atherton Ca with my mom.
The average home price is up close to 40 percent year over year, according data compiled by several Silicon Valley real estate agencies. Melia Robinson/Business Insider And that's nowhere more evident than here in Atherton, California. The tech sector is doing well.
2017-10-07T15:00:00Z
Melia Robinson/Business Insider
So that, more than anything, drives our housing market," said Tom LeMieux of Pacific Union International, a real estate firm. Updated 1:43 pm PST, Thursday, December 28, 2017 Image 1 of / 37. And it's where Silicon Valley billionaires from Paul Allen to Eric Schmidt call home.
"We have a market here with high demand, low supply.
Melia Robinson/Business Insider
Melia Robinson/Business Insider
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