Portola Valley Homes and Real Estate Sales
Peninsula residents who are looking for a more relaxed lifestyle are often attracted to Portola Valley which offers proximity to employment hubs and urban centers yet retains a rural quality as guided by the town’s General Plan that is committed to retaining a peaceful residential community within the natural features of the area.
There are a variety of architectural styles but most homes are ranches or contemporaries with vast expanses of glass to embrace the tranquil natural surroundings.
Real Estate Market Facts
Some key Portola Valley market indicators based on Multiple Listing Service data are as follows. The chart compares YTD statistics Q3 2018 to Q3 2019.
January- September 2018 | January-September 2019 | Change | |
---|---|---|---|
Number of Homes Sold | 50 | 51 | +1 Home |
Median Sale Price | $2,840,000 | $2,650,000 | -6.7% |
Average Days on Market | 54 | 62 | +8 Days |
Sale Price to Original List Price Ratio | 100.7% | 95.9% | -4.8% |
Market trends demonstrate the softening of the market as has been widely reported. When evaluating residential real estate it’s advisable to consider the long view. In 2009 the Median Sale Price of a Portola Valley home was $1,599,000.
If you would like an accurate assessment of value of your Portola Valley property, or if you would like to discuss whether this is the right time to make a purchase, we invite you to contact us. It would be a pleasure to be of service to you.
Quality of Life
Known locally as an area of natural beauty, Portola Valley’s lifestyle includes a lot of emphasis on outdoor enjoyment.
Here are a few distinctive community features:
- The Windy Hill Open Space Preserve is a popular destination for hikers. Some trails are designated for cyclists, equestrians, or dogs on leashes.
- Bicycling the “Loop” is a favorite activity in Portola Valley.
- Alpine Hills Tennis & Swim Club, Ladera Oaks Swim Tennis and Fitness Club, and the Ladera Recreation District (open to residents and non-residents) offer a wide array of classes and outdoor activities in close proximity.
- Portola Valley residents support and take great community pride in their outstanding public school district, grades K through 8th
- The Alpine Inn – a local beer garden and hamburger establishment with a colorful history. Known to many locals as “Zotts”, the nickname of the former restaurant name, Rosotti’s.
Contact us to put our knowledge and creativity to work for you!
Town of Portola Valley Website