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Why Is Demand High for Atherton Houses?

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You may have heard that prices for single family homes in Atherton are some of the highest in the United States, so why are so many buyers looking for Atherton houses for sale?

There are many trends causing the continuing increases in housing prices and the demand for single family and luxury homes in Silicon Valley.

Location:

The Bay Area is unique in that one of its major industries, the tech industry, requires highly qualified personnel who demand high salaries. This allows a significant amount of the population to own their home despite rising prices.

Additionally, the Bay Area offers residents a great climate and conditions for gardening, hiking, cycling, horseback riding, and other opportunities for outdoor recreation. The economic centers of Silicon Valley offer culture, dining, shopping, and educational opportunities.

Types of Homes:

During the pandemic, many people decided to leave dense areas in larger cities like San Francisco and Oakland for more suburban areas. People were being asked to work and school their children at home which made owning single-family houses a priority. The California Association of Realtors (CAR), pointed out in their end-of-year report that first-time homebuyers were at a decade-long high at the height of the pandemic in 2020. People became used to spending their leisure time at home and wanted yards and bigger dining and living rooms. Atherton houses for sale became very popular for people seeking a suburban area with larger lot sizes.

Although offices have reopened, many employers are offering increased flexibility for working at home and COVID case numbers are currently on the rise, so this trend may continue for some time. For many owning one’s own home is a buffer against uncertainty.

Interest Rates: Currently interest rates in the United States are at record lows. The 30-year fixed mortgage rate is just over 3% currently and is expected to increase by about a half percentage point over the next year.

How Can You Find Homes for Sale in Atherton?

A real estate agent can help you find the perfect home in Atherton, CA. Local real estate agents are experts in the market and can show you the perfect homes to meet your needs. They can help you negotiate and close the deal successfully. Contact a real estate agent to help you buy or sell in the Silicon Valley area.

Aria Vatankhah
Founder of Milad Real Estate
Real Estate Broker/Attorney at Law.
"Our focus is on YOU, to help you achieve your real estate goals."


Phone: 650-799-8168
Fax: 650-391-9615
Email: aria@miladrealestate.com

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