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San Mateo

Featured Open Homes Notable Listings / Sales

Spectacular villa retreat in San Mateo

March 22, 2019

Where: 212 Eaton Road, #31, San Mateo CA, 94402

Located inside a Santa Barbara Spanish-style building in the Baywood neighborhood, this breathtaking penthouse unit offers classic architecture blended with modern luxuries. Featuring three bedrooms and two baths, the spacious unit includes your own private rooftop deck with panoramic views, as well as a fountain rose garden outside.

The living room boasts a 15-foot exposed wood-beam ceiling and a gorgeous layout. Hardwood floors, dramatic picture windows, arched wooden doors, crown molding and incredible detailing are just a few of the many reasons this villa retreat is one of the most highly desirable pieces of real estate in San Mateo County.

See the full listing.

Take the virtual tour.

Or get a glimpse of this incredible property for yourself during our open houses this weekend, running Saturday and Sunday from 1 to 4 p.m.

Listed at $1,398,000 by Que Foor of Alain Pinel Realtors’ San Mateo office.

Looking to live in San Mateo? See more homes for sale.

Notable Listings / Sales

Featured home: 201 Surfbird Isle in Foster City

June 9, 2017

A waterfront oasis in San Mateo County
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Where: 201 Surfbird Isle, Foster City, CA 94404 (Listing | Tour)
With an unmatched end-of-island location in Foster City, this stunning home sits on a wide waterfront with ideal sun exposure. Extensively remodeled in 2005, this energy-efficient property offers luxurious amenities and a low-maintenance space ideal for entertaining and today’s active lifestyles. Gleaming bamboo and fine carpeting cover the floors, including a spacious master suite, office with prime water vistas and a tech-friendly home movie theater. The contemporary kitchen is the heart of the home and features a cathedral ceiling, opening skylight, custom white oak cabinets, natural stone surfaces and sliding doors to the outside deck. The master suite is its own sanctuary having access to a private deck and spa.
An expansive waterfront deck with bench seating allows you to entertain a crowd or to hold smaller, more intimate gatherings with close family and friends. From here you can watch passing boats or enjoy the beautiful nature of the area. Foster City provides small town ambiance with big amenities, and being just minutes away from freeways, shopping and San Francisco attractions, this estate is its own convenient oasis.
The 2,290 square-foot home and property include:

  • 3 beds
  • 3 baths
  • 2-car garage
  • Direct access to waterfront
  • Boat docking and water sports equipment storage
  • Bamboo flooring and vaulted ceiling
  • Energy-efficient and low-maintenance space
  • Home theater system

Listed as $2,428,000 by Sue Dickey of the San Mateo office


 

Notable Listings / Sales

Featured home: 74 Barry Lane in Atherton

April 14, 2017

Fine private estate with a multitude of amenities
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Where: 74 Barry Lane, Atherton, CA 94027 (Listing | Tour)
Located in West Atherton’s exclusive Barry Lane cul-de-sac, this stunning home is a mere stroll away from top-rated Las Lomitas schools and downtown Menlo Park. The estate was meticulously designed by world-renowned architect Andrew Skurman on roughly 1 acre of land that provides the utmost privacy. With a countless number of luxury amenities, this home meets all your entertaining needs. A pool, spa, three-hole chipping and putting green, sports court, and movie room will create endless delight for your family and friends.
Impeccable landscaping and a must-see pavilion create a beautiful setting in this San Mateo County gem. With tremendous attention to detail and its prime location, this home lends itself to both formal and everyday living.
With more than 6,500 square feet, the home and property includes:

  • 5 beds
  • 7 baths
  • Vaulted ceilings
  • Hardwood floors
  • Pool and spa
  • Three-hole chipping and putting green
  • Sports court
  • Movie Room
  • Security gate and alarm system

Listed as $12,945,000 by Joseph Bentley of the Menlo Park office


 
 

Notable Listings / Sales

Featured home: 4105 Woodside Road in Woodside

January 27, 2017

An equestrian paradise sitting on 12 private acres
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Where: 4105 Woodside Road, Woodside CA 94062 (listing | tour) 
An escape from the fast pace of the Peninsula, this Monterey Colonial in San Mateo County is an equestrian lover’s dream. Hidden away from the street, the home rests on 12 acres of lush, private landscape, just across from miles of beautiful trails at Wunderlich Park. Meeting all your equestrian needs, the grounds include an indoor exercise area, 17-stall barn, and regulation dressage arena.
Just a short commute to excellent Portola Valley schools and all of Silicon Valley, this classic property in Woodside boasts picturesque scenery on the outside and luxurious detail on the inside.
The 4,580 square-foot home and property include:

  • Four bedrooms and four baths
  • Hardwood and tile flooring
  • Three-car garage
  • Kitchen with island, granite slab countertops, and cathedral ceiling
  • Integrated fireplace in the living room
  • Crown moldings and crystal chandelier in the dining room
  • Exotic bird sanctuary
  • Multiple gardens and pond

Enjoy the colorful rose gardens and redwood groves, sitting on the open pastures and intertwined among the multiple facilities that fit all your equestrian needs.
Listed at  $13,900,000 by Scott Dancer of Alain Pinel Realtors – Woodside.
View more homes for sale in Woodside | Visit our Redwood City & Woodside community page


 

Notable Listings / Sales

Featured home: 9 Summit Road in Woodside

December 2, 2016

9 Summit Road, WoodsideWhere: 9 Summit Road, Woodside (listing | tour)
Newly listed, this contemporary home is a unique must-see. The beauty of the design and the quality of the construction is sure to impress. The open floor plan, soaring ceilings and beautiful finishes make this special property the perfect quiet getaway and the ideal place to entertain friends and family.
The 2,650 square foot home has two bedrooms, one elegant and airy master bedroom and an spacious second bedroom, plus two well-appointed baths. A massive, gourmet kitchen makes prepping family meals a joy and entertaining easy. Tackle projects in the sun-lit study with built-in cabinets or the large workshop above garage, then relax in front of the family room’s fireplace. Enjoy panoramic views of the redwoods and Silicon Valley from one of the home’s tree-shaded decks—and don’t miss the view from the meadow.
Listed at $4,195,000 by Loren Dakin of Alain Pinel Realtors – Menlo Park Downtown.
View more homes for sale in Redwood City & Woodside | Visit our San Mateo community page

Notable Listings / Sales

74 Barry Lane in Atherton

October 28, 2016

Discover one of the Bay Area’s finest private estates

Barry Lane EstateWhere: 74 Barry Lane, Atherton (listing | tour)
This stunning home, designed by world-renowned architect Andrew Skurman, includes meticulous architectural details and attention to design which lend this home to both and everyday living. With six bedrooms and three full and three half bathrooms, this home combines grace and elegance with countless luxurious amenities for your entertaining needs. A pool, spa, three-hole chipping and putting green, sports court, movie room, and a must-see, gorgeous pavilion create the perfect setting for your family home. Very private and situated on 1.01 acres in West Atherton’s exclusive Barry Lane cul-de-sac, this impeccably landscaped home is a pleasant stroll from top-rated Los Lomitas schools and downtown Menlo Park.
Offered at $13,995,000 by Joe Bentley of Alain Pinel Realtors – Menlo Park.
View more homes for sale in Atherton | Visit our San Mateo County community page

Market Updates

Luxury is Alive on the Peninsula

April 21, 2014

Author: Rainy Hake, Executive Vice President, Alain Pinel Realtors
This article ran in the April 18th, 2014 Palo Alto Daily News publication Premier Homes, pg 10.

Last week, it was announced that the “Copper Beech Farm” estate in Greenwich, Connecticut sold for $120 million. While the property sold for $70 million below the original asking price of $190, the 51-acre estate still captured the title as the single most expensive home sale in the country ever.
While the Bay Area might not be home to the highest single-family home sale in the nation, it is no stranger to luxury. The highest property currently on the market is the impressive $69.8 million “Flood Estate,” sitting on over 90 acres in Woodside. Communities in the Bay Area – including Atherton, Menlo Park, Los Gatos, Los Altos Hills, and many more are known for their high-end homes that fetch some of the highest average prices in the country. It is no surprise that they are consistently among the most expensive zip codes in the nation.
As we wrap up the first quarter of the year, the report remains much the same as it has in the previous year – with constrained inventory, prices are continuing to elevate, while the number of sales are slightly down when compared to last year. It will really be this next quarter that communicates the true economic direction for the year, as warmer weather and seasonal changes usually draw more sellers to the market.
While this is the case for the general real estate market, when you look at the highest price points in the Bay Area, you will see a more favorable story. If you look at Santa Clara and San Mateo counties – there are a considerable number of homes over $3 million on the market (94 and 95, respectively). While this may not seem like many, when you look at supply and demand at this price point it is reflective of a relatively healthy inventory.

What is most interesting in the numbers is the year-over-year increases we are seeing. While the rest of the market is slightly down when it comes to number of sales (-9% in Santa Clara County and -6% in San Mateo County), we are seeing high double or even triple-digit increases in the number of sales of homes priced over $3 million and $5 million – and 2013 was a good year! For both Santa Clara and San Mateo counties almost half of the quarter’s sales over $5 million happened in March alone.
While these numbers are fairly impressive, they are actually understated because these numbers are taken directly from the MLS – and at the highest ends of the market, we see more “off-market” listings and transactions. So, if anything, this means that the actual activity in the luxury market is even better than statistically reported.
As we enter the spring, one thing is clear – the luxury and high-end market is alive and well in the Bay Area.


rhakeAbout Author:

Rainy Hake currently serves as the Executive Vice President of Alain Pinel Realtors where she plays a role in managing the strategic direction of the company, and also oversees the Marketing, Technology, Training and Strategy departments. She has over 15 years of experience in the real estate industry and holds and MBA from the University of Oxford.
 
 
Featured Open Homes

OPEN HOUSE: 502 Coos Court in Foster City

March 7, 2014


Where: 502 Coos Court in Foster City (listing | virtual tour)
When: Saturday, March 8th, from 2:00-4:00 pm &
Sunday, March 9th, from 1:00-4:00 pm.
Listed at: $1,650,000
Prime Dolphin Bay cul-de-sac location, stunning 4 bedroom, 2.5 bath plus office home, with grand entrance, cathedral ceilings, open plan living room, gourmet chef’s kitchen, luxurious master suite, large private yard with flag stone patio & pool, custom finishes make this home a rare find. Walking distance to Boothbay Park, shops, elementary school, sports fields and waterfront dining.
502 Coos Court is listed by Michelle Bodley of Alain Pinel Realtors San Mateo.
See more homes for sale in Foster City. | Visit our Peninsula community page.

Market Updates

Bay Area Market Summary 2013

February 12, 2014


Overall, 2013 was a banner year in the Bay Area real estate market – especially in the luxury and higher end markets our region is known for. While we have known the real estate market has been rebounding, this past year we saw that recovery dramatically accelerate. While the numbers showed limited inventory and historically low interest rates, the headlines told stories of multiple offers and bidding wars. With an influx of cash from booming tech companies and international buyers, sales and prices reached or exceeded pre-recession peaks in many of our communities. In some areas, year-over-year numbers show double-digit increases. For Alain Pinel Realtors, this meant a record breaking year in which we closed $10.5 billion, a 19% increase over our 2012 sales.
For a more detailed look at 2013 and the year ahead, check out our summaries on specific regions below:
East Bay: Limited inventory of homes for sale continued to keep a lid on the number of sales while driving sales prices upward and time on the market downward. Unlike buying frenzies of the past, overpriced and/or poorly prepared properties didn’t attract buyers, while properties that were priced well received a lot of attention, resulting in many multiple-offer situations.  We anticipate a more moderate increase in home prices as inventory begins to increase and the anticipated increase in interest rates somewhat dampen demand compared to 2013 levels.
Marin: 2013 was the best of times, and it was the worst of times. We struggled with a low inventory of houses all year, yet the number of homes sold was very good. In terms of homes sold, 2013 was significantly ahead of 2012 (California’s first year of recovery after the recession), and in May, July and December, even outperformed pre-recession numbers. All-in-all, this is a very strong indication that the recovery is alive and well.
Monterey Bay: The Monterey Bay is probably one of the most diverse areas of California, with prices ranging from $80,000 to $80,000,000. While total number of sales remained relatively level, we’ve seen an increase in median home price. In Santa Cruz County, we have seen a new energy in sales of $1 million or more. In Monterey County, we are experiencing more sales and fewer listings, which means that prices will go up even more. The overall market is now on solid footing and we project that 2014 should show continued growth.
Peninsula: The entire region is experiencing one of the shortest inventory selections in years. Multiple offers still abound, yet in most cases, fewer than earlier last year. Agents are finding themselves reaching out to their co-workers for upcoming offerings and priming their clients to react as quickly as possible when the right property comes on the market. The coastal area had a phenomenal increase in activity in 2013 and offers tremendous value in 2014 compared to many Peninsula areas. Although multiple offers are somewhat common in that market as well, they are not experiencing the frenzy that many Peninsula communities are.
San Francisco: The market continues to be a seller’s market with price appreciation continuing to rise in 2014. In most San Francisco neighborhoods, there is a shortage of available homes; however, record-low rates continue to drive buyers into the City. In addition, cash offers are plentiful, fueled by Silicon Valley and Pacific Rim buyers. New condominium developments will provide much needed product in 2014 on the Van Ness Corridor and Market Street. Multi-family and apartment buildings will continue to be sought after by value investors, motivated by record high rents paid by newcomers.
Silicon Valley: Because of the shortage of inventory and an excess of buyers, many transactions experienced multiple offers, with most properties selling over the listed price. Although the total number of sales was off slightly from 2012 (-5%), there was a dramatic increase in the median sale price (+23%). It is expected this robust marketplace to continue into 2014, especially during the first six months. Elements that will influence the rate of appreciation and level of activity in 2014 are: interest rates (it is anticipated they will rise), scarcity of inventory, and overall economic health.
Wine Country: While generally speaking the number of sales in the region was slightly fewer in 2013 than 2012, the average sales prices were significantly higher. 2014 is starting very strong as dryer conditions and warmer weather have resulted in many consumers flocking to the region. The hills may be brown instead of their lush winter green, but it’s great for wine country real estate, which traditionally doesn’t take off until the second quarter.
Overall, as we look towards 2014 in the Bay Area, we expect a healthier, balanced market. Lured by increasing prices, and new-found equity in their homes, we expect more sellers to enter the market, slowly increasing inventory. Some wild cards for buyers include interest rates, interest deductions and mortgage reform, and the actions of the Federal Reserve, which all can impact housing affordability. However, we expect sustained demand for home ownership and continued, but slower, growth in sales and home prices – leaving plenty of opportunity for buyers and sellers in 2014.
This article recently published in the Winter 2014 Exquisite Living.


About Exquisite Living

Exquisite Living is a premier digital luxury magazine presented by Alain Pinel Realtors. The magazine immerses readers in the luxuries of the Bay Area and beyond as one flips through luxury trends, market updates, community spotlights, and of course some of the most magnificent homes and estates.
 
 
 
 
Buyer / Seller Information Market Updates

Possible Relief For Buyers? A Look at San Mateo County

July 2, 2013

Author: Rainy Hake, Executive Vice President, Alain Pinel Realtors

As the summer heats up – so has the market! At Alain Pinel Realtors, we just finished our best month on record – writing and closing just over $1 billion in a single month. This was aided in large part to the increases we are seeing in home prices across the Bay Area. According to DataQuick, a reporter of MLS data, the median home price in the nine-county Bay Area hit a 5-year high last month at $519,000. This is the highest median price seen since March 2008.

The story on the Peninsula is very similar, but magnified due to the highly desirable Peninsula neighborhoods and communities that are able to garner top dollar. Let’s take a look at the numbers from the most recent month in San Mateo County:


Prices are up. The numbers on the Peninsula are clear – prices are rising. In May 2013, the median price of sold homes hit $957,000 – not only a 25% increase from last year, this also marks the 4th consecutive month that prices are up over the previous month.

Sales are up. While sales overall are down slightly (2.9%) from last year, we are still seeing large increases month-to-month (up 13.7%). In fact, this month represents the 5th consecutive month that the number of sales has increased.

A lot of the numbers can be explained because of inventory. Inventory, measured by months of inventory (the amount of time it will take to eliminate all current inventory in the market based on current sales), has remained constrained for well over a year now. It currently stands at 1.3 months in San Mateo County and we have not seen anything higher than 1.8 in the past 15 months. 

With such low inventory, buyers have seen an incredibly competitive market that has driven up prices. It is worth noting that houses are still selling – they’re just selling at a very quick pace, not allowing the inventory to build up. This means there are still many new listings coming on the market for buyers; they just don’t stay long.

While the numbers are able to tell you a decent amount about the market today, we are starting to hear about some changes from our agents on the ground. Interestingly, while the past several months have been filled with stories of multiple offers, we’re hearing that is beginning to slow down. Instead of the 10 offers we have been seeing, our Palo Alto office has reported seeing 3-5 offers on well-priced homes. However, the buyers are still motivated, coming in with strong competitive offers. Hopefully for well qualified buyers, the slight drop in the number of multiple offers coming in offers some relief. Previously we were seeing buyers making around 9 offers before finally landing their dream home.

Another interesting development for buyers to watch is interest rates. According to FreddieMac, the rate of 30-Year Fixed-Rate Mortgages ticked up to 3.93% earlier this month, whereas it has been hovering around 3.5% all year. While this is a minor uptick, it does emphasize a point we’ve made here before: these historically-low rates are not permanent. While I’ve noticed several articles about the interest rate increase that may scare off buyers, these rates are still incredibly low and should be taken advantage of. Increasing interest rates could still result in some buyers (especially investors) exiting the market.

While there are still great opportunities for sellers, there seems to be some movement opening opportunities for buyers. With the recent surge in prices, it likely will bring a surge of potential sellers, looking to list their home and take advantage of their new equity. There is no doubt about it – this still is a very competitive market. However, with some buyers exiting the market, a decrease in multiple offers, and a possible increase in inventory coming, we might finally be seeing some welcomed relief for potential buyers. While the overall effect all of this will have on the market will not be known for some months – it does seem that hints of change are in the air.

This article recently ran in the July 28th, 2013 Palo Alto Daily News publication Premier Homes.


About Author:

Rainy Hakecurrently serves as the Executive Vice President of Alain Pinel Realtors where she plays a role in managing the strategic direction of the company, and also oversees the Marketing, Technology, Training and Strategy departments. She has over 15 years of experience in the real estate industry and holds and MBA from the University of Oxford.