Portola Valley Real Estate Market Trends, Average Home Prices

Silicon Valley Real Estate | JLee Realty

Our Portola Valley market trend charts below were updated: Mar 31, 2024. We've calculated our unique Portola Valley trend graphs using all sales records available from MLSListings, the multiple listing service used by nearly all licensed Silicon Valley real estate agents when listing real estate for sale.

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On Mar 31, 2024, current quarterly market statistics for Portola Valley houses

  • Portola Valley house median sale price: $3,925,000
  • Portola Valley house average sale price: $4,227,358
  • Portola Valley days on market: 19
  • Portola Valley number of houses sold: 15
  • Portola Valley sale price to list price for houses: 103%

Effective annual percentage change in median sq.ft. sales price over last:

  • 5 years (2019 to 2024): 2.7%
  • 10 years (2014 to 2024): 4.1%

Early in the quarter there may not be any closed escrows to report. Effective annual percentage change can not be calculated if there were no sales in one of the years.

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Portola Valley

Cheapest House In
Portola Valley

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Recent Portola Valley Real Estate Trends - highlights we see on 3/20/2024

Portola Vally house prices per sq.ft. have fared similar to San Mateo County wide prices over the last 5 years with a 2.7% rate and over the last 10 years with a 4.1% rate. Sales prices vs list prices are relatively neutral but just changed from favoring buyers to favoring sellers. Days on market are very low.

Introduction To Extensive Portola Valley Real Estate Market Trends

For most areas, houses are the most common type of home sold. To quickly spot changes in the Portola Valley real estate market view Portola Valley house prices per sq.ft. and Portola Valley house sales price vs. list price. Changes in the mix of houses sold in Portola Valley can change the average price even when the price per sq.ft. does not change. The sales price vs. list price graph flags changes in demand vs. supply. The numerous other trends graphed help you both understand and compare Portola Valley real estate to other areas. Recently completed townhouse and condo developments, because of their size, can have significant short term impacts on supply vs. demand for their respective home types but typically do not affect overall Portola Valley housing supply vs. demand trends.

Portola Valley Real Estate Trends - Houses

Short summary of 4 key Portola Valley home value trends for single family houses which can be printed

Portola Valley Real Estate Trends - Average and Median Home Prices Of Houses

When trying to understand Portola Valley home prices, the first and most often real estate trend looked at is either average sale price or median home sale price. The average price can be pushed up by a particularly expensive home being sold. Much less often an especially low price for several homes can push the average price down. By looking at both average and median home prices, a quick judgment can be made about any unusually high or low prices.

Graph of the Quarterly Median and Average Portola Valley Home Prices for Houses - Portola Valley Real Estate Trends

Quarterly Average and Median Portola Valley House Prices

Graph of the Monthly Median and Average Portola Valley Home Prices for Houses - Portola Valley Real Estate Trends

Monthly Average and Median Portola Valley Home Prices of Houses

Graph of the Yearly Median and Average Portola Valley Home Prices for Houses - Portola Valley Real Estate Trends

Yearly Average and Median Portola Valley Home Prices of Houses

Portola Valley Real Estate Trends - Home Prices Per Square Foot For Houses

The sales price of a Portola Valley house is affected by its size. Looking at price per square foot gives a partial adjustment for differences between houses. Furthermore if you look at the average size of a Portola Valley house sold you will see that it varies with time. Part of the variation is due to the random nature of which houses are being sold but there tends to be a increase in the size with time because when a house is replaced with a newer house, the newer house is almost always larger.

Graph of the Quarterly Average Price Per Square Foot for Portola Valley Houses - Portola Valley Real Estate Trends

Quarterly Average Portola Valley House Prices Per Square Foot

Graph of the Monthly Average Price Per Square Foot for Portola Valley Houses - Portola Valley Real Estate Trends

Monthly Average Portola Valley House Prices Per Square Foot

Graph of the Yearly Average Price Per Square Foot for Portola Valley Houses  - Portola Valley Real Estate Trends

Yearly Average Portola Valley House Prices Per Square Foot

Portola Valley Real Estate Trends - House Sales Prices vs. List Prices

Home buyers and sellers want to know the typical relationship between list price and sales price. This relationship varies with city and time. The plots below show this relationship for Portola Valley houses using color coding which generally highlights changes in the market. More Portola Valley homes being sold over list price is a very good indicator of rising home prices. More homes being sold under list price is a very good indicator of falling home prices.

Graph of the Quarterly Average Sales Price vs. List Price for Portola Valley Houses - Portola Valley Real Estate Trends

Quarterly Average Portola Valley House Sales Price vs. List Price

Graph of the Monthly Average Sales Price vs. List Price for Portola Valley Houses - Portola Valley Real Estate Trends

Monthly Average Portola Valley House Sales Price vs. List Price

Graph of the Yearly Average Sales Price vs. List Price for Portola Valley Houses - Portola Valley Real Estate Trends

Yearly Average Portola Valley House Sales Price vs. List Price

Portola Valley Real Estate Trends - Number of Houses Sold

A quick estimate of how active the Portola Valley real estate market is can be found by looking at the number of houses sold. Locally there is a strong seasonal change in the number of houses sold. The lowest number of houses sold typically occurs around December & January. The highest number of houses sold typically occurs around May. Price changes do not track the seasonal change in the number of houses sold.

Graph of the Quarterly Number of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Quarterly Number of Portola Valley Houses Sold

Graph of the Monthly Number of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Monthly Number of Portola Valley Houses Sold

Graph of the Yearly Number of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Yearly Number of Portola Valley Houses Sold

Portola Valley Real Estate Trends - Days On Market for Houses Sold

Many people look at "Days On Market", the average number of days a house is offered for sale before it sells, to spot changes in the Portola Valley real estate market. Increasing DOM implies buyers are not being as competitive to buy homes. This statistic also tends to have a seasonal variation. DOM is typically greater late in the year. Seasonal variation in this statistic can make it difficult to use this statistic to predict either rising or falling house prices.

Graph of the Quarterly Average Days On Market for Portola Valley Houses - Portola Valley Real Estate Trends

Quarterly Average Days On Market for Portola Valley Houses Sold

Graph of the Monthly Average Days On Market for Portola Valley Houses - Portola Valley Real Estate Trends

Monthly Average Days On Market for Portola Valley Houses Sold

Graph of the Yearly Average Days On Market for Portola Valley Houses - Portola Valley Real Estate Trends

Yearly Average Days On Market for Portola Valley Houses - Portola Valley Real Estate Trends

Portola Valley Real Estate Trends - Size of Houses Sold

The behavior of buyers and sellers can be somewhat different depending on the price of the house. There are times when low to mid-range homes are selling quickly but higher priced homes aren't or the reverse may be true. Generally house price is proportional to size in a given area. Locally newer homes are often larger than older homes. Looking at the average size of houses being sold can provide additional insight into the Portola Valley real estate market.

Graph of the Quarterly Average Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Quarterly Average Size of Portola Valley Houses Sold

Graph of the Monthly Average Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Monthly Average Size of Portola Valley Houses Sold

Graph of the Yearly Average Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Yearly Average Size of Portola Valley Houses Sold

Portola Valley Real Estate Trends - Lot Size of Houses Sold

As mentioned above generally house price is proportional to house size in a given area. Another factor is lot size. Most local cities limit the maximum size of house that can be built depending upon the lot size. A larger house can be built on a larger lot. Additionally local cities may allow a secondary dwelling if the lot is greater than a specified size (typically 8,000 sf).

Looking at the average lot size of houses being sold can provide additional insight into the Portola Valley real estate market. Lot sizes over 150,000 sf are excluded from the statistics to prevent the uncommon sale from pushing the average much higher than the median.

Graph of the Quarterly Average Lot Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Quarterly Average Lot Size of Portola Valley Houses Sold

Graph of the Monthly Average Lot Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Monthly Average Lot Size of Portola Valley Houses Sold

Graph of the Yearly Average Lot Size of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Yearly Average Lot Size of Portola Valley Houses Sold

Portola Valley Real Estate Trends - Age of Houses Sold

A brand new Portola Valley home typically sells for a premium price compared to a similar sized home in the same neighborhood. When looking at average Portola Valley home prices, the average age should be checked to see if prices are changing because of demand or because different types of houses are being sold.

Graph of the Quarterly Average Age of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Quarterly Average Age of Portola Valley Houses Sold

Graph of the Monthly Average Age of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Monthly Average Age of Portola Valley Houses Sold

Graph of the Yearly Average Age of Portola Valley Houses Sold - Portola Valley Real Estate Trends

Yearly Average Age of Portola Valley Houses Sold

Portola Valley Home Prices - Maximum and Minimum for Houses Sold

When trying to understand the Portola Valley real estate market, it is useful to take a look at the extremes of the sales price range. Average buyers and sellers in each price range may act differently.

Graph of the Quarterly Maximum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Quarterly Maximum Portola Valley Price of Houses Sold

Graph of the Quarterly Minimum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Quarterly Minimum Portola Valley Price of Houses Sold

Graph of the Monthly Maximum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Monthly Maximum Portola Valley Price of Houses Sold

Graph of the Monthly Minimum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Monthly Minimum Portola Valley Price of Houses Sold

Graph of the Yearly Maximum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Yearly Maximum Portola Valley Price of Houses Sold

Graph of the Yearly Minimum Price of Portola Valley Houses - Portola Valley Real Estate Trends

Yearly Minimum Portola Valley Price of Houses Sold

Use The Best Portola Valley Realtor

Save both your time and money by working with the best Portola Valley Realtor. The number 1 reason home buyers choose to work with a real estate agent is to get help "finding" the best home. Up to date knowledge and connections are key to finding the best home. However, there is much more involved than finding the home. After finding the best home, you will have to make the most attractive, competitive, offer. It is important to know that factors other than just money play a key part in the seller's decision. You will have to resolve any problems that pop-up so that escrow can close.

I negotiate over one hundred successful purchase offers each year. I have up-to-date experience and knowledge to plan and make a great offer. What if something goes wrong with your loan application or with something else? We at JLee Realty have the experience and connections to solve nearly all problems. Work with us, the best Portola Valley real estate agents. We know Portola Valley very well AND we know other nearby Silicon Valley cities. For 3 years in a row I was recognized as one of the three top, and most recently as the number 1 top Realtor nationwide at KW. The Juliana Lee Team has grown beyond what KW can provide and I now own and operate my own real estate brokerage for my team: JLee Realty, 4260 El Camino Real, Palo Alto CA 94306.

Our unique team approach splits up the various tasks when buying a home. You will work with both myself and a core member of the Juliana Lee Team who is also a top real estate agent. My buyer team specialist is especially skilled at helping you both find a home and to understand the tradeoffs you will be making. I discuss your purchase offer with you and negotiate with the seller. Get the support of two top Portola Valley Realtors (and the rest of our team) working closely together. Give us, the Juliana Lee Team, a call at 650-857-1000 or stop by our brokerage, JLee Realty, and let's talk about what you are looking for.

So far I've talked about buying real estate because it is not as well understood by home buyers as selling real estate is. When selling your home, it has to be advertised. It has to be promoted. The Juliana Lee Team has one of the most prominent real estate websites in Silicon Valley. It rates highly for key real estate terms in 35 Silicon Valley cities. If a home buyer searches for real estate trends or house prices in a Silicon Valley city, they will almost surely find julianalee.com on the first page of Google search results. In fact searching for "Silicon Valley real estate trends" will probably return julianalee.com in the first position or at least in a one of the first three. Similarly searching for "Palo Alto real estate trends" will probably return julianalee.com in one of the first three positions. We achieve similar excellent search results for nearly all Silicon Valley cities. We know how to promote successfully both digitally and in print.

Of course there is much more involved to sell your home than simply advertising it. The Juliana Lee team at JLee Realty has both a buyer team and a seller team. Our seller team gets current knowledge about what buyers are looking for from our buyer team. Our seller team also gets current knowledge about what problems buyers are currently facing and how the problems are minimized. If a buyer makes an offer to buy your home but runs into problems getting a loan, we can help with expert current advice. Since our buyer team gets potential buyers from our seller team, they want our seller team to be successful and knowledgeable about issues buyers are facing. Our buyer team can represent buyers while our seller team can represent sellers without a conflict of interest or loyalty.

Have you ever wondered what the difference is between a Portola Valley real estate agent and a Portola Valley Realtor? "Realtor" is a trademarked name owned by the National Association of Realtors (NAR). A Portola Valley Realtor is a real estate agent who belongs to NAR. Many purchase contract forms used locally are created by the California Association of Realtors (CAR) which is under NAR. The local Silicon Valley Association of Realtors (SILVAR), the Santa Clara County Association of Realtors (SCCOAR) and San Mateo County Association of Realtors (SAMCAR) manage access to the multiple listing service and establish standards of practice for local real estate agents.

If you want to learn more about buying or selling real estate, come to our free real estate seminar.