CNBC - Atherton mansion madness: Homes of the rich and (tech) famousMay 9, 2014
Homes prices and demand in America's most expensive zip code, Atherton, has surged according to data compiled by local real estate agencies. Home prices have increased by almost 40% year over year. Brokers say last year's sales were in the $5 million range, but the demand this year is for even more expensive homes. For example, top agent Ken DeLeon sold a home for $14 million to buyer within 72 hours of listing the property. There were seven sales of mansions in Atherton in excess of $10 million in the first quarter of 2014.