A View of Atherton From Real-Estate Agents

Atherton, Calif., is the mansion Mecca for many of Silicon Valley’s tech multi-millionaires. And so far in 2009, even though home sales and median property sale prices in the town have slowed from a year ago, The Wall Street Journal found that there hasn’t been as little activity as some techie buyers might think.

So how do some real-estate agents who sell homes in Atherton see it? Catherine Marcus, a real-estate agent in the area for Sotheby’s International, says that home sales in the posh town were slow at the beginning of the year. “Nobody was buying and it was very scary,” she says. But “listings since July and August are getting snapped up,” she adds.

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