The answer really is "it depends". In general, I'd say the area is holding its value well -- not depreciating but also not making leaps and bounds (relative to other areas with good school districts). As you know, Emerald Hills has a wide variety of lots, styles and sizes of houses, not all of which will appeal to every buyer out there. An updated house, good sized and relatively flat lot, easy to get to -- that's what the majority of buyers in Redwood City are looking for, which is why homes in areas like Edgewood Park, Mt. Carmel, and Woodside Plaza tend to sell exceptionally well. Some homes in Emerald Hills sell quickly, but it really comes down to whether it's priced well. True, views are phenomenal up in the Hills, but homes with steep lots, narrow roads, and not much on-street parking will only appeal to a smaller segment of buyers out there.