los altos hills real estate market report: Homes sold in Los Altos Hills March 2012 - Market Report - 04/24/12 01:43 PM
Being on of the most expensive luxury markets in the country is a big torch to carry.  Los Altos Hills is often cited as the #3 real estate market in the country, which is often reflected in the lofty prices for single-family homes.  Last year was a big recovery year and it look like that is continuing in 2012.  The average sales price in March 2012 was $2,836,556 which is down from $3,025,000 in February.  However, nine homes sold last month compared to only 3 the month before.  It's actually well below the spike in prices we saw last year with … (1 comments)

los altos hills real estate market report: Los Altos Hills real estate market report for September 2011 - 09/10/11 11:45 AM
Real estate sales in Los Altos Hills have done extremely well in 2011 and that continued in August even with the average sales price (ASP) dropping to $1,870,000 from about $2.6 million in July.  This is substantially below the ASP in August 2010 at $2.7 million.  Part of what drove the sharp price drop was the sale of several low priced properties.  The high-end market has cooled off but there are active buyers looking in the $4-15 million range.  The hottest market segment is in the $2-3 million range.There were 14 homes sold in August compared to 9 sold in 2010.  … (5 comments)

los altos hills real estate market report: Los Altos Hills Real Estate Report - January 2011 - 02/10/11 03:47 PM
The Los Altos Hills real estate market has started 2011 off with a bang!  Prices are showing strength with fewer new homes lower inventory, and all with the same number of homes sold.  While a single month does not make a trend, the fact that there are newer, larger homes being sold in Los Altos Hills at higher prices bodes well for a higher price-per-square foot.  The weakest part of the Los Altos Hills market in recent years has been new construction which is eaither not selling or selling at very low price-per-square-foot levels.
Inventory is lower than the same period … (0 comments)

los altos hills real estate market report: October Market Report - Los Altos Hills Real Estate - 11/08/10 02:55 PM
October was a mixed month for the Los Altos Hills real estate market.  As I said in my preliminary report, the sale of one $8 million home has skewed some of the value.  That's most evident in the percentage of listing price received.  That was down to 88% in October 2010, down from 95% a year ago.
The median and average sales prices were $2,150,000 and $3,012,000 respectively.  Last year, those figures in Los Altos Hills were $2,435,000 and $2,545,000.  So, the average is up (due to the one large sale) but the median is down.  Median has little meaning for … (0 comments)

 
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Bryan Robertson, Real estate broker Los Altos & Silicon Valley Luxury Homes

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