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david blockhus: January 2009 Single Family Home Sales Statistics For Los Altos, California - 03/04/09 02:41 PM
Los Altos single family home sales were down in January 2009.  However, given the state of home financing and consumer confidence, I expected the numbers to be even worse.  Below is an 11 year history of Los Altos single family homes that have sold in the month of January.    
A quick calculation shows that the eleven year average for home sales in January is 18, new listings is 35 and inventory is 52.  In January 2009, we were at 7 sales, 41 new listings and 76 homes in inventory.   The trend of fewer sales and more inventory continues...

The chart below shows the average and … (2 comments)

david blockhus: Two reason's Investors are Purchasing Los Altos Real Estate. - 03/04/09 01:43 PM
Sue McAllister had an interesting article in the San Jose Mercury News.  The topic of the article focused on who is buying homes in our declining real estate market.  Her conclusion; first time home buyers and investors made up the majority of today's home buyers. 
Below is an example detailing one investor's reasoning for purchasing a single family home in Los Altos as an investment.   
I represented the seller of a property in south Los Altos that closed escrow in December  2008.  The buyer completed a 1031 exchange, selling two properties in southern California and "trading up" and purchasing a single family home as an investment property in Los … (0 comments)

 

David Blockhus, Los Altos Realtor and Silicon Valley Real Estate Pro

Los Altos, CA

More about me…

Coldwell Banker - Downtown Los Altos Office

Address: 161 S. San Antonio Road, Los Altos, CA, 94022

Office Phone: (650) 917-4250

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