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los altos homes for sale: Blogging Adopted by Coldwell Banker Leadership - 03/04/09 02:55 PM
Joe Brown, a 28-year real estate veteran and President of Coldwell Banker Residential Brokerage's Silicon Valley, Monterey Bay and East Bay regions has started a real estate blog called Weekly Market Watch.   It's good to see Coldwell Banker's leadership adopting some of the technologies that have proven effective for their agents as well as in other industries. 
Joe is a fairly straight shooter and I hope the content is one of transparency and not just corporate spin.  Check out Joe's weekly market updates and decide for yourself.  This week's topic is "It May Be Time To Get Off The Fence."
On another Coldwell … (2 comments)

los altos homes for sale: Home is Destroyed in Los Altos, California - 03/04/09 02:48 PM
The economy is soft and money is tight yet there continues to be a lot of construction occurring in Los Altos and it's surrounding communities. On my street alone, there are five homes under construction. Check out the short video below and see the demolition of one of my neighbor's home. 
It probably took a year to build, was lived in for over a half century, yet took just 75 minutes to tear down.   If you enjoy watching a large excavator smash into a wooden framed house, you'll love the video. 

… (0 comments)

los altos homes for sale: 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)

los altos homes for sale: Los Altos Real Estate Market Update - 03/04/09 01:47 PM
The Multiple Listing Service is our most efficient means to sell a home and the most reliable source of local market information.  The following information was taken from our local MLS and is deemed reliable but not guaranteed. 
According to our local MLS provider (ProMLSlistings.com), there currently are 65 single family homes for sale in Los Altos.  Of these, 10 are under contract.  That leaves us with 55 homes that are actively being marketed for sale on the MLS.  I anticipate many of last year's listings that did not sell will come back on the market within the next two weeks.
 
Above is … (1 comments)

los altos homes for sale: 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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