Los Altos California Real Estate Trend

By
Real Estate Agent with Keller Williams Realty Cupertino

An overview of Los Altos Single Family Real Estate market of April 2008 compared to April 2009 shows some interesting economic changes:

1.) The Los Altos homes inventory rose to 132 this year from last year’s 65. The sold homes are a little less then last year. Last April sold 24 homes and this April is 11.

2.) The average Los Altos homes price is still on the down turn. This year’s sold price is $1,574,000 vs. last years’ $2,050,114. The median sales onLos Altos homes has dropped also from $1,760,404 to this year $1,500,000.

3). It would take 60 days this year to sell a Los Altos home but last year would be only 29 day. From all the numbers we can tell there are more homes for sale and less of them actually sold. The home prices have modestly drifted downwards. Los Altos continues to attract the qualified buyers who are looking for good schools, and the quality of life. The above data information came from the www.reil.com 

If you are planning to buy or sell homes in Silicon Valley, I offer a free 45 min. consultation to cover a complete he current real estate market. You can email me GraceKeng1@gmail.com If you or someone you know is thinking of buying or selling property in Santa Clara County ( sunnyvale, Cupertino, Saratoga, Moutain View, San jose..), California please contact Grace Keng, REALTOR®.

Comments (4)

Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Grace and fellow CRS,

Interesting info, I'm somewhat surprised. I'd say our inventory is just about the opposite, more in 08 than 09. Even with the decline in prices, you still have a much higher value than so many other places.

Jun 04, 2009 05:27 PM
Richard Dolbeare, R(B)
eXp Realty - Wailuku, HI
R(B), ABR, CRS...Hawaii Multi-Island Specialist

Hi Grace.  Sorry to hear your market is still trending down.  I'm doubly sorry because most say that the Hawaii market trails behind the CA market.

Jun 04, 2009 05:31 PM
Jim Valentine
RE/MAX Realty Affiliates - Gardnerville, NV

My sister was just visiting from Los Altos.  She and her husband were saying that things seemed to be selling - signs were going down and people were moving in.  I'll give them your info - thanks for the post.  (No, they aren't selling right now - just watching the market.)

Jun 05, 2009 01:45 AM
Grace Keng
Keller Williams Realty Cupertino - Cupertino, CA
CRS, CDPE (408) 799-8887

Thank you for all your comments. Yes! We do experience a strong come back this spring. The homes are selling but not as much as before. The dropping percentage is varies for every areas.The more distress sales then the price got hit wrost.

Grace

Jun 05, 2009 04:26 PM