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®.
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