In the category: condominiums vs houses, I was curious to see how Los Altos fared, in plain simple terms.
Does it vary a lot from one City to another? Not much: it turns out that it is fairly similar between Los Altos and Mountain View.
The following graph shows how condominiums and houses evolved in the past 5 years:
In Los Altos the condominium market started to be soft earlier than houses, and is a little slower to recover; - but overall is doing very well.
From the average price in 2006 to the average price in 2010, condominiums lost 4.3% in value, while houses lost 5.3% . This is about the same as what the market did in Mountain View.
I think what is important to note is the general direction these figures point to, and the general idea that the peak was in 2007 - 2008, and the low 2009.
Again, it mirrors fairly closely what the County of Santa Clara experienced.
--Are you curious about your area? Let me know I am curious too. I'll run the figures for you.