Los Altos Real Estate Market Update – May 2010

According to MLS Listings Inc. data there currently are 137 single family homes for sale in Los Altos. 84 homes are active and available to purchase. The remaining 53 homes are under contract.

The higher end of the market is still tough. Five homes priced above 2.5 million are under contract with the highest coming in at almost 4.2 million. Only four homes closed escrow above 2 million in May, with the highest selling at 2.75 million.

Thirty single family homes closed escrow in the month of May. Note: On average, we see 40 homes close escrow in the month of May.

Lastly, twelve properties had multiple offers and sold above their asking price.

Click Los Altos Real Estate Market Update – May 2010 for a detailed 24-month history of home sales activity in Los Altos. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed. For a more detailed look at your neighborhood, click on the below links: