The Reality of Our Los Altos Real Estate Market
According to MLS Listings Inc. data there currently are eighty-three single family homes for sale in Los Altos. Forty-seven homes are active listings and the remaining thirty-six homes are under contract.
April Home Sales Activity For Los Altos – Red Hot Active:
35 single family homes (SFH) closed escrow in Los Altos in the month of April. This is the highest number of sales over the last 6 years in April. The 5 year average number of SFH sales in April has been 24.
Twenty-one properties had multiple offers and sold at or above their asking price. Homes in all prices ranges received tremendous activity due to a scarcity of good homes for sale.
Prices Are up Big Time Over Previous Years:
The median sales price for single family homes that closed escrow in April 2012 was $1,950,000. This is 20% higher than that of a year ago and 28% higher than April 2010.
Below is a five-year history of sales activity for single family homes in Los Altos:
If you are interested in selling your home give me a call at 650 917-4250. You will need a lot of information before you decide on who to list your home with. I’ve been licensed and actively selling residential real estate locally since 1993.
