Los Altos Hills Real Estate Market Update – April 2011
According to MLS Listings Inc. data there currently are 65 single family homes for sale in Los Altos Hills. There are 55 active listings and 10 properties that are under contract. Three of the active listings are priced above 10 million dollars. Note: one of the active listings is actually an exceptional lot with smaller home on the property. It really is being sold at lot value. There are also a few “off market” estates for sale that are not currently on the MLS, but are being discreetly marketed off-line (One at 28 million, one at just under 27 million, one at just under 8 million, etc).
We’re finally seeing more activity in the Los Altos Hills market. Prices are still trending downward, but sales volume is picking up.
April Sales Activity in Los Altos Hills
Eleven homes closed escrow in Los Altos Hills in April. This is twice the volume of homes that closed escrow in April in Los Altos Hills when compared with homes sold in April in each of the last three years (4/2008 – 6 homes COE, 4/2009 – 6 homes COE, 4/2010 – 6 homes COE). Four properties had multiple offers and sold at or above their asking price.
Click Los Altos Hills Real Estate Market Update – April 2011 for a detailed 24-month history of home sales activity in Los Altos Hills.
Are you curious to know what that Los Altos Hills Estate sold for?
Click on Los Altos Hills Residential Summary Report-April 2011 for details (address, sales price, size etc.) on the 11 properties that closed escrow in April in Los Altos Hills. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed.
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Should you have any questions about the Los Altos Hills real estate market, please contact me directly at 650 917-4250 for a confidential conversation.
