Los Altos Real Estate Market Update – August 2011
According to MLS Listings Inc. data there currently are eighty-one single family homes for sale in Los Altos. Fifty homes are active listings and the remaining thirty-one homes are under contract. Eight of the homes priced above 2 million (out of 35) are under contract.
August Home Sales Activity For Los Altos – Home sales are stable
28 single family homes (SFH) closed escrow in Los Altos in the month of August. Since 2007, the average number of SFH sales in August has been 26-27. In fact if you go back and track the last 4 years, the year to date 2011 sales numbers are almost identical as those of the last 4 years (at around 190 homes sold).
Ten properties had multiple offers and sold at or above their asking price. Properties priced between 1.3 million and 1.5 million received the most buyer activity.
Click Los Altos Real estate Market Update – August 2011 for a detailed 24-month history of home sales activity in Los Altos.
Are you curious to know what that Los Altos home sold for?
Click on Los Altos Residential Summary Report – August 2011 for details (address, sales price, size etc.) on the twenty-eight properties that closed escrow in August in Los Altos. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed.
Median Sales Prices in Los Altos are Creeping Back up:
Year to date, the median sales price for homes sold in Los Altos is $1,635,000. The graph below shows the last seven years of median sales prices in Los Altos. You’ll note that the median sales prices in Los Altos have steadily increased since 2009. It looks like we’re back to 2006 prices.
If you are looking for a quick and easy way to find your Los Altos dream home, click here?
Should you have any questions about the value of your home in today’s market or you wish to purchase a home, please call or text me at 650 465-0755.
