Los Altos Real Estate Market Update – October 2012
According to MLS Listings Inc. data there currently are sixty-eight single family homes for sale in Los Altos. Thirty-two homes are active listings and the remaining thirty-six homes are under contract. Lower priced properties continue to sell quickly. 88% of the “sale pending” listings are priced under 2 million while 75% of the active listings are priced above 2 million.
October Home Sales Activity For Los Altos – Highest number of sales since 2007.
40 single family homes (SFH) closed escrow in Los Altos in the month of October. Since 2007, the average number of SFH sales in October has been 29.
Twenty-four properties had multiple offers and sold at or above their asking price. Almost every property priced under $1,700,000 received multiple offers.
Click Los Altos Real Estate Market Update – October 2012 for a detailed 24-month history of home sales activity in Los Altos.
Are you curious to know what that house down the street actually sold for?
Click on Los Altos Residential Summary Report – October 2012 for details (address, sales price, size etc.) on the forty properties that closed escrow in October in Los Altos. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed.
The Median Sales Price of Single Family homes in Los Altos are near an all time high.
Year to date, the median sales price for single family homes sold in Los Altos is $1,835,000. The graph below shows the last 5+ years of median sales prices in Los Altos. You’ll note that the median sales prices in Los Altos have steadily increased since 2009.
See Below for All Active listings in Los Altos:
[idx-listings linkid=”53624″]
