According to MLS Listings Inc. data there currently are twenty-two single family homes for sale in South Los Altos. Thirteen homes are active listings and the remaining nine homes are under contract. Lower price properties are currently driving our market. We can see this by looking at the average list price for active properties ($2,558,615) and comparing that with the average list price for homes under contract ($1,778,321).
November Home Sales Activity For South Los Altos – Home sales are steady.
15 single family homes (SFH) closed escrow in South Los Altos in the month of November. Since 2007, the average number of SFH sales in November has been 11.
Only four properties had multiple offers and sold at or above their asking price. Properties priced between 1.3 million and 1.6 million continue to receive the most buyer activity.
Click South Los Altos Real Estate Market Update – November 2011 for a detailed 24-month history of home sales activity in South Los Altos.
Are you curious to know what that South Los Altos home sold for?
Click on South Los Altos Residential Summary Report for November 2011 for details (address, sales price, size etc.) on the thirteen properties that closed escrow in September in South Los Altos. Note: all data was taken from our local MLS and is deemed accurate but not guaranteed.
Median Sales Prices in South Los Altos are inching up:
Year to date, the median sales price for single family homes sold in South Los Altos is $1,540,000. The graph below shows the last seven years of median sales prices in South Los Altos. You’ll note that the median sales prices in South Los Altos have steadily increased since 2009. It looks like we’re back to 2005 – 06 prices.
Should you have any questions about selling your home in today’s market or you wish to purchase a home, please call or text me at 650 465-0755.