Here’s a quick snapshot of the real estate market in Los Altos. At the moment, there are 136 properties listed for sale in Los Altos – ranging from $1,198,000 to $3,998,000.
Los Altos Market Snapshot: 21 July 2009
What is a Market Action Index? The Market Action Index from Altos Research answers the question “How’s the Market?” It measures how fast Los Altos homes are selling – compared to what’s available. An index score below 30 indicates a “buyer’s market” – meaning that a buyer should find ample choice of Los Altos properties to consider. The Los Altos Market Action Index is currently 18 (and trending upwards).
Does that mean prices are down drastically in Los Altos? Not necessarily. The following chart shows the median home price by quartile for Los Altos over the past year. (Quartile #1 is the 25% most expensive homes in Los Altos down to Quartile #4 is the least expensive 25% of the homes).
The Bottom Line –It’s a great time to look at moving to Los Altos. There’s a good selection of Los Altos homes on the market in all price ranges, and prices appear to be stabilizing. We have a launched a new tool to help buyers search for homes in Silicon Valley – www.SiliconValleyHomeSearcher.com. Check it out!
Laura Powers, Realtor
The Dawn Thomas Team
Intero Real Estate Service
496 First Street, Suite 200
Los Altos CA 94022
(650) 947-4659
Email me
CA License # 01860743