Los Altos Homes and Real Estate Sales
The Los Altos real estate market is moving briskly!
Few Peninsula homes are found in cities that are as attractive as Los Altos with its charming downtown area with favored hometown merchants and inviting sidewalk cafes. Locals call it “The Village” and the atmosphere is friendly and welcoming.
No matter your housing preference, Los Altos offers single family detached homes, condos and townhomes and a variety of architectural styles. Neighborhoods are largely characterized by ranch-style homes, but turn-of-the-century classic homes are found in “old-town” that borders Lincoln Park. As Los Altos attracts new homebuyers, many are choosing to replace existing ranches and build new homes with a variety of architectural styles.
Whether you are buying or selling a home, knowing and understanding market conditions will allow you to make quick and informed decisions that are necessary in order to successfully navigate the residential sale process. If you would like to purchase commercial or residential property, you may want to seek to help of residential or commercial note buyers who may be able to assist with the purchase of contracts.
Real Estate Facts
Single Family Homes
Some key Los Altos market indicators based on Multiple Listing Service data are as follows. The chart compares YTD statistics Q3 2018 to Q3 2019.
January- September 2018 | January-September 2019 | Change | |
---|---|---|---|
Number of Homes Sold | 73 | 81 | +11% |
Median Sale Price | $3,510,000 | $3,620,000 | +3.33% |
Average Days on Market | 9 | 19 | +10 Days |
Sale Price to Original List Price Ratio | 111.5% | 99.9% | -11.6% |
Condominiums & Townhomes
Condos and townhomes offer an option for those who prefer more maintenance-free home ownership. Multiple Listing data reports the following comparing YTD Q3 2018 to YTD Q3 2019:
January- September 2018 | January-September 2019 | Change | |
---|---|---|---|
Number of Units Sold | 36 | 25 | -31% |
Median Sale Price | $1,787,000 | $1,550,000 | -13.26% |
Average Days on Market | 15 | 18 | +3 Days |
Sale Price to Original List Price Ratio | 104.6% | 103.2% | -1.4% |
By some measures the market trends are down comparing 2018 to 2019, however, the Los Altos market results are more favorable than other mid-Peninsula communities. When evaluating residential real estate it is essential to take a long view. Ten years ago in 2009 the Median Sale Price for a Los Altos home was $1,642,000, and for a condominium/townhome it was $747,500.
If you would like an accurate assessment of value of your Los Altos property, or if you would like to discuss whether this is the right time to make a purchase, we invite you to contact us. It would be a pleasure to be of service to you.
Quality of Life
There are many reasons that the local residents call Los Altos “home”:
- Wide, tree-lined streets, perfect for walking and bike riding
- Village-like downtown area with favored merchants, restaurants and cafes
- Children love the many public parks, exploring the nearby creeks and experiencing the Redwood Grove.
- Teens gather at the “hangout” known as The Underground, and the popular LAYC (pronounced “lacy”) dances.
- The whole family can enjoy the nearby Rancho San Antonio Open Space with its trails and breath taking views of the western hills and the San Francisco Bay. A key attraction within the park is Deer Hollow Farm where children can learn about farm animals, gardening/farming, and the environment. This type of attraction is great for the community, and it may even inspire the children to start gardening or consider becoming a local farmer in the near future – next they’ll be researching Mahindra tractors for sale!
- The exceptional public school system.
A “priceless” quality of owning a home in Los Altos is the benefit of living in such a family-friendly community that has a “hometown” feeling. Children look forward to “Trick-or-Treating” along the downtown streets and two beloved community events are the annual Pet and the Festival of Lights Parades enthusiastically supported by local families and merchants. And if you’re interested in selling your home in the Los Altos area at the right value it might be useful to check out tips from Homes Go Fast. But as you can see from the previous data, it shouldn’t sit on the market for too long.
Contact us to put our knowledge and creativity to work for you!