Carol Carnevale • DRE# 00946687 • 650.465.5958
Nicole Aron • DRE# 00952657 • 650.740.7954
The Los Altos and Los Altos Hills Real Estate market continues to show growth .
The graphs below reflect quarterly sales activity reported to the Multiple Listing Service (MLS) in Los Altos and Los Altos Hills since 2005.
For the first 3 quarters of 2011 in Los Altos the number of sales is down slightly when compared to 2010, while the average sales price has risen from $1,675 million to $1,718 million or, 3%. Los Altos Hills has experienced a remarkable increase in the number of sales in 2011, 81, compared to 56 for the same period in 2010, and the average sales price has risen from $2,561 million to $2,774 million or 8%.
Other key market indicators are the Average Days on Market and the Sales Price to List Price ratio.
The Days on Market for Los Altos and Los Altos Hills with the exception of a rise at the end of the summer are much improved over the past few years. The Sales Price to List Price ratio for Los Altos remains consistently above 98% for the year, and in Los Altos Hills is appearing steadier at around 95%.