Carol Carnevale • DRE# 00946687 • 650.465.5958
Nicole Aron • DRE# 00952657 • 650.740.7954
We thought that you would enjoy the good news about the Los Altos and Los Altos Hills real estate market as reported by the Multiple Listing Service.
During 2011, there were 309 closed sales in Los Altos representing a decrease of 7% from 2010 sales while the average sales price rose to $1,769,439 an increase of 4.8% over the 2010 average. Another key indicator of a stable market is the number of months’ inventory which hovered at about 2 months for most of 2011.
Los Altos Hills:
During 2011, there were 100 closed sales in Los Altos Hills representing a 23% increase over 2010. The average sales price rose 3.98% over the 2010 average to $2,693,666. Inventory has decreased to about a 5 month supply.