Los Altos Hills Homes and Real Estate Sales
Los Altos Hills is known for its commitment to being a strictly residential community. Homeowners appreciate their large lots, generally an acre, and a variety of architectural styles. There are no condominiums or townhouses within the town.
The town is considered highly desirable and the real estate market’s performance is impressive!
Real Estate Market Facts
Some key Los Altos Hills 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 | 49 | 30 | -38.78% |
Median Sale Price | $4,850,000 | $4,550,000 | -7.22% |
Average Days on Market | 50 | 71 | +21 Days |
Sale Price to Original List Price Ratio | 99.1% | 96.5% | -2.6% |
Market trends demonstrate the softening of the market as has been widely reported. When evaluating residential real estate it’s advisable to consider the long view. In 2009 the Median Sale Price of a Los Altos Hills home was $2,412,500.
If you would like an accurate assessment of value of your Los Altos Hills 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
Residents enjoy spacious lots, many with inspiring views of the Bay, western hills or tree-studded valleys. It is a virtual oasis set within one of the most densely populated areas of California, and yet it enjoys easy access to Silicon Valley, San Jose and San Francisco. While it does not have its own public school system, children attend either the highly acclaimed Los Altos or Palo Alto schools, depending on the enrollment area of their home. Those that want to be situated somewhere closer to LA, with plentiful amenities, a good quality of life and a pleasant community may want to buy a house in Rolling Hills Estates if they see their dream home as being in that particular area.
Other special aspects of the community are:
- Open Space Preservation, including Byrne preserve along Altamont Road that traverses the ridge of Los Altos Hills. Bucolic views of rolling hills and horses grazing are delightful.
- The unique pathway system of about 85 miles that meanders around the town, connecting most of the community.
- Proximity to downtown Los Altos.