Home Sales Fall in Los Altos Real Estate Market

In this week's report, the number of homes sold in the Los Altos market slid to 20 over the past 30 days. It marked a decrease of 51.2% from last week's report and a fall below the monthly average. Within the same time frame, San Jose had 645 sales, the most of all cities in the area. The median sales price climbed to $2,245,000, up from last week's $1,895,000. There is only one month of inventory available in Los Altos, so it's a solid seller's market, even with the decrease in sales.

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Demographic facts about Los Altos:

  • The median house value here is $1,483,600.
  • The area gets 69 rainy days a year. (U.S. average: 100)
  • The area's unemployment rate is 9.1%.
  • The students per teacher ratio in this area is 20.3:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Bruce Whitson, Broker
Snapped 6 homes in this area
Altas Realty
Snapped 10 homes in this area
Keller Williams Palo Alto
Snapped 17 homes in this area

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