Table of Content
More Los Altos Hills homes being sold over list price is a very good indicator of rising home prices. Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA.
Adobe Creek flows through Redwood Grove, a 5.9-acre (2.4 ha) nature preserve off University Avenue in Los Altos purchased by the city in 1974. The coast redwoods were transplanted by the Halsey family from a location on Summit Road in the Santa Cruz Mountains and replaced the native willows. The historic Halsey House, built in the late 1920s by Theodore and Emma Halsey, is a good example of Spanish Revival architecture.
Popular Projects in Los Altos Hills
We currently cover standalone, single family homes in all 50 states, but not in every county. The additional square feet each lot has available to develop. We compare the current footprint of the home to the maximum footprint allowed by local zoning rules. How much each home's value could increase with additional investment. We've analyzed what upgrades and changes are possible on each property in this neighborhood.
Get cash offers with HomeLight Simple Sale, the fastest way to sell your home. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research. West Valley Pop Warner offers cheerleading and football programs to local youth. Primary and middle school students attend schools in the Los Altos School District, the Cupertino Union School District, or Bullis Charter School (K–8).
Los Altos Hills Real Estate Market Trends, Home Prices
More Los Altos homes being sold over list price is a very good indicator of rising home prices. More homes being sold under list price is a very good indicator of falling home prices. The plots below show this relationship Los Altos Hills houses using color coding which generally highlights changes in the market.
Many homes get multiple offers, some with waived contingencies. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Los Altos Hills, CA currently has a population of 8,702 which means it is a smaller city but still has plenty to do and sites to see.
Los Altos Hills Housing Market
Locally there is a strong seasonal change in the number of townhouses sold. The lowest number of townhouses sold typically occurs around December & January. The highest number of homes sold typically occurs around May. This seasonal variation is often altered for townhouse sales by a large new development beginning to sell their townhouses. Price changes do not track the seasonal change in the number of townhouses sold. Many people look at "Days On Market", the average number of days a condo is offered for sale before it sells, to spot changes in the condo real estate market.
As mentioned above generally house price is proportional to house size in a given area. Most local cities limit the maximum size of house that can be built depending upon the lot size. Additionally local cities may allow a secondary dwelling if the lot is greater than a specified size . The average homes sell for about 1% above list price and go pending in around 16 days. The average homes sell for around list price and go pending in around 16 days. The average homes sell for about 2% below list price and go pending in around 14 days.
Yearly Average Price Per Square Foot for Los Altos Townhouses
The sales price of a Los Altos Hills house is affected by its size. Furthermore if you look at the average size of a Los Altos Hills house sold you will see that it varies with time. In November 2022, Los Altos home prices were down 23.5% compared to last year, selling for a median price of $3.4M. On average, homes in Los Altos sell after 18 days on the market compared to 9 days last year. There were 24 homes sold in November this year, down from 36 last year.
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Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. A brand new townhouse typically sells for a premium price compared to a similar sized townhouse in the same neighborhood. When looking at average townhouse prices, the average age should be checked to see if prices are changing because of demand or because different types of townhouses are being sold. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level.
76% of Los Altos homebuyers searched to stay within the Los Altos metropolitan area. Chicago homebuyers searched to move into Los Altos more than any other metro followed by Kalamazoo and Pullman. Across the nation, 3% of homebuyers searched to move into Los Altos from outside metros. In Sep '22 - Nov '22, 24% of Los Altos homebuyers searched to move out of Los Altos, while 76% looked to stay within the metropolitan area. I will listen to your needs and want to establish our goals and objectives.
The Census reported that 28,749 people (99.2% of the population) lived in households, 34 (0.1%) lived in non-institutionalized group quarters, and 193 (0.7%) were institutionalized. Percentages are based on the number of housing units for each type over the total number of units across all types. The proportion of homes and apartments in the city built within a certain time period.
The average sale price of a home in Los Altos Hills was $5.75M last month, up 20.7% since last year. The average sale price per square foot in Los Altos Hills is $1.55K, down 4.9% since last year. In the 3rd quarter, there were 3 homes sold in the $7 million price range and no homes sold for less than $3.25 million. There were 17 sales and only 4, or 24%, sold for more than list price. Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit.
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