Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time.

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Los Altos, California

Los Altos City Marker

Los Altos Area Profile

 Los Altos is located in Santa Clara County, California, in northern Silicon Valley, in the San Francisco Bay Area.  Most of the city’s growth occurred between 1950 and 1980.

Demographics:

Business and Economy:

City Government

The town of Los Altos is governed by a city council comprised of 5 members. The government itself is managed by a City Manager.

Official website

Los Altos City Hall

Things to Do in and around Los Altos

GOLF:

Boating:

Other:

Hiking:

Parks and Rec:

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Cycling

This area under construction

Mountain Biking

This area under construction

Dining and Shopping in and around Los Altos

Places to Eat:

  • Chef Chu’s: Local favorite for Chinese food staples as well as chef Chu’s specialty signature dishes.  1067 N San Antonio Rd, Los Altos, CA 94022  (650) 948-2696
  • Cetrella: Refined, relaxed Californian-Mediterranean eatery & patio for steak, seafood & house-made pastas. 400 Main St, Los Altos, CA 94022  (650) 948-0400
  • Aldo Los Altos: Cozy trattoria serves creative Italian fare & small plates in a casual space with a welcoming vibe. 388 Main St, Los Altos, CA 94022 (650) 949-2300
  • Urfa Bistro: Compact, comfy option whipping up classic Mediterranean entrees, along with salads & wraps. 233 State St, Los Altos, CA 94022  (650) 397-5614

Places to Shop:

  • Rancho Shopping Center – 600 Foothill Expy, Los Altos
  • Village Court Shopping Center – 4546 El Camino Real, Los Altos
  • Foothill Plaza Shopping Center – 2310 Homestead Rd, Los Altos
  • Loyola Corners Shopping Center – 981 Fremont Ave, Los Altos
  • Sweet Shop – 994 Los Altos Ave, Los Altos
  • American Cancer Society Discovery Shop – 243 Main St, Los Altos

Los Altos Education Opportunities

K-12 Schools Serving Los Altos

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

Higher Education

Los Altos Real Estate Market

Los Altos Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

The graph above shows that average sales prices have ranged between $2,500,000 and $4,000,000 over the period, with a fairly consistent center line of about $3,000,000. Meanwhile, average sales to list price ratio have dropped from a high last spring near 10% above list to oscillate between list and about 5% above list since October, 2018. This shows a demand tendency to drive prices moderately up.

Los Altos Real Estate Trends: 12-month Average Sales Price by Price Range.

The histogram above breaks down Los Altos residential sales by price range. Here we see the vast majority of Los Altos sales in the period have been in the $2,000,000 to $3,000,000 range, which supports the $3,000,000 average price trend discussed above.

Los Altos Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. 

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home. .

We see here, that Los Altos homes at the lower price ranges and the upper price ranges sell very quickly – in under 2-3.5 weeks on average. From $2,000,000 to $5,000,000, sales take significantly longer, indicating that listing agents are not actively seeking out buyers in the same way agents selling above $5,000,000 are.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much of the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. 

Curiously, the average sales to list price ratios in the $2,000,000 to $5,000,000 range are above 100%, suggesting that buyers are worried about competing bids, yet after an average of 79 to 161 days on market, there should be little reason for bidding wars. Conversely, the lower price ranges generally sell below list, yet they sell in very short times where one would expect bidding wars.

Los Altos Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Help me with Los Altos Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.