Market Report - The Brasil Group

Los Altos, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Los Altos, CA

Thu Sep 16 2021
This week the median list price for Los Altos, CA is $1,461,500 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has increased to 8. Click here to stay informed with the Los Altos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Altos, CA

Thu Sep 16 2021
This week the median list price for Los Altos, CA is $1,461,500 with the market action index hovering around 50. This is less than last month's market action index of 54. Inventory has increased to 8. Click here to stay informed with the Los Altos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $1,461,500
Median Price of New Listings $0
Per Square Foot $1,114
Average Days on Market 88
Median Days on Market 67
Price Decreased 38%
Price Increased 0%
Relisted 38%
Inventory 8
Median Rent $4,765
Market Action 50
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,923,500 1,530 0 - 4,500 sqft 2 2 24 0 0 80
$1,527,500 1,557 0 - 4,500 sqft 2 2 35 0 1 192
$1,398,000 1,142 0 - 4,500 sqft 2 2 23 0 0 17
$1,197,000 993 0 - 4,500 sqft 2 2 57 0 0 59