Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Altos, CA

Sun Jan 29 2023
This week the median list price for Los Altos, CA is $5,695,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased 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

Sun Jan 29 2023
This week the median list price for Los Altos, CA is $5,695,000 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has decreased 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 $5,695,000
Median Price of New Listings $8,324,000
Per Square Foot $1,730
Average Days on Market 90
Median Days on Market 98
Price Decreased 38%
Price Increased 25%
Relisted 25%
Inventory 8
Median Rent
Market Action 53
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$8,496,500 5,207 0.5 - 1 acre 5 6.5 11 1 0 59
$7,022,500 5,249 0.25 - 0.5 acre 5 6 14 1 0 101
$4,995,000 2,668 0.25 - 0.5 acre 3 4 36 0 1 122
$4,094,000 2,543 6,500 - 8,000 sqft 4 3.5 33 0 2 77