Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Los Altos, CA

Fri May 29 2020
This week the median list price for Los Altos, CA is $3,688,888 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has held steady at or around 49. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Altos, CA

Fri May 29 2020
This week the median list price for Los Altos, CA is $3,688,888 with the market action index hovering around 46. This is less than last month's market action index of 52. Inventory has held steady at or around 49. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Altos market.
Median List Price $3,688,888
Per Square Foot $1,274
Days on Market 61
Price Decreased 27%
Price Increased 6%
Relisted 14%
Inventory 49
Median Rent $4,648
Most Expensive $16,900,000
Least Expensive $2,290,000
Market Action 46
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,372,500 4,229 0.25 - 0.5 acre 5 4 15 3 1 85
$3,988,000 3,292 0.25 - 0.5 acre 5 4 51 2 1 92
$3,293,000 2,696 0.25 - 0.5 acre 4 2 60 3 0 30
$2,748,000 2,062 0.25 - 0.5 acre 4 2 61 2 0 38