Mary Pope-Handy's Market Report

Los Altos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com


Los Altos, CA

Wed Mar 20 2019
This week the median list price for Los Altos, CA is $4,195,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has held steady at or around 30. Click here to stay informed with the Los Altos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Wed Mar 20 2019
This week the median list price for Los Altos, CA is $4,195,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has held steady at or around 30. Click here to stay informed with the Los Altos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $4,195,000
Per Square Foot $1,259
Days on Market 50
Price Decreased 20%
Price Increased 7%
Relisted 7%
Inventory 30
Median House Rent $5,700
Most Expensive $19,880,000
Least Expensive $2,395,000
Market Action Index
Strong Seller's Market 		51

Despite this week’s down 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
$7,299,000 5,900 0.25 - 0.5 acre 5 6 1 1 0 164
$5,298,000 4,116 0.25 - 0.5 acre 5 5 1 1 0 22
$3,891,500 3,178 0.25 - 0.5 acre 4 4 67 3 4 12
$2,696,500 2,150 8,000 - 10,000 sqft 3 3 64 4 2 15