Market Report - The Brasil Group
Los Altos, CA 94022
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
Los Altos, CA 94022
Wed Apr 24 2024
This week the median list price for Los Altos, CA 94022 is $2,249,000 with the market action index hovering around 31. This is an increase over last month's market action index of 28. Inventory has increased to 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $2,249,000 | |
| Median Price of New Listings | $2,748,500 | |
| Per Square Foot | $2,026 | |
| Average Days on Market | 55 | |
| Median Days on Market | 42 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 23 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,988,000 | 1,379 | - | 2 | 2.5 | 0 | 1 | 2 | 42 |
| $2,743,500 | 1,332 | - | 2 | 2.5 | 0 | 0 | 0 | 42 |
| $1,998,000 | 1,173 | 0 - 4,500 sqft | 2 | 2 | 6 | 0 | 0 | 49 |
| $1,148,000 | 1,015 | 0 - 4,500 sqft | 1 | 1.5 | 35 | 1 | 0 | 24 |