Market Report - The Brasil Group

Los Altos, CA 94022

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Los Altos, CA 94022

Tue May 18 2021
This week the median list price for Los Altos, CA 94022 is $1,569,000 with the market action index hovering around 38. This is less than last month's market action index of 45. Inventory has decreased to 13. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 94022

Tue May 18 2021
This week the median list price for Los Altos, CA 94022 is $1,569,000 with the market action index hovering around 38. This is less than last month's market action index of 45. Inventory has decreased to 13. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,569,000
Median Price of New Listings $1,379,000
Per Square Foot $1,183
Average Days on Market 82
Median Days on Market 42
Price Decreased 31%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 38
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$2,295,000 1,619 0 - 4,500 sqft 2 2 24 0 0 28
$1,595,000 1,463 0 - 4,500 sqft 2 2 45 0 0 182
$1,379,000 1,333 0 - 4,500 sqft 2 2 42 1 0 56
$1,098,500 1,024 0 - 4,500 sqft 1 2 22 0 0 35