Thu Jan 21 2021
This week the median list price for Los Altos, CA is $4,899,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$4,899,000|
|Per Square Foot||$1,251|
|Days on Market||96|
|Strong Seller's Market|
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$6,240,000||4,494||0.5 - 1 acre||5||4||4||2||0||119|
|$5,297,500||4,462||0.25 - 0.5 acre||5||4||7||1||0||101|
|$4,798,000||4,064||0.5 - 1 acre||4||3||69||2||2||37|
|$2,795,000||2,025||8,000 - 10,000 sqft||4||2||74||0||1||130|