Blog by David Bergman

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What is the $3-6 million market doing in Los Altos

The $3-$6 million dollar home market is doing well in Los Altos and Los Altos Hills.  After you refine the data a bit to remove the lot value only properties and one that has been on for over 1000 days you find the following averages:

The sale price on average is $959 per square foot – but that varies widely from $650 to over $1300 per square foot.

Average days on market is 88 days with a range of 0 to 299 days.  If you remove the 299 days and 240 days (both new homes under construction) the average days on market is a more accurate 51 days on market.

What is the average home like that sold in the last 90 days in the $3-$6 million price range?  Its 26 years old, on about an acre, has about 4,000 square feet of living area, and sells on average for 97% of its list price.

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