Los Altos Hills Area Real Estate Market Report for June 2012

Los Altos Hills Picture Copyright and Credit : Shreedhar Ganapathy

Los Altos Hills is a beautiful city in the Santa Clara County with a population of 7922 (as of census 2010 based on information on Wikipedia). This city is blessed with the thrills of majestic views, winding roads, and is blessed with the beauty of mother nature. The price range of real estate in this area is usually well upwards of over a million and half dollars, and thus the typical number of days (DOM) that Los Altos Hills homes on sale would stay on market is usually in the high tens of days. 

Los Altos Hills is typically known for its picturesque hills with many large sized houses on large lots. Los Altos Hills is a very attractive area for investors and long term exclusive buyers who are desirous of settling down in a peaceful, safe, upscale and beautiful location and neighborhood.  

Los Altos Hills Real Estate Market Shows Great Recovery

Average Days On Market (DOM)

The Los Altos Hills area real estate market is showing a solid recovery trend particularly in June 2012.  The chart above for Single Family Residences in Los Altos Hills shows that the Average Days On Market that houses remained on market declined to 29 days in June 2012 after ranging between 44 and 66 days until May this year.  

Average Sales Price To List Price Ratio

The year-to-date numbers provide insights into demand patterns as well. As demand has grown, the Average Sale Price has trended above the Average List Price since mid-February and has reached 102.5% of List Price in June 2012. This shows that the market recovery is coming through very well as the economy continues to improve. 

Number of Sold Listings Versus New Listings

Another chart that is of great relevance is the one above showing the number of recent Homes Sold Listings number versus number of New Listings. The above chart shows a higher growth trend in the number of Homes Sold Listings over the number of New Listings of homes on sale in Los Altos Hills. 

The number of New Homes on Sale Listings trend indicates lower number of homes coming to the market for sale in the 94022 zip code area indicating a shorter supply of homes than before. This could lead to buyers competing for fewer available properties.

In summary, Los Altos Hills residents who are looking to sell their homes can look forward to better returns on their investments with a shorter turnaround time for the sale, if current market conditions continue. 

For Buyers or Investors, a turnaround market represents an opportunity to invest for the longer term as the real estate market is bottoming out. Investing now has the potential of sustained long term return on investments. 

Author Ranjana Shreedhar, Realtor:

If you are planning to Sell your house, learn how to make the most for your house in this market and to attract the best offers for your valuable property. Call me for a no-obligation evaluation, and a listing presentation at 408-861-8026.

My goal is to make the sale of your home smooth, successful, and worry-free, with my core marketing skills, integrity, and exceptional service! 

If you are in the market to buy your dream home, learn how I can help you find your dream home, and be there for you throughout the purchase process. My goal is to make you a happy and proud homeowner.

If you or any of your friends are in the market to sell or buy a home in the Bay Area, I'd be delighted to help you or your friends, as the case may be, achieve your real estate goals with exceptional service, high integrity, and market savvy. 

Contact me through Email or on phone (408)861-8026 or through the handy contact form on this page.

Posted in: Los Altos Hills