Real Estate Trends: Los Altos Leads with High Prices, Santa Clara Surges
Once again Los Altos, at $4,413,101, is the highest average sale price for houses in the 10 cities I track, even though the price dipped a slight 1% from this time last year. Los Altos with its large lots, attractive Downtown, and low commercial presence is certainly a very desirable area, especially for buyers looking for excellent schools.
With an average sale price of $2,061,974, Santa Clara increased its price point by 22.4%, not surprising when you consider that buying in Santa Clara makes for a reasonable commute.
Looking at this chart has me get a bird’s eye snapshot and two things struck me:
*The average sale prices for these cities are all over $2 Million (since San Jose is so large, I break it down into its separate areas and cover it in a different posting)
*With the exception of Los Gatos and Mountain View, the average days on market lessened, with the shortest being Cupertino at 10 days.
This information is a snapshot of our real estate market, of data I track, please share this post with your friends who could use my expertise in buying/selling real estate. If you’d like information on other cities, or want a market analysis on your home, let me know, I can be reached at 650-224-4747, text is best. And if you’d just like to hang out for a while, share some time over coffee/tea, that’s great too, message me and we’ll get together!
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