Market Snapshot: Los Altos – North Los Altos

jialiu28gmailcomPosted by

May 2022

Median Price $4,700,000
MoM +5.0% | YoY +16.0%
Sale/List Price Ratio 107.0%
MoM -2.9% | YoY -4.5%
Active 11
MoM +175.0% | YoY +37.5%
Days on Market 26
MoM +271.4% | YoY -7.1%
Days of Inventory 24
MoM +14.3% | YoY +33.3%
Sold 26
MoM +116.7% | YoY +0.0%

Median Sale Price and Months of Inventory in Past Three Years

Months of Inventory is a key indicator measuring supply therefore a leading indicator for the local market movement. It has strong seasonality. This figure is 7.7 months for the whole country, 31 days for Santa Clara County, 36 days for Los Altos. This figure tells that in Silicon Valley especially the cities surrounding Stanford University, the real estate market is always comparatively strong because its supply can never match the demand.

What Does a Typical (Average) House Look Like in North Los Altos?

Home Sqft: 2,766Lot Sqft: 9,500Bedrooms: 4Baths: 3

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