RECAP OF 1ST HALF 2025
NUMBER OF SALES
There were 47 sales in the 1st half, with only 17 in the 1st quarter, as reported through the Multiple Listing Service. The 1st half sales of 47 compares to 33 sales in the 1st half of 2024 and 28 in the 1st half of 2023. The number of new listings was up 23% compared to the same period last year.
PRICES
Along with a 42% increase in the number of sales came a record high average price. The average price was $6,310,395, a 3% increase since last year and 2% higher than the previous record high set in 2022 during the pandemic. The median price was down less than 1% to $5,550,000 compared to last year.
Contributing to the increase in average price was the high end of the market, which was strong with 3 sales between $12 million and $15 million. There were an additional 7 sales between $8 million and $10 million; there was only one sale for under $3 million. 55% of the sales were for more than list price. This compares to 42% in the same period last year.
The price per square foot in the 1st half was $1,620 – just slightly lower than last year when it was $1,625.
LENGTH OF TIME TO SELL
Homes sold much more quickly than last year. 72% sold in 2 weeks or less, and only 19% took longer than 30 days to sell.
OUTLOOK
As I reported to you in my 1st Quarter Report (find it at DavidTroyer.com/lahreport), the market growth this year has exceeded my expectations. The 2nd quarter began with uncertainty in the financial markets due to global trade policy shifts. While some uncertainty remains, the stock market has since rebounded to new highs – a positive indicator for the real estate market, especially in our area. Based on the incredibly strong demand we have seen so far this year, I now expect the next several months to continue at this accelerated pace. Given the strong demand and limited inventory, my outlook remains especially favorable for sellers in Los Altos Hills.
Los Altos Hills continues to be one of the most desirable places to live in the Bay Area and commands the second highest prices. The presence of excellent schools and its convenient location make it a smart investment for buyers, which is why property prices remain high.
With just 19 homes actively for sale (and another 7 homes being privately marketed), now is an opportune time to list your home for sale with The Troyer Group. Our team has a proven track record of helping sellers prepare their homes for sale quickly and effectively, and we are committed to getting you your price or more. Please do not hesitate to contact us. You have nothing to lose.
PRICES
Along with a 42% increase in the number of sales came a record high average price. The average price was $6,310,395, a 3% increase since last year and 2% higher than the previous record high set in 2022 during the pandemic. The median price was down less than 1% to $5,550,000 compared to last year.
Contributing to the increase in average price was the high end of the market, which was strong with 3 sales between $12 million and $15 million. There were an additional 7 sales between $8 million and $10 million; there was only one sale for under $3 million. 55% of the sales were for more than list price. This compares to 42% in the same period last year.
The price per square foot in the 1st half was $1,620 – just slightly lower than last year when it was $1,625.
LENGTH OF TIME TO SELL
Homes sold much more quickly than last year. 72% sold in 2 weeks or less, and only 19% took longer than 30 days to sell.
OUTLOOK
As I reported to you in my 1st Quarter Report (find it at DavidTroyer.com/lahreport), the market growth this year has exceeded my expectations. The 2nd quarter began with uncertainty in the financial markets due to global trade policy shifts. While some uncertainty remains, the stock market has since rebounded to new highs – a positive indicator for the real estate market, especially in our area. Based on the incredibly strong demand we have seen so far this year, I now expect the next several months to continue at this accelerated pace. Given the strong demand and limited inventory, my outlook remains especially favorable for sellers in Los Altos Hills.
Los Altos Hills continues to be one of the most desirable places to live in the Bay Area and commands the second highest prices. The presence of excellent schools and its convenient location make it a smart investment for buyers, which is why property prices remain high.
With just 19 homes actively for sale (and another 7 homes being privately marketed), now is an opportune time to list your home for sale with The Troyer Group. Our team has a proven track record of helping sellers prepare their homes for sale quickly and effectively, and we are committed to getting you your price or more. Please do not hesitate to contact us. You have nothing to lose.
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