PRICE
Prices in the 3rd quarter were down, primarily due to the few number of sales. The average price was $4,955,082 and the median price was $4,380,000. However, year-to-date through the 3rd quarter, the average price was $6,156,681 – a record high price that was 8% higher than last year.
In the 3rd quarter, there were 3 homes sold in the $7 million price range and no homes sold for less than $3.25 million. There were 17 sales and only 4, or 24%, sold for more than list price. Last year, 55% of homes sold over list price.
The price per square foot in the 3rd quarter was $1,502 – a 5% increase from just last year when it was $1,427.
NUMBER OF SALES
Quarterly sales have been mixed this year and sales were down in the 3rd quarter. There were 13 sales in the 1st quarter, 31 sales in the 2nd quarter, and 17 sales in the 3rd quarter (compared to 41 sales in the 3rd quarter last year). This total of 61 sales through the 3rd quarter compares to 97 sales in the same period last year – a 37% decline.
LENGTH OF TIME TO SELL
The length of time to sell a home was mixed in the 3rd quarter; 7 homes sold in less than 2 weeks, 7 homes took 1 to 2 months to sell, and 3 homes took longer than 2 months to sell. On average, homes in the 3rd quarter sold in 32 days. Last year, the average days on market in Los Altos Hills was 35 days.
Rollover or click map to see more information for each area.
Rollover or click map to see more information for each area.
Prices in the 3rd quarter were down, primarily due to the few number of sales. The average price was $4,955,082 and the median price was $4,380,000. However, year-to-date through the 3rd quarter, the average price was $6,156,681 – a record high price that was 8% higher than last year.
In the 3rd quarter, there were 3 homes sold in the $7 million price range and no homes sold for less than $3.25 million. There were 17 sales and only 4, or 24%, sold for more than list price. Last year, 55% of homes sold over list price.
The price per square foot in the 3rd quarter was $1,502 – a 5% increase from just last year when it was $1,427.
Quarterly sales have been mixed this year and sales were down in the 3rd quarter. There were 13 sales in the 1st quarter, 31 sales in the 2nd quarter, and 17 sales in the 3rd quarter (compared to 41 sales in the 3rd quarter last year). This total of 61 sales through the 3rd quarter compares to 97 sales in the same period last year – a 37% decline.
The length of time to sell a home was mixed in the 3rd quarter; 7 homes sold in less than 2 weeks, 7 homes took 1 to 2 months to sell, and 3 homes took longer than 2 months to sell. On average, homes in the 3rd quarter sold in 32 days. Last year, the average days on market in Los Altos Hills was 35 days.