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Los Altos Hills Area Real Estate Market Reportfor June 2012

Lo s Alto s Hil ls Picture Co p yrig ht and Cre d it : Shre e d har Ganap athy

Los Altos Hills is a beaut iful city in the Santa Clara County with a populat ion of 7922 (as of census2010 based on informat ion on Wikipedia). This city is blessed with the thrills of majest ic views,winding roads, and is blessed with the beauty of mother nature. The price range of real estate inthis area is usually well upwards of over a million and half dollars, and thus the typical number ofdays (DOM) that Los Altos Hills homes on sale would stay on market is usually in the high tens ofdays.

Los Altos Hills is typically known for its picturesque hills with many large sized houses on large lots.Los Altos Hills is a very at t ract ive area for investors and long term exclusive buyers who aredesirous of set t ling down in a peaceful, safe, upscale and beaut iful locat ion 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 t rend part icularly in June2012. The chart above for Single Family Residences in Los Altos Hills shows that the AverageDays On Market that houses remained on market declined to 29 days in June 2012 af ter rangingbetween 44 and 66 days unt il 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 t rended above the Average List Price since mid-February and hasreached 102.5% of List Price in June 2012. This shows that the market recovery is comingthrough very well as the economy cont inues to improve.

Number of Sold Listings Versus New Listings

Another chart that is of great relevance is the one above showing the number of recentHomes Sold List ings number versus number of New List ings. The above chart shows a highergrowth trend in the number of Homes Sold List ings over the number of New List ings of homeson sale in Los Altos Hills.

The number of New Homes on Sale List ings t rend indicates lower number of homes coming to themarket for sale in the 94022 zip code area indicat ing a shorter supply of homes than before. Thiscould lead to buyers compet ing for fewer available propert ies.

In summary, Los Altos Hills residents who are looking to sell their homes can look forward to betterreturns on their investments with a shorter turnaround t ime for the sale, if current marketcondit ions cont inue.

For Buyers or Investors, a turnaround market represents an opportunity to invest for the longerterm as the real estate market is bottoming out. Invest ing now has the potent ial of sustained longterm return on investments.

Author Ranjana Shreedhar, Realtor:

If you are planning to Sell your house, learn how to makethe 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