real estate trends

Los Altos House Prices vs. Townhouse Prices

2024-05-16 By Juliana Lee Team

Los Altos townhouse prices have mirrored those of Los Altos houses since around 2013 but they have more quarter to quarter volatility. During the dot-com bubble in 2000, house prices surged significantly higher than townhouse prices, but they narrowed back to a similar margin by 2002. However, during the subprime mortgage crisis in 2008, townhouse prices took a earlier hit compared to house prices. By the conclusion of 2012, townhouse prices had rebounded to their previous relative ratio. Since 2013, this price ratio has remained relatively stable.

Explore further insights into Los Altos real estate trends.

Los Altos Hills Houses Reach All-Time Largest

2023-08-28 By Juliana Lee Team

The Los Altos Hills average size of houses sold reached an all-time quarterly high on Aug 18, 2023.

Quarterly average size of Los Altos Hills houses sold

However, the average size of Los Altos homes sold was at the lower side of recent trends.

Quarterly average size of house sold in Los Altos.

What makes this catch our attention is that the average house size for eight San Mateo County cities (Foster City, Menlo Park, Millbrae, Pacifica, Portola Valley, San Carlos, San Mateo, and Woodside) and for Palo Alto spiked upward to their highest-ever quarterly values. The trend was so broad that the San Mateo County average size of houses sold also reached an all-time high.

Quarterly average size of houses sold in San Mateo County

Although no reason is known for the spike in the average size of houses sold in San Mateo County, it appears that Los Altos and Los Altos Hills are probably not similarly affected. Learn more about Los Altos real estate.

Corona Virus – Larger Lots?

2020-12-16 By Juliana Lee Team

There have been a few reports (without data) that the corona virus pandemic is leading home buyers to prefer larger homes with larger lots. In Silicon Valley the city of Los Altos is known for having lots larger than most other Silicon Valley cities.

Comparing house sales price trends for Los Altos to downtown Palo Alto does not yet show any change in preferences. Prices have been relatively flat since the beginning of 2019 for both areas through the end of November 2020.