Sunday, August 7, 2011

Los Altos Real Estate Market Snapshot 8/7/2011

by Deniece Watkins Smith, Realtor, ePro, SRES, Previews Specialist

There are thirty-one homes that closed escrow in the past month in Los Altos.

Sixteen sold over their asking price.

Seven had lowered their asking price before they sold.

The average days on market are twenty-three.

Average length of escrow is thirty-two.

Currently, the average price received is 100.005% of asking price. Specifically, average asking price was $1,656,419 and average sale price was $1,665,760.

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