The median single-family home price for Los Altos California at the end of 2014 was $2,370,000 a gain of 12.9% over 2013 when it was "only" $2,100,000.
2014 was a seller's market as the average Los Altos home sold for 11% above the asking price!
Located between Apple, Google, Facebook and Tesla and just a short drive to Stanford University, Los Altos is central to many of today's growing companies that turned founders and employees into recent millionaires. With some of the top schools in the country, Los Altos is a prime target for young tech titans looking to diversify their stock holdings and settle down to raise a family or just live in a town with a low crime rate and larger lots for the money when compared to Palo Alto on its Northern border.
Since 1998, the average is up $1,750 or 282% for an annualized gain of 8.7% over 16 years, see:
Los Altos real estate data courtesy of Alain Pinel realtors Jeff Stricker (jstricker@apr.com) and Steve Tenbroeck (stenbroeck@apr.com)
No comments:
Post a Comment