Centrally Located Los Altos Gem

Posted on April 20, 2011 by  
Filed under Sold Properties · Tagged: , , , ,

For the past 13 years, 476 Benvenue has been home to a wonderful family that fully enjoys living in Los Altos.  Being centrally located has allowed them the ability to stroll to Downtown, or to Rancho, to enjoy many of the shops and restaurants.  All of these community amenities are just minutes away.

If entertaining at home is what you enjoy, the open floor plan and newly landscaped garden will provide a wonderful experience for your guests.  If staying in is more your style, the large great room and both formal and informal dining allows for relaxing with friends or family.

For those of you unfamiliar with central Los Altos, it allows for easy access to everything the city has to offer. If entertaining at home is what you enjoy, this home offers both formal and informal dining and a beautiful living room with fireplace.  This is a very nice 3 Bedroom, 2 bath home with the added bonus of a fantastic detached cottage with kitchenette, living room, office, and full bath.

Don’t miss this wonderful home, in a truly great neighborhood.  Contact us today for a private tour (650-823-1434).

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Year-over-year Home Sale Trends

Posted on April 2, 2011 by  
Filed under Blog · Tagged: , ,

Los Altos is consistently ranked among the most desirable communities in the State.  Great schools, awesome weather, quaint downtown, and of course those wonderful homes on 1/4 acres (or more) lots.

The Bay Area is a big place, both in area and population.  Communities are as varied here as as any major metropolitan area.  For background, there are over 1.8M people living in Santa Clara County, and almost 7M in the Bay Area.

However, per the 2010 census, there are only 29K people who actually live in Los Altos.  The City covers just 6 square miles, has two zip codes (94022 & 94024), and is located in the heart of Silicon Valley.  As a community, it’s in high demand.

So, it should come as no surprise that Los Altos  has made yet another list.  This time, it is listed among those communities that saw the greatest increase of year/year home sales over $1M.  Below, is a slightly edited article written for the Silicon Valley Community Newspaper group.  Enjoy …

The number of California homes that sold for $1 million or more in 2010 rose for the first time in five years, a sign that certain segments of the economy improved and high-end home shoppers went bargain hunting, a real estate information service reported.

Los Altos was among 25 communities that saw the highest gain of million-dollar homes sold last year.

Statewide, 22,529 homes sold for $1 million or more last year, up 21 percent from 2009 and the highest level since 2008, when 24,436 homes sold for $1 million-plus, according to the DataQuick report. Million-dollar sales peaked in 2005 at 54,773, after which they declined each year through 2009.  The median-sized million-dollar home was 2,840 square feet, with four bedrooms and three bathrooms. Additionally, the median statewide price paid per square foot for all million-dollar homes in 2010 was $601, down from $605 in 2009.

For South Los Altos (94024), 243 homes sold in 2010, up from 211 homes, with the most expensive home sold at $4.75 million.  For North Los Altos (94022), 218 homes sold in 2010, up from 174, with the most expensive home $6.15 million.

“It’s not surprising that the high-end market has remained strong in our Silicon Valley neighborhoods. People buying in these areas will typically have higher income and are willing to pay more for a prime location. Our excellent schools and higher education institutions, highly educated workforce, and a great mix of shopping and services make the region ideal,” said Gene Lentz, president of the Silicon Valley Association of Realtors.

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