Silicon Valley Real Estate Info

According to MLS Listings Inc. data there currently are 95 single family homes for sale in Los Altos.  55  homes are active listings, the remaining 37 homes are under contract.  Only 8 homes priced above 2 million are under contract.  The most expensive property under contract has a list price of just slightly above four million, but it has been sale pending for over 4 months.  [...]

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A recent New York Times article entitled “Biggest Defaulters on Mortgages Are the Rich” caught my attention because it implied that Los Altos residents were walking away from their high value mortgages en mass.  While I can appreciate the author’s desire to write about an increase in high end mortgage default levels (which there is), Los Altos is a poor example.  [...]

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I just put on the market this great home in a nice Blossom Valley neighborhood in San Jose.  It’s a 3 bedroom, 2 bathroom home that is located just around the corner from the community pool (WGHOA Encore pool), Parkview #1 park and Parkview Elementary.  The list price is $458,000. This freshly painted home has an [...]

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According to MLS Listings Inc. data there currently are 94 single family homes for sale in Mountain View.  52 homes are active listings, the remaining 42 homes are under contract.  5 homes priced above 1.5 million received an offer and are under contract.  The highest property under contract had a list price of just slightly above 2.0 million.   33 single family homes closed [...]

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According to MLS Listings Inc. data there currently are 137 single family homes for sale in Los Altos.  84 homes are active and available to purchase. The remaining 53 homes are under contract.  The higher end of the market is still tough.  Five homes priced above 2.5 million are under contract with the highest coming in at almost 4.2 million.  Only four homes closed [...]

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Contrary to public opinion, there are not that many distressed properties exchanging hands in Los Altos and/or Los Altos Hills.  According to our local Multiple Listing Service, three short sale  properties closed escrow in Los Altos Hills and three in Los Altos within the past year.  Currently there are 12 short sale properties on the market and [...]

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The National Flood Insurance Program has expired and it was not extended prior to Congress taking its spring break.  The absence of this Program may make it difficult if not impossible to secure flood insurance  on property located in flood hazard areas.  Most institutional lenders will not fund a loan secured by real property in a [...]

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According to MLS Listings Inc. data there currently are 117 single family homes for sale in Los Altos.  66 homes are active and available to purchase. The remaining 51 homes are under contract. The higher end of the market saw an increase in activity in March.  Three single family homes priced above three million sold, including [...]

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Our local housing market is based on the strength of our local economy.  The Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation recently released its 76 page Index of Silicon Valley report (note: report takes awhile to download): The 76-page 2010 Index reports the latest data and trends in economic development, workforce, [...]

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Are you a first time home buyer who isn’t quite sure whether now is the time to buy?  The State of California is trying to motivate you by offering an incentive to those first time home buyers who make the move in 2010.  Under a newly enacted California law, a home buyer may receive up to $10,000 [...]

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