Los Altos Hills homes are one of the few places in Silicon Valley with 1+ acre lots and lots of horse and hiking trails. Close to downtown Los Altos and great schools.
This chart shows the distribution of final sales prices for single family residences in Los Altos Hills. Home values are higher than other cities due to homes having 1+ acres of land.
The annual median price for Los Altos Hills homes jumped 25% in 2018. The annual increase in the median price for Los Altos Hills homes has averaged 6.5% per year since 1998 (CAGR).
The average $/SQFT was $1,257 in 2018. The above scatter chart shows the final sold $ per SQFT for eachLos Altos Hills home. Each closed sale is represented by a single dot. This shows how $/SQFT varies by home size and the distribution of home sizes.
Market demand for Los Altos Hills homes increased dramatically starting in 2014. The average Days on Market is significantly higher than the other cities, due to the large 1+ acre lots and homes up in the hills, away from schools and stores..
This scatter chart shows the distribution of how the final sales price compares to the current list price. Note that homes that sell after one weekend on the market typically sell for over list price. Each home sale in 2017 is represented by a single dot.
The annual supply of new listings for Los Altos Hills homes has been relatively consistent (compared to the other cities).
The quarterly average median price above provides a little more insight to a 20-year historical perspective. Note the large spike during the Internet Bubble in 2000 and the lack of a dramatic decline during the Great Recession.
This monthly view of median prices for Los Altos Hills homes provides more detail over the past 5 years. Keep in mind that the fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily changes in home values.
The inventory of Active listings is very seasonal with December being the low-point during the year.
The monthly supply of new listings for homes in Los Altos Hills. Note the seasonality with December typically being the low-point during the year.
The monthly average days on market varies more widely than other cities due to the relatively small number of sales per month.
The monthly average sales price over/under list price percentage varies more widely than other cities due to the smaller number of sales.
Interestingly the monthly number of Closed Sales appears to be relatively consistent. Note that a Close Sale is counted when the escrow closes, which is typically the month after the home was sold (in-contract).
Sources: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.