Blog - Kathy Bridgman, Broker Associate®

Los Altos & Los Altos Hills Update

April 6, 2020

Here’s what happened this past week (3/30 to 4/5).

Los Altos
One home listed at $3 million that had been on the market since March 12 went into contract. It is expected to close the end of April. The following homes closed escrow last week:

Address

List Price

Sale Price

DOM

24327 Summerhill Ave

$6,498,000 

$6,348,000

10

1474 Club View Ter

$4,299,000 

$4,125,000

37

1931 Alford Ave

$3,868,000 

$4,100,000

13

1533 Topar Ave

$2,700,000 

$2,637,000

38

7005 Marcelli Cir

$2,198,000 

$2,200,000

11

There are 20 homes that are pending sale in Los Altos. There are 35 homes for sale (12 have been listed since SIP order, and 5 of those were just last week).

Los Altos Hills
No homes went into contract or closed escrow. There are 8 homes pending sale. There are 19 homes currently for sale, only one that went on the market since the SIP.

Santa Clara County
95 homes went into contract (it was 104 the previous week). 224 homes closed escrow last week in the county (226 the week before). All of this and the above tells us that transactions are still happening and we can make it work – for those that really need to buy or sell.

ALERT: New Real Estate Guidelines Announced 3/31/20

March 31, 2020

Things are changing quickly and yesterday’s new SIP mandate in Santa Clara County through May 3 included new language for real estate. Below is exactly what it says (from the sscgov.org site, section 13.f.x). Two of my listings currently for sale are vacant. Reach out for more details.⁣

“𝘚𝘦𝘳𝘷𝘪𝘤𝘦 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘳𝘴 𝘵𝘩𝘢𝘵 𝘦𝘯𝘢𝘣𝘭𝘦 𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘵𝘳𝘢𝘯𝘴𝘢𝘤𝘵𝘪𝘰𝘯𝘴 (𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘳𝘦𝘯𝘵𝘢𝘭𝘴, 𝘭𝘦𝘢𝘴𝘦𝘴, 𝘢𝘯𝘥 𝘩𝘰𝘮𝘦 𝘴𝘢𝘭𝘦𝘴), 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨, 𝘣𝘶𝘵 𝘯𝘰𝘵 𝘭𝘪𝘮𝘪𝘵𝘦𝘥 𝘵𝘰, 𝘳𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘢𝘨𝘦𝘯𝘵𝘴, 𝘦𝘴𝘤𝘳𝘰𝘸 𝘢𝘨𝘦𝘯𝘵𝘴, 𝘯𝘰𝘵𝘢𝘳𝘪𝘦𝘴, 𝘢𝘯𝘥 𝘵𝘪𝘵𝘭𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴, 𝘱𝘳𝘰𝘷𝘪𝘥𝘦𝘥 𝘵𝘩𝘢𝘵 𝘢𝘱𝘱𝘰𝘪𝘯𝘵𝘮𝘦𝘯𝘵𝘴 𝘢𝘯𝘥 𝘰𝘵𝘩𝘦𝘳 𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘷𝘪𝘦𝘸𝘪𝘯𝘨𝘴 𝘮𝘶𝘴𝘵 𝘰𝘯𝘭𝘺 𝘰𝘤𝘤𝘶𝘳 𝘷𝘪𝘳𝘵𝘶𝘢𝘭𝘭𝘺 𝘰𝘳, 𝘪𝘧 𝘢 𝘷𝘪𝘳𝘵𝘶𝘢𝘭 𝘷𝘪𝘦𝘸𝘪𝘯𝘨 𝘪𝘴 𝘯𝘰𝘵 𝘧𝘦𝘢𝘴𝘪𝘣𝘭𝘦, 𝘣𝘺 𝘢𝘱𝘱𝘰𝘪𝘯𝘵𝘮𝘦𝘯𝘵 𝘸𝘪𝘵𝘩 𝘯𝘰 𝘮𝘰𝘳𝘦 𝘵𝘩𝘢𝘯 𝘵𝘸𝘰 𝘷𝘪𝘴𝘪𝘵𝘰𝘳𝘴 𝘢𝘵 𝘢 𝘵𝘪𝘮𝘦 𝘳𝘦𝘴𝘪𝘥𝘪𝘯𝘨 𝘸𝘪𝘵𝘩𝘪𝘯 𝘵𝘩𝘦 𝘴𝘢𝘮𝘦 𝘩𝘰𝘶𝘴𝘦𝘩𝘰𝘭𝘥 𝘰𝘳 𝘭𝘪𝘷𝘪𝘯𝘨 𝘶𝘯𝘪𝘵 𝘢𝘯𝘥 𝘰𝘯𝘦 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭 𝘴𝘩𝘰𝘸𝘪𝘯𝘨 𝘵𝘩𝘦 𝘶𝘯𝘪𝘵 (𝘦𝘹𝘤𝘦𝘱𝘵 𝘵𝘩𝘢𝘵 𝘪𝘯 𝘱𝘦𝘳𝘴𝘰𝘯 𝘷𝘪𝘴𝘪𝘵𝘴 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘢𝘭𝘭𝘰𝘸𝘦𝘥 𝘸𝘩𝘦𝘯 𝘵𝘩𝘦 𝘰𝘤𝘤𝘶𝘱𝘢𝘯𝘵 𝘪𝘴 𝘴𝘵𝘪𝘭𝘭 𝘳𝘦𝘴𝘪𝘥𝘪𝘯𝘨 𝘪𝘯 𝘵𝘩𝘦 𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘤𝘦)”⁣

Los Altos & Los Altos Hills Update

March 29, 2020

Here’s what happened this past week (3/23 to 3/29). 104 homes went into contract in Santa Clara County (for comparison, 320 homes went into contract for the same days last year). 43 of those contracts have contingencies and 51 are pending sale with no contingencies. The others sold in the same week (many of which were added to MLS for “comp purposes only”).⁣

𝗟𝗼𝘀 𝗔𝗹𝘁𝗼𝘀

Two homes went into contract, one listed at $4,690,000 that is pending (listed on March 20 and sold on March 29) and one listed at $2,289,000 that has a contingency (listed on March 11 and sold on March 24).⁣

𝗟𝗼𝘀 𝗔𝗹𝘁𝗼𝘀 𝗛𝗶𝗹𝗹𝘀

One home went into contract that was listed at $3,788,000 and there is a contingency. It had been on the market for 54 days.⁣

Although real estate is now deemed an essential business, we are still under strict guidelines by Santa Clara County. I have numerous ways to work with you as a seller or as a buyer while still following these guidelines. Providing you information and keeping you up-to-date is just part of my service. Reach out any time if you have questions.

ALERT: Real Estate Now Classified as Essential Business

March 28, 2020

The California Association of Realtors said Saturday, March 28, that commercial and residential real estate services were included on an updated list of essential services. However, Santa Clara County has not commented yet and their rules are what will continue to determine how home sales are conducted. I will update you as soon as I know more.

While transactions that are in process need to be completed and there are extraordinary circumstances in which people need to find a place to live, it is still essential that business gets conducted as it had been recently ruled by Governor Newsom. We must all still adhere to safety first beyond anything else.

 

 

 

 

Los Altos & Los Altos Hills Update

March 23, 2020

 

Here’s what happened this past week (3/16 to 3/22). Surprising how many homes went into contract in Santa Clara County; clearly now with the new rules from the Association of Realtors with no physical showings of homes, this coming week could be very different. I’ll be reporting what I see.

Los Altos

IN CONTRACT: 4 homes went into contract from $1,499,000 (2 bed/2 bath downtown condo) to $2,750,000 (3 bed, 2 bath home). The homes are pending close of escrow with no contingencies.

WITHDRAWNS: 11 homes were temporarily withdrawn or cancelled from the market but now that the days on market have been suspended on MLS, I think we will see fewer of these occur.

CLOSED: 3 homes closed escrow between $2.7 and $4.248 million.

Los Altos Hills

IN CONTRACT: 1 home went into contract, with a contingency, that was listed at $8,399,000; close of escrow is anticipated April 1

WITHDRAWNS: 5 homes were temporarily withdrawn or canceled; again, with the new rules on days on market being suspended, I think we will see fewer of these.

CLOSED: No homes closed escrow

Santa Clara County

184 homes went into contract from $299,000 (1 bed/1 bath condo) to $8,399,000 here in Los Altos Hills); of these, 57 have contingencies as part of the contract, 116 are pending close of escrow with no contingency, and 12 of these also closed escrow last week (off market sales).