Los Altos & Los Altos Hills Update - Kathy Bridgman, Broker Associate®

Los Altos & Los Altos Hills Update

May 21, 2020

Another week, another delay in posting an update.😉 That’s actually a good sign for the real estate market. Things are really picking up. I have another new listing in Los Altos Hills this week (head on over to kathybridgman.com to check it out – and check out my new virtual brochure for this property on Brendel while you are there).⁣

So here’s the latest. In April only 15 homes went into contract in Los Altos; in the last 16 days, 14 homes went into contract. This has everything to do with us being able to show all homes now, as of May 4 (as long as the occupant is not present). Technology is working.⁣

In Los Altos Hills there were only 2 sales in April and since May 4, there have been 6 sales. Quite a change. There have been 25 new listings in Los Altos since May 4 and 8 in Los Altos Hills. Yes, the market is starting to change.⁣

So what about actual closed sales? 14 of them in LA/LAH since May 1 (and all but 2 went into contract AFTER shelter in place). 5 of these sold for more than list price. Sounds like the “new normal” is getting a little closer to the “old normal.” Whatever it is, you can be sure I’m on top of it. Information is so important at this time. Happy to answer any questions.⁣

PS – one more note: Days on Market, which were suspended on March 19, have now been reinstated as of May 16.