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.