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Annual Sales Snapshot – Very Strong Start in 2010!

January 15, 2010

A strong 4th quarter of 2009 saved the year from being a truly dismal one for home sellers.

By the end of the first half of ’09, the number of homes on the market had increased by 40% from the same period a year earlier while sales volume was down by 20%. Median sales prices had dropped by 15-20% from the previous year and were falling.

But, by the beginning of the 4th quarter the trend reversed.

2009 Sales Data in Los Altos and Palo Alto Read more…

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Another Great Los Altos Shop!

January 13, 2010

European Cobblery at State and First Streets

                                                                                                                                         Supporting Village merchants is usually enjoyable, and such is the case at European Cobblery.  The charming little store has a talented staff that does a great job with shoe maintenance. 

As a Realtor I am particularly hard on the heels and soles of my shoes, so needless to say I go there often.  The shoes are repaired quickly and returned in immaculate, shined shape. 

The shop is well stocked with shoe supplies as well as shoes, sandals, etc.  Give ’em a try sometime!

Have you had a good experience with a Los Altos or Palo Alto merchant?  Let us know!

165 Sylvian Way, Los Altos

January 11, 2010

North Los Altos Close to the Heart of Village Life!

This charming home, priced at $1,598,000,  is located on a beautiful, tree-lined street just a few short blocks from the center of Village Life.  The 2,289+/- square foot floor plan offers high ceilings.

The floor plan includes four spacious bedrooms, two full baths, and separate living, dining, family, and inside laundry rooms.

Enjoy cooking in the spacious kitchen which opens to the family room and offers abundant maple cabinetry, Subzero refrigerator, Thermador double oven, Fisher & Paykal dishwasher, 4-burner gas range, hardwood flooring, and bright skylight.

A large family room with wood-beamed ceiling features a warm fireplace, and rear yard access, which is an “entertainer’s delight” with mature landscaping and large patio.

CLICK HERE for more details about this wonderful home and to schedule a private tour.

Where Have All the Los Altos Homes for Sale Gone?

January 8, 2010

There were 34 homes for sale in all of Los Altos as of Monday 1/4/10.  At one time during 2009 there were over 140!

Is this the start of an unusual new trend or just the seasonal time of the year?

At the beginning of 2009 there were 50 homes for sale in Los Altos so the inventory is lower this January.  However, the 10 year average of year ending inventory is about 25-30 homes. In “hot market” years, year-end inventory is lower than 25-30, and in “slow market” years it is higher.  Conclusion- no indication of a new trend.

So What is Our Forecast for 2010?

The last 3 years have seen a below normal number new listings (@400-430 versus @500-550 in earlier years)come to market.  Therefore, we expect this year to be at or above the normal range.

Our Recommendations

If you are selling a home in Los Altos we recommend you do it sooner than later this year.  If you are buying a home in Los Altos and are Read more…

Palo Alto-Los Altos Homes- Landscape Watering Rules Start Soon!

January 7, 2010

State Law Requires Reduced Water Consumption

All cities are required to enact new regulations by Sunday to reduce water consumption or follow a new state law.   Will large, green lawns become a luxury of a bygone era?

Palo Alto has proposed a new ordinance requiring any new commercial property with 1,500 sf or more or new residential home with 2,500 sf or more of “watering area” to get a building license or landscape permit.

How Will Requiring Permits Reduce Water Consumption?

It is unclear how cities will limit potential landscape water consumption when issuing permits(or do they just want more revenue?!). Palo Alto is proposing limited watering hours to between 6 pm and 10 am, as well as banning lawns on substantially sloped lots.

Read more…

496 E. Edith Avenue, Los Altos- Hot new home for sale

January 6, 2010

“Bullseye” Location Very Near Downtown!

East Edith Front View

This is the location any North Los Altos buyer should be looking for.  The home is located very close to the heart of downtown life as well as the local elementary school.

With its design of classic elegance and stunning rear oasis, this superb property feels like a luxurious private resort. The one-level floor plan combines California comfort with timeless architectural appeal for an ambiance that is both warm and inviting yet sophisticated and stylish.

Rear Yard Tropical Oasis

Outside, the gardens and glorious setting take center stage. Stepping stone paths weave through manicured perfection overflowing with color and fragrance while the sun-swept pool and elevated spa with “Tahoe Blue” finish blend in harmony with the verdant palette. A stone terrace and pergola-shaded dining area plus small‘cabana’ with pass-through to the pool beckons endless hours of entertaining and relaxation.
Want to know more?

For more details and a virtual tour go to www.JeffAndSteve.com.  To schedule an appointment to see this great property call Jeff at 650.823.8057.

Market Heating Up In Palo Alto & Los Altos

November 12, 2009

Over the past several weeks,  multiple offers have been occurring with increasing frequency in the $1.5m and below housing market. For example, a home in the Green Gables area of Palo Alto was listed for $1.34m two weeks ago and sold with six offers for $200k over the asking price (all cash). A home in South Los Altos was listed last week for $1.2m sold significantly over asking price with 18 offers!

Read more…