Bay Area REBlog

In the words of our new President during his inaugural address, “Starting today, we must pick ourselves up, dust ourselves off and begin again the work of remaking America.  For everywhere we look, there is work to be done.  The state of the economy calls for action, bold and swift, and we will act—not only [...]

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Traditionally November and December are slow months for selling homes and many times families decide not to move during the holidays. This plus the economy affected even the affluent Los Altos market as seen below.
 
 
Median price for Los Altos 2008                                    $ 1,797,500
Median price for Los Altos 4th quarter 2008                   $ 1,605,000
   
                                                     % change                     – 11%
 
Seems as though the [...]

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 Currently there are 57 single-family homes for sale in Mountain View – the highest price being 212 Monroe Drive at $2,248,000 right down to 801 Burgoyne Street at $535,000. The month of December had 26 listings withdrawn, cancelled or expire from the multiple listing service. Typically, the seller takes a break over the holiday period [...]

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