Present market in Los Altos (Silicon Valley) 2-11
By Francis Rolland, - Since 1985
(Coldwell Banker)
The number of homes over a million dollars dropped a bit in December 2010, but the median sale price of luxury properties inched higher, according to Coldwell Banker Residential Brokerage. A total of 158 homes sold for more than $1 million in Santa Clara County in Dec., down 8.1 % from Dec. 09. However, the median sale price of million-dollar properties rose to $1.35 million, up 2.5 % from the previous month and 3.6 % from the year before.Los Altos had the highest number of luxury sales in the county at 35, up from 30 a year ago, and the most expensive sale last month at $3.61 million.Two other key market indicators were higher as well in December: the "days on average" of million-dollar properties (on the market until they were under contract) came down, and sellers received 97% of the...
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