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Archive for the ‘Los Altos Luxury Estate’ Category

Big is back – article in the Wall Street Journal.  We see this to some degree in the Silicon Valley, Atherton, Los Altos Hills, Woodside area – but Most new estates are 10,000 to 30,000 square feet – with the average new estate probabbly just below 15,000 square feet (total square footage). Read more at [...]

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Will the Facebook IPO have an effect on the luxury home market? It’s already been happening.  Shares of Facebook and other non-public companies have been traded in the secondary market – so we have already seen buyers trading their Facebook shares (and employee/shareholders of other private companies) and buying real estate.  After a company goes [...]

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The Silicon Valley real estate market will be impacted by coming IPO’s. I keep a list on my desktop of the hottest ones – with Facebook rumored as coming soon – the luxury real estate market will see increased demand for estates in Silicon Valley. Demand is strong now in select markets – and there [...]

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27 single family homes closed escrow in the last 30 days in Los Altos, California. The median sale price was $1,695,000.  The average home size was 2,397 square feet on a 12,349 square foot lot.  This is information from the MLS – non MLS sales are not reflected in this data.

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7 homes closed escrow in the last 30 days in Los Altos Hills, California. The median sale price was $2,575,000.  The average home size was 3,369 square feet on 1.25 acres.  This is information from the MLS – non MLS sales are not reflected in this data.

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12 homes closed escrow in the last 30 days in Los Altos Hills, California. The median sale price was $2,600,000.  The average home size was 3,688 square feet on 1.26 acres.  This is information from the MLS – non MLS sales are not reflected in this data.

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Singapore is likely by 2020 to have the highest percentage of households with a net worth of $30 million US dollars.  The percentage of households in Singapore with $30 million or more net worth is expected to be 1.82% of the total households.   This percentage is well above other leading countries including Switzerland, Hong Kong and [...]

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Los Altos Real estate update for 5/20/11 from the multiple listing service. Total Active single family home listings – 67 Total under contract (pending) – 38 Sold (Closed) in the last 30 days – 27.  Of those sold the average square footage was 2,637 with an average lot size of 12,887 and an average sale price [...]

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Hong Kong will likely have the highest density of wealthy by 2020 with 47% of the population holding more than $1 million in wealth – followed by Singapore at 37% and Switzerland with 24%.

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By 2020 43% of the world’s wealth among millionaire households will be in the US – California will likely have the highest numbers.

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