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Archive for the ‘Los Altos Luxury Estate’ Category

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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China will continue to be the driving force in rate of growth of the wealthy followed by Brazil (emerging market) and Russia (emerging market).  The US and Europe will continue to be the centers of wealth in the next decade.

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The next decade is going to show a marked increase in total wealth of millionaire households- it will grow from $92 trillion this year to $202 trillion in 2020.

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The statistics show that closed sales are strong in October and November  – most properties closed in those months were listed in September and October.  Even December can be a strong month for closed sales (meaning house was marketed in September October November).  January is typically a slower month – as people are focused on [...]

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