As shown in the graph below:
The inventory is lowest each year in January, then increases gradually until summer. The inventory is highest each year in the summer, then decreases each year by winter.
What does this mean?
By the rule of supply and demand, if your are selling a property, you would like to bring it on the market when the inventory is the lowest. If you are buying a property, you would like to purchase it when inventory is highest.
However, there are several other factors:
1. The schools desire the students to be enrolled by June of each year, creating a rush of buyers trying to beat this deadline.
2. Summer sales are often slow due to vacations and other summer activities.
3. Holiday sales are often slow due to holiday celebrations from almost all cultures. This reduces the number of sales from mid-December to Mid-February each year.
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| Los Altos Inventory |
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The typical Los Altos home is a four bedroom and two bathroom home of approximately 1,800 square feet on a quarter acre lot. In 1981, this home sold for less than $200,000. That average home now sells for near $1,500,000. This represents an average increase in value of almost 8% annually.
Can there be a more consistant and reliable real estate market than Los Altos?
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| Value of a 4 bed 2 bath home in Los Altos |
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