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Business & Real Estate

Transactions

Los Altos

356 Alicia Way, O. & M. Rye to M. & A. Bhagavat for $2,575,000

634 Cuesta Drive, Q. Wu to A. Gu for $2,350,000

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Transactions

Los Altos

544 Cherry Avenue, Cherry Avenue Limited to S. & M. Cutler for $6,549,000

1911 Colleen Drive, Spiritu Sanctu to Boyd Trust for $2,070,000

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California buyers returning to housing market

California’s healthy economy and employment picture are drawing buyers back to the housing market, according to a California Association of Realtors survey.

The association’s 2015 Survey of California Home Buyers revealed that buyers include young adults who moved back with their parents during the economic downturn and those who suffered a foreclosure or short sale on their homes.

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Transactions

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Property-tax valuations are coming, and they'll be high in Los Altos

07 01 15 BIZ  Los Altos  Median Sales assessor fmt
Price per square foot in Los Altos, 2008-2015

When homeowners receive their assessed home values this week, Los Altos area residents will see a nearly complete rebound from the recession and a continuing overall growth spurt.

The story isn’t the same in harder-hit regions such as Gilroy and Alum Rock, which continue to climb out from under the big price drop that began in 2008 – but still haven’t met their previous peak.

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Transactions

Los Altos

100 First Street No. 101, Los Altos8 Limited to I. & D. Plut for $1,399,000

100 First Street No. 213, Los Altos8 Limited to A. Mort for $390,000

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Delaying homeownership could cost would-be buyers thousands over time

If you’re thinking of buying a home but hesitating, each year you delay could mean a loss in financial benefits over the long term, even in high-cost places like California.

With interest rates and home prices expected to climb in the next year, potential buyers who choose to remain on the sidelines for even a year could lose thousands of dollars in financial benefits over a 30-year time horizon, according to new data.

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