Tue07072015

Business & Real Estate

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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Transactions

Los Altos

100 First Street No. 110, Los Altos8 Limited to Sarpa Trust for $1,605,500

926 Aura Way, Rassai Trust to Phukan Trust for $3,200,000

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Transactions

Los Altos

100 First Street No. 102, Los Altos8 Limited to R. Hwang for $1,495,000

100 First Street No. 112, Los Altos8 Limited to Feigenbaum Trust for $1,495,500

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Are you guilty of extrapolation bias?

In the jargon of behavioral finance, “extrapolation bias” refers to the tendency to overweight recent events when making decisions about the future. Also known as “recency bias,” this is a very real challenge we must learn to overcome if we are to invest rationally.

Have you ever flipped a coin a number of times in a row and gotten all heads? If so, what did you expect to get on the next flip? If you’re like most people, the answer is “tails.” But even if you flipped 20 heads in a row, the statistical likelihood of getting tails on the next flip is still 50 percent. Many people struggle to intuitively grasp that fact.

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Transactions

Los Altos

100 First Street No. 217, Los Altos8 Limited to Hartenbaum Trust for $1,625,500

692 Benvenue Avenue, J. & V. Green to Duterme Trust for $2,860,000

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