Thu11272014

Business & Real Estate

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase as many as 30 homes in the Midwest, according to the recent Coldwell Banker Home Listing Report.

The report ranked Los Altos as the most expensive market in the U.S. for the second time in three years. Overall, eight Bay Area cities ranked in the top 10 in the national survey.

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SILVAR recognized for global achievement


courtesy of SILVAR
SILVAR’s Paul Cardus, left, and David Tonna display the organization’s NAR Platinum Awards.

The National Association of Realtors recognized the Silicon Valley Association of Realtors (SILVAR) for the second time with its NAR Platinum Award, part of its Global Achievement Program.

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Transactions

Los Altos

120 Catalina Court, G. & C. Scrivano to S. & N. Shah for $3,162,500

960 Crooked Creek Drive, E. & K. Nadir to A. Sharma for $2,100,000

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Transactions

Los Altos

385 Anita Avenue, V. & C. Sarkissian to Peruri Trust for $1,950,000

594 Avon Way, Nash Trust to Zhu & Xia Trust for $2,602,000

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Transactions

Los Altos

766 Arroyo Road, Conn Trust to K. & M. Kozo for $2,411,000

170 Frederick Court, C. Pfister to H. Hou for $2,413,500

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Report shows luxury home sales up 21 percent

Silicon Valley’s luxury housing market remained hot in September, with sales climbing 21 percent over the same month last year and median prices edging higher, according to a monthly report by Coldwell Banker Residential Brokerage.

The report’s figures are based on Multiple Listing Service data of all homes sold in September for more than $1.5 million in Santa Clara County. A total of 159 luxury homes sold in September, up from 131 sales in September 2013. September sales were lower than August’s 185 transactions – which real estate officials attributed to common seasonal declines from August to September.

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Survey: Millennials value homeownership

Millennials value homeownership but believe that it might take longer before they buy a home, according to a California Association of Realtors survey.

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