07012016Fri
Last updateWed, 29 Jun 2016 8am

Transactions

Los Altos

1841 Alford Avenue, Loretz Construction to R. Bland for $3,227,000

739 College Court, W. Zhou to A. & R. Lahtiranta for $2,300,000


Transactions

Los Altos

947 Aura Court, S. & N. Tagare to A. Seth for $2,997,500

1481 Brookmill Road, R. & P. Bennion to S. Chen for $2,888,000

Realtors back flood-insurance bill

Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules – but they risk paying higher rates if they return to the program.

Members of Congress seeking to alleviate that concern late last month unanimously passed the Flood Insurance Market Parity and Modernization Act. Realtors called the bill’s passage through the U.S. House of Representatives a step forward for reform of the broader flood-insurance system.

Transactions

Los Altos

73 Third Street No. 11, Hau Trust to Mendez Trust for $1,407,500

10625 Eloise Circle, M. & J. Jones to Crackchau Limited for $2,800,000

Transactions

Los Altos

754 Edge Lane, EE-CALL Limited to Gollnick Trust for $2,020,000

35 Los Altos Square, N. Walsh to Snow Trust for $1,485,000

Transactions

Los Altos

1554 Clay Drive, T. & V. Leborgne to K. Rao for $2,740,000

4388 El Camino Real No. 228, E. Mack to Evergreen Emerald Jade Trust for $1,326,000

Silicon Valley home sales and prices accelerate in month of March

California home sales rose in March compared with the previous month and year, posting the highest sales pace in six months.

Tight housing supply and high demand for homes also pushed home prices higher last month, according to the latest report from the California Association of Realtors (CAR). The local picture mirrors that of the state, as the upward trend continues to be driven by strong job growth, the limited supply of housing and high demand for homes in the region.


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