We’ve begun to hear cries of victory over the economy but I doubt that anyone really takes them seriously. On the other hand, opposition vanguards have begun to claim that “Obama’s spending policy isn’t working.” But remember it tooks years of over financing to get us to this special place.
Nonetheless, it is always interesting to put the finger on the pulse of the local real estate market. Below I’ve posted a few charts that go 10 years back. The charts are semi-annual data which picks up interesting directional flows. Even the most sophisticated analysts aren’t great at predicting the future. However, these simple charts plotting just 3 variables, Median Price, Listing Inventory of Homes Available For Sale, and Closed Transactions give an interesting picture. This post contains only Los Altos, Los Altos Hills and Mountain View and I promise to post other mid-peninsula cities shortly.
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- Mountain View Single Family Homes – 1999-2009, Semi Annual Inventory, Homes Sold and Median Price
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- Los Altos Single Family Homes – 1999-2009: Inventory, Homes Sold and Median Price
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- Los Altos Hills Single Family Homes – 1999-2009: Inventory, Homes Sold and Median Price
