Bucking the Trend-National Home Values Down, but Los Altos is Up
As reported in Realty Times, Zillow recently released data showing a year-over-year decrease in national home values of 5%. While the information may be valid for national trends, it isn’t helpful for home owners and buyers. Suggesting that a single, national home value number has any relevance to what is going on in any local real estate market is just silly. In fact, if you look closer at Zillow’s data for Los Altos the town is up 3% over last year. All meaningful real estate statistics need to be segmented as locally as possible.
We invite you to check out our market trends page for accurate local information for Los Altos, Palo Alto, Los Altos Hills, Menlo Park and surrounding areas.