The Los Altos Real Estate Market isn’t considered entry level for most. Even here in the land (once again) of IPO’s like LinkedIn, Facebook, and thousands of overnight millionaires. So let’s focus on the move up buyer who finds their way to Los Altos. Assuming this isn’t the “forever” house but a great place to raise kids and enjoy life for a while. Let’s say 10 years…..what does that look like?
Is it a good investment over time? Most people would agree that turnover in a condo is more liekly a 3-5 year plan….maybe a 7 year plan more recently with the economic downturn. But a house, in an area like Los Altos with top rated schools can easily be a comfortable 10 year plan. Based on the past 10 years, the graph says it all!
Maybe it’s hard to imagine another housing boom right now, but as we all know history tends to repeat itself. Even if it doesn’t, the odds are if you are buying a home soon you will be looking at a graph 10 years from now with a knowing smile on your face!
This blog is courtesy of The Dawn Thomas Team who is an award-winning Real Estate Agent team at Intero Real Estate Services in Los Altos 650-701-7822. We help nice people with selling and buying homes from Palo Alto to West San Jose!