By Lifestyle is what comes to mind when thinking about living in Los Altos and Los Altos Hills. As one of the most coveted areas in the Silicon Valley, real estate in Los Altos provides large lots, prestigious schools, and a way of life that most would consider extremely appealing. The Los Altos lifestyle does come with a price! The good news is that property prices are lower—even in Los Altos and Los Altos Hills. Our market is experiencing what I call a Real Estate “Trifecta.” According to Wikipedia, “trifecta” is a term used to describe any successful or favorable phenomenon or characteristic that comes in threes. The trifecta we have right now in the Silicon Valley real estate market is:
- low interest rates
- lower property values
- sellers willing to negotiate
Oh, and if you are a first-time home buyer, don’t forget the tax credit that is part of the Stimulus Package
