Market Report - Los Altos - Long Beach - January 2014
There are currently 21 active homes on the market in Los Altos
and just 13 new homes came on the market this month. The prices range from $500,000 up to $799,000.
There were a total of 15 homes sold in Los Altos
in January 2014
Long Beach Building Permit from 1967
$474,000 Sold 1841 McNab Avenue
Lowest sold price for January 2014 was $474,000 at 1841 McNab Avenue, located off of Atherton, across from CSULB Carpenter Center. Interestingly, this 3 bedroom, 2 bath home with 1,181 sq ft of living space was listed at $585,000 and sold for over $100,000 less than list price within three weeks. It was original except for a 1967 kitchen remodel and expansion. Please note the permit put the valuation of the proposed work at $1,000!
$740,000 Sold at 5252 Daggett Street
Highest sold price in January was $740,000 at 5252 Daggett Street, also located off of Atherton but closer to Clark. This 4 bedroom, 2 bath home was built and sold by the builder Davinci who purchased a 2 bedroom fixer on this site in October of 2012 for $389,000; a $350,000 difference. Davinci has bought and flipped quite a few Los Altos homes in the past few years.
These 15 sold properties sold for an average price of $579,853. The average size was 3 bedroom/2.13 bath and 1,677 square feet of living space on a 6,296 square foot lot.
A common question I receive is how much does a total fixer sell for in Los Altos. A good example of this type of listing was 1818 Ashbrook Avenue, again just a few houses off of Atherton. It was listed for $475,000 and sold for $489,675.
Looking to sell in Los Altos and need to know your homes market value. Click here.
Looking to buy in Los Altos. Click here
for all homes currently active in the 90815 zip code.
Michele K & Team
Better Living in Long Beach