Thursday, March 26, 2009

Peninsula Real Los Altos - price reduction

Peninsula Real in Los Altos, new 78 unit condominium and townhouse development by Silverstone, reduced prices on several condominium and townhome residences located within attendance area of K-8 school district, the Los Altos School District, and 9-12 Mountain View-Los Altos Union High School District.

Price for one bedroom, 1,671 square feet condo was $518,880 – now $469,880;
Price for two bedrooms, 1,225 square feet condo was $695,880 – now $599,880;
Price for three bedroom, 1,567 square feet townhouse was $968,880 – now $839,880.

Interesting quote from just a half-year old advertisement article about Peninsula Real condos and townhouses:
Silverstone Communities has defied national and local trends by building in highly sought after locations where home sales and prices remain among the strongest in the country. In fact, according to reports from Zillow.com, property values in Los Altos are currently increasing.
"We build in areas where home values traditionally appreciate year over year," said John McMorrow, President of Silverstone Communities

The sales center is on Los Altos Avenue at 4388 El Camino Real in Los Altos.

1 comment:

SaavyHomeBuyer said...

Peninsula Real, by Silverstone Communities, is now over 70% sold out. Homes are selling very quickly at a pace of about 6 per month. Homeowners first moved into their condominiums in May 2009. There is still a nice variety of 1, 2 and 3 bedroom homes available.