Field Notes from a Realtor

When Zestimate falls short: Property research for Silicon Valley
Alex Wang Alex Wang

When Zestimate falls short: Property research for Silicon Valley

When evaluating potential property purchases in Los Altos, Los Altos Hills, Mountain View and surrounding communities, most buyers rely heavily on automated valuation models like Zillow’s Zestimate. However, I’ve observed these tools often miss the mark by hundreds of thousands of dollars in our local market.

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The predictable unpredictability of Los Altos’ seasonal days on market
Alex Wang Alex Wang

The predictable unpredictability of Los Altos’ seasonal days on market

Los Altos’ real estate market reveals a fascinating rhythm when we examine how long homes stay on the market throughout the year. The data tells a compelling story: Homes selling in just five days in February 2025 compared to 36 days in January – a dramatic 86% decrease in selling time in a single month. 

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Los Altos real estate sales surge in the first quarter of 2025
Alex Wang Alex Wang

Los Altos real estate sales surge in the first quarter of 2025

The Los Altos housing market demonstrated remarkable strength in the first quarter of 2025, with substantial price appreciation in three of the four major areas. North Los Altos (211) led the charge with an impressive 34.4% increase in average sales price, jumping from $4.53 million to $6.08 million year-over-year. This dramatic increase solidifies North Los Altos’ position as one of the most sought-after neighborhoods. 

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Equity-rich? Consider a bridge loan.
Alex Wang Alex Wang

Equity-rich? Consider a bridge loan.

Bridge loans are short-term financing options that “bridge” the gap between buying a new home and selling your current one. Typically lasting 6-12 months, these loans allow homeowners to use their existing home equity to fund a down payment on a new property. Although bridge loans carry higher interest rates than traditional mortgages (often 1-2% higher) and may include origination fees, they provide valuable flexibility in competitive markets.

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Real Estate Agents vs. Car Salespeople
Alex Wang Alex Wang

Real Estate Agents vs. Car Salespeople

“What’s the difference between selling cars and selling real estate?” It’s a question that reveals a fundamental misunderstanding of what real estate agents actually do. While both professions involve facilitating a purchase transaction, the similarities end there…

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Lessons from Los Angeles: Top 10 fire-safe upgrades for your home
Alex Wang Alex Wang

Lessons from Los Angeles: Top 10 fire-safe upgrades for your home

The recent fires in Los Angeles were a stark reminder that we can – and should – take steps to make our homes more resilient. While no home is fully fireproof, a few key improvements and a fire-conscious mindset can mean the difference between sustaining damage and losing everything.

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Dear seller: The evolving role of buyer love letters in real estate
Alex Wang Alex Wang

Dear seller: The evolving role of buyer love letters in real estate

While many lovebirds may have welcomed Valentine’s Day cards and love letters last week, real estate “love letters” are facing a more complicated relationship. Recently, the National Association of Realtors (NAR) has started to raise concerns about this practice, warning that these letters could lead to unintended Fair Housing violations. With new rules in place and shifting industry sentiment, should buyers still be sending love letters to sellers? Or is it time for a breakup?

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3 Million Agents, 5 Million Transactions— Something Doesn’t Add Up
Alex Wang Alex Wang

3 Million Agents, 5 Million Transactions— Something Doesn’t Add Up

Today, I had the privilege of meeting with a group of dedicated Silicon Valley real estate agents from Los Altos, Palo Alto, Menlo Park, and surrounding markets, organized by mortgage advisor Nikki James. Our discussion centered on an exciting initiative: the formation of a new trade group, the American Real Estate Association (AREA)—an organization that aims to elevate the industry and address the serious flaws in the current system.

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