Los Altos townhouse prices have generally run parallel to Los Altos house prices. The dot-com boom in 2000 created temporary upward pressure on luxury housing, which boosted house prices significantly more than townhouse prices.
The most interesting divergence in house price trends vs condo price trends began in 2020. Condo prices began to drop while house prices continued to climb. Both increased construction of condos enabled by low mortgage rates and COVID-19 health concerns, together, seem to have impacted condos more than houses. With higher interest rates reducing new construction and COVID-19 health concerns lessened, condo prices may grow faster than house prices in the near future.
Understanding Los Altos real estate can help you make better housing choices.