UPDATE: New Construction in Old Los Altos

UPDATE: As I wrote a couple of weeks back, this new construction home in the area of Los Altos known as Old Los Altos sold immediately after its completion in June of 2013 for $3,500,000. Back on the market less than a year later with no improvements (a true apples-to-apples comparison), it closed escrow on June 6th for $4,500,000. That's a 29% increase in one year. 

Original post dated May 23, 2014: One To Watch: New Construction in Old Los Altos