Townhouse prices in Los Altos have fairly closely followed the trajectory of Los Altos house prices since approximately 2013 although with more quarter to quarter volatility. During the dot-com bubble in 2000, house prices surged significantly more than townhouse prices, but by 2002, they regressed to a similar margin. Subsequently, during the sub-prime mortgage crisis in 2008, townhouse prices dropped before house prices dropped. However, by the conclusion of 2012, townhouse prices had rebounded to the previously established ratio. Since 2013, this price ratio has exhibited relative stability.
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