Silverstone Communities is Selling Homes in Los Altos, CA 120% Faster Than the Northern California Average*

While many builders are hanging up their hard hats, Silverstone Communities today announced that construction of Peninsula Real, a condominium community in prominent Los Altos, California, is complete and the pace of sales is the highest since 2005.

As the San Francisco Bay Area housing market continues to improve, delivering its eighth consecutive month of year-over-year sales increases and the first median home price increase since 2007, Silverstone Communities is poised to continue its impressive results.*

Peninsula Real in Los Altos, CA is located just south of Palo Alto, between San Francisco and San Jose, where the median home price still tops $1.5 million.

“Silverstone’s business strategy has been to consistently provide quality new homes in the most desirable areas, near solid job markets and great schools – and price them substantially below the area’s median home price,” said John McMorrow, President of Silverstone Communities. “Our core market segment has realized Silverstone’s value, even in the most difficult market in decades.”

Superbly positioned just south of renowned Stanford University, Peninsula Real offers residents easy access to Silicon Valley’s high-tech job market and the award-winning Los Altos School District. The 78-unit condominium and townhome community features homes ranging from one to three bedrooms and approximately 787 to 1,808 square feet of living space. The community’s upscale amenities include luxurious home finishes, beautifully landscaped grounds and an inviting central courtyard with pool and spa.

“Our business model works because land in exclusive areas is scarce, controlling the supply of new homes,” McMorrow said. “Because we successfully complete projects on time and on budget, we have an edge in prime land acquisitions that will allow us to continue to do what we do best – build and sell quality homes that people want to live in, for years to come.”

Since 2006, Silverstone Communities has completed over 340 lofts, condominiums, townhomes and single-family new homes, creating opportunities for families to live in the most coveted Bay Area locations.

Silverstone Communities has several future projects in the planning stages along the Peninsula, located in San Carlos, Mountain View and San Jose. For more information visit www.SilverstoneCommunities.com

About Silverstone Communities

Silverstone Communities is a local building company with a national presence and more than 100 years of combined real estate experience, with a passion for providing the best customer experience. We focus exclusively on creating affordable and desirable homes in pedestrian-friendly city centers and suburban downtowns that captures the essence of metropolitan living, providing communities close to transportation, high-quality schools, shopping and recreational venues.