Raptorduck sounds like a realtor troll that is trying to sow doubt about the bubble deflating, based on anecdotes of doubtful accuracy about Los Altos.

Dude, 14 houses and 2 Townhomes closed escrow in Los Altos in Sep. As of yesterday, there were 65 residences in MLS. That’s a 4month supply. Transactions are closing at slow pace.

Sure, Los Altos is a a entral “fortress” area of the SF Bay Area (LA, LAH, PA, MTV), and hence will be the last to cave. So what? Your thesis proves absolutely nothing.