How’s the Saratoga California real estate market?
Here are the real estate sales statistics for closed sales last month among houses and duet homes (if there are any) in the 95070 zip code (click on link to read the full Saratoga Real Estate Report for houses). Like much of Silicon Valley and Santa Clara County specifically, there’s been some calming of the market in the 2nd half of the year.
After this we’ll consider months of inventory by price point, and later also the Altos Research reports as well.
|TRENDS AT A GLANCE||SEP 2014||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||+8.9%||$2,126,000||$1,952,000||+12.5%||$1,890,000|
|Average Sales Price||-19.4%||$2,072,490||$2,572,820||-17.9%||$2,524,260|
|No. of Homes Sold||-29.6%||19||27||-17.4%||23|
|Short Sales Sold||N/A||0||0||N/A||0|
|Active Short Sales||N/A||0||0||-100.0%||1|
|Sales Price vs. List Price||+8.1%||108.8%||100.6%||+7.3%||101.4%|
|Average Days on Market||-23.3%||24||31||-52.6%||51|
Let’s next focus in on Months of Inventory data for single family homes in Saratoga by price point and high school district. This is often the best angle to get a clearer picture of what’s happening with the Saratoga, CA real estate market – where it’s slow and where it’s red hot. In this first data set, we see that the market in Saratoga 95070 is pretty much a seller’s market overall, until the $4 million mark, at which point there seem to be no takers.