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Mary Pope-Handy
Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805


Selling homes in
Silicon Valley
:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park and
Santa Clara County

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Los Gatos Real Estate Market Trends and Statistics

The Los Gatos real estate market is up very, very strongly from a year ago, but down noticeably from last month (that could happen if more homes sold in the Campbell Union High School District rather than “in the schools” without properties losing any value).   Here are the current numbers, per my Los Gatos real estate report (click on the link for full information).  The sale price to list price ratio actually rose, and that implies that no value is slipping.

TRENDS AT A GLANCE MAR 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -14.9% $1,414,980 $1,663,000 +3.5% $1,367,500
Average Sales Price -13.0% $1,542,690 $1,772,450 +15.8% $1,332,720
No. of Homes Sold +37.9% 40 29 +25.0% 32
Pending Properties +17.6% 40 34 -13.0% 46
Foreclosures Sold N/A 0 0 -100.0% 1
Short Sales Sold N/A 0 0 -100.0% 1
Active Listings +15.8% 66 57 -16.5% 79
Active Foreclosures -100.0% 0 1 -100.0% 1
Active Short Sales 0.0% 1 1 -50.0% 2
Sales Price vs. List Price +1.3% 101.7% 100.4% +0.7% 101.0%
Average Days on Market -10.2% 37 42 +19.0% 31
Please continue reading for info on the LG condo market, and for real estate market information for Monte Sereno and the Los Gatos Mountains too.The Los Gatos condo and townhouse market is pretty healthy overall, with prices up very substantially over last year. Low inventory is the culprit.  Because there’s a wide range of values with these properties, a few lower end ones or a few luxury ones could make the market appear to be swinging when in fact it’s stable.
TRENDS AT A GLANCE MAR 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +96.3% $916,500 $466,875 +30.0% $705,000
Average Sales Price +94.6% $916,500 $470,938 +42.5% $643,200
No. of Homes Sold -50.0% 2 4 -60.0% 5
Pending Properties 0.0% 2 2 -60.0% 5
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 -100.0% 1
Active Listings 0.0% 3 3 -25.0% 4
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -2.0% 96.4% 98.4% -6.3% 102.9%
Average Days on Market +63.2% 45 27 -55.5% 100
Los Gatos Mountains (houses only, no condos or townhouses there). Houses in 95033 usually take a lot longer to sell than homes “in town”, but there are occasional stories of multiple offers and fast sales even there. The sale price to list price ratio indicates that the real estate market is hot there also!
TRENDS AT A GLANCE MAR 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +5.1% $720,250 $685,000 -9.9% $799,000
Average Sales Price +24.7% $897,650 $719,830 +24.0% $723,800
No. of Homes Sold -33.3% 6 9 +20.0% 5
Pending Properties -12.5% 7 8 -22.2% 9
Foreclosures Sold -50.0% 1 2 N/A 0
Short Sales Sold -50.0% 1 2 N/A 0
Active Listings +47.4% 28 19 -17.6% 34
Active Foreclosures N/A 0 0 -100.0% 2
Active Short Sales 0.0% 2 2 -50.0% 4
Sales Price vs. List Price +3.4% 101.0% 97.7% -0.6% 101.6%
Average Days on Market -28.9% 47 67 +219.9% 15

Monte Sereno (houses only – small area so prices appear to jump around more due to few transactions each month) – take it with a pound of salt and use the town of Los Gatos as a better reference. 

TRENDS AT A GLANCE MAR 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -13.6% $3,198,120 $3,700,000 +92.1% $1,665,000
Average Sales Price -13.6% $3,198,120 $3,700,000 +51.9% $2,105,900
No. of Homes Sold 0.0% 2 2 -60.0% 5
Pending Properties +66.7% 5 3 -28.6% 7
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings +66.7% 10 6 -16.7% 12
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -2.7% 95.4% 98.0% -6.8% 102.3%
Average Days on Market +630.0% 37 5 +176.5% 13

Cambrian Park area of San Jose - Looking for more affordable area close to Los Gatos? Check out the Cambrian Park area of San Jose, especially the 95124 zip code (with Union Schools).Cambrian area of San Jose - condos and townhomesNext we’ll have a quick look at the town by zip code and will use Altos Research charts and graphs (using list prices, not sold ones) to get a pulse on the market.  Disclaimers aside, here’s the broad overview by zip code – hope you find this helpful!  I will be using “live charts” here so they will always be current!95030 stats:

90-day stats for Single Family properties in
LOS GATOS, CA 95030 as of April 11, 2014
Median List Price:$2,613,246Average List Price:$3,121,135
Total Inventory:35Price per Square Foot:$784
Average Home Size:3,542Median Lot Size:10,173
Average # Beds:3.30Average # Baths:4.12
Homes Absorbed:3Newly Listed:4
Days on Market:115Average Age:48
  Continue via link for more information on Los Gatos real estate trends and statistics.95032 residential real estate statistics:
90-day stats for Single Family properties in
LOS GATOS, CA 95032 as of April 11, 2014
Median List Price:$1,941,154Average List Price:$3,088,632
Total Inventory:47Price per Square Foot:$671
Average Home Size:2,985Median Lot Size:10,156
Average # Beds:3.39Average # Baths:3.53
Homes Absorbed:6Newly Listed:7
Days on Market:118Average Age:61
And a look at Los Gatos “in town” as a whole:
90-day stats for Single Family properties in
LOS GATOS, CA as of April 11, 2014
Median List Price:$1,834,696Average List Price:$2,553,793
Total Inventory:117Price per Square Foot:$640
Average Home Size:2,746Median Lot Size:10,872
Average # Beds:3.40Average # Baths:3.52
Homes Absorbed:12Newly Listed:15
Days on Market:122Average Age:55
 95033 (Los Gatos Mountains) real estate info:
90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of April 11, 2014
Median List Price:$909,054Average List Price:$1,284,542
Total Inventory:35Price per Square Foot:$450
Average Home Size:2,254Median Lot Size:15,384
Average # Beds:3.49Average # Baths:2.89
Homes Absorbed:3Newly Listed:3
Days on Market:136Average Age:42
   Monte Sereno shares many services with LG so I will share these stats also:
90-day stats for Single Family properties in
MONTE SERENO, CA 95030 as of April 11, 2014
Median List Price:$3,617,154Average List Price:$3,644,850
Total Inventory:6Price per Square Foot:$786
Average Home Size:4,743Median Lot Size:16,761
Average # Beds:2.92Average # Baths:4.50
Homes Absorbed:1Newly Listed:1
Days on Market:113Average Age:37
 Los Gatos is a very complex real estate market because there are so many variables, including:

  • proximity to downtown (“walk to town” always a huge plus)
  • school district (“Los Gatos Schools” usually strongly preferred)
  • historic nature of homes & neighborhoods
  • slope and usability of the land
  • views
  • neighborhood amenities (cabana, nearby park, walkability)
  • access to popular venues and locations (parks, shopping, schools)
  • negative features such as busy roads, high voltage lines, being too close to freeways/trains, natural hazards such as earthquake faults etc.
  • type of sale (distressed or regular sale)

Often homes in Los Gatos will have some positive and some negative features, and the same goes for the location.

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