Los Gatos Real Estate Market Trends and Statistics

The Los Gatos real estate market is varied from one price point or school district to the next, but over all, this is a stable period with some appreciation and in many cases, a warm seller’s market (as the sale price to list price ratio indicates). Most of the price gains happened last spring rather than in the last month or two.  Here are the current numbers, per my Los Gatos real estate report (click on the link for full information).

Los Gatos / Monte Sereno area (aka “area 16” for our MLS, zip codes 95030 and 95032)

 

Next, I pulled these stats from my local MLS – they include townhomes and condos, but can give a helpful view to the trends in the Los Gatos real estate market overall.

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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, though April’s cooling was an anomaly.  Take a peek at the sales vs list price and you will see the percentage has remained up above 100%, as are the pending properties, while the active listings are still low. So even though the sales price has gone down houses are still selling for more than they are listed, and though the average days on markets has gone back up, sales in under a month show that it is still a hot market. 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 a stable sellers market.
Los Gatos Mountains(houses only, no condos or townhouses there). Houses in 95033 usually take a lot longer to sell than homes “in town”, and there are fewer homes available, but there are occasional stories of multiple offers and fast sales even there. Below, please take a look at the days on market and sale to list price ratio.
The real estate report for last month is not quite ready but I’ll update the post when the LGMtns part is current. For now, here’s a view of some of the major trends that I pulled from the MLS.

 

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.   

 

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:

 

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 August 14, 2015
Median List Price:$1,836,184Average List Price:$2,720,150
Total Inventory:49Price per Square Foot:$748
Average Home Size:2,544Median Lot Size:11,047
Average # Beds:4.13Average # Baths:3.35
Homes Absorbed:7Newly Listed:6
Days on Market:67Average Age:37

 

And a look at Los Gatos “in town” as a whole:

 

90-day stats for Single Family properties in
LOS GATOS, CA as of August 21, 2015
Median List Price:$1,842,774Average List Price:$2,655,063
Total Inventory:132Price per Square Foot:$698
Average Home Size:2,651Median Lot Size:37,114
Average # Beds:3.95Average # Baths:3.28
Homes Absorbed:14Newly Listed:12
Days on Market:87Average Age:39

 

95033 (Los Gatos Mountains) real estate info:

 

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of August 7, 2015
Median List Price:$1,278,154Average List Price:$1,661,880
Total Inventory:50Price per Square Foot:$500
Average Home Size:2,466Median Lot Size:109,094
Average # Beds:3.43Average # Baths:2.94
Homes Absorbed:4Newly Listed:4
Days on Market:94Average Age:41

 

Monte Sereno shares many services with Los Gatos so I will share these stats also:

90-day stats for Single Family properties in
MONTE SERENO, CA 95030 as of August 14, 2015
Median List Price:$3,074,188Average List Price:$3,520,338
Total Inventory:13Price per Square Foot:$842
Average Home Size:3,680Median Lot Size:35,663
Average # Beds:4.55Average # Baths:3.93
Homes Absorbed:1Newly Listed:1
Days on Market:113Average Age:42

 

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.

 

Homes for sale in Los Gatos & Monte Sereno 95030:

  1. 5 beds, 3 full, 1 part baths
    Home size: 4,605 sq ft
    Lot size: 8,624 sqft
  2. 4 beds, 4 full baths
    Home size: 4,410 sq ft
    Lot size: 22,956 sqft
  3. 6 beds, 5 full, 1 part baths
    Home size: 5,855 sq ft
    Lot size: 3.36 ac
  4. 4 beds, 4 full baths
    Home size: 6,700 sq ft
    Lot size: 1.04 ac
  5. 4 beds, 4 full baths
    Home size: 3,812 sq ft
    Lot size: 9,016 sqft

See all Real estate in the 95030 zip code.
(all data current as of 8/28/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Homes for sale in Los Gatos & Monte Sereno 95032:

  1. 4 beds, 2 full baths
    Home size: 2,229 sq ft
    Lot size: 8,712 sqft
  2. 4 beds, 2 full, 1 part baths
    Home size: 2,325 sq ft
    Lot size: 8,581 sqft
  3. 4 beds, 3 full baths
    Home size: 3,485 sq ft
    Lot size: 15,792 sqft
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,637 sq ft
    Lot size: 3,136 sqft
  5. 2 beds, 1 full bath
    Home size: 1,200 sq ft
    Lot size: 9,500 sqft

See all Real estate in the 95032 zip code.
(all data current as of 8/28/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

Homes for sale in the Los Gatos Mountains:

  1. 5 beds, 4 full baths
    Home size: 4,767 sq ft
    Lot size: 3.04 ac
  2. 3 beds, 3 full baths
    Home size: 3,228 sq ft
    Lot size: 3.45 ac
  3. 4 beds, 2 full baths
    Home size: 2,600 sq ft
    Lot size: 4.71 ac
  4. 2 beds, 2 full baths
    Home size: 1,440 sq ft
    Lot size: 2.93 ac
  5. 3 beds, 2 full baths
    Home size: 1,747 sq ft
    Lot size: 4.11 ac

See all Real estate in the 95033 zip code.
(all data current as of 8/28/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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


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