Translation

Let’s Connect
Find Mary on FacebookFollow Mary on TwitterRSS FeedFollow Mary on YouTube

Categories
Contact Mary
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

Real Estate Search

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).   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 JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +3.0% $1,580,500 $1,535,000 +10.7% $1,427,500
Average Sales Price -6.2% $1,731,320 $1,846,640 +8.0% $1,602,470
No. of Homes Sold +28.6% 54 42 +3.8% 52
Pending Properties -50.8% 29 59 -31.0% 42
Foreclosures Sold -100.0% 0 1 -100.0% 1
Short Sales Sold N/A 0 0 N/A 0
Active Listings 0.0% 58 58 -37.0% 92
Active Foreclosures 0.0% 2 2 N/A 0
Active Short Sales N/A 0 0 -100.0% 2
Sales Price vs. List Price -2.2% 101.3% 103.6% -0.2% 101.6%
Average Days on Market -3.6% 28 29 -20.9% 35
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 over last year, but month over month looks a bit soft.  Don’t let the number fool you, though! 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 JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +2.0% $821,000 $805,000 +45.3% $565,000
Average Sales Price -12.4% $685,000 $782,286 +21.2% $565,000
No. of Homes Sold -28.6% 5 7 +400.0% 1
Pending Properties +40.0% 7 5 +16.7% 6
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings +150.0% 5 2 +66.7% 3
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -3.8% 102.9% 107.1% +9.1% 94.3%
Average Days on Market -16.9% 11 14 -85.2% 77
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. May was a super hot market for this area with really fast days on market and a high sale price to list price ratio. 
TRENDS AT A GLANCE JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +13.1% $990,000 $875,000 +46.7% $675,000
Average Sales Price +14.8% $1,034,000 $900,614 +28.7% $803,250
No. of Homes Sold -18.2% 9 11 -25.0% 12
Pending Properties -50.0% 5 10 -61.5% 13
Foreclosures Sold N/A 1 0 N/A 0
Short Sales Sold N/A 0 0 -100.0% 1
Active Listings +22.2% 44 36 +41.9% 31
Active Foreclosures -50.0% 1 2 0.0% 1
Active Short Sales N/A 0 0 -100.0% 3
Sales Price vs. List Price -5.9% 97.0% 103.1% +0.5% 96.5%
Average Days on Market -22.2% 29 37 -47.4% 55

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 JUN 2014 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -40.2% $1,703,500 $2,850,000 -30.6% $2,455,000
Average Sales Price -28.1% $2,062,960 $2,870,430 -15.7% $2,446,250
No. of Homes Sold -14.3% 6 7 +50.0% 4
Pending Properties -28.6% 5 7 -50.0% 10
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -15.4% 11 13 -45.0% 20
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 -100.0% 1
Sales Price vs. List Price +0.7% 101.5% 100.8% +9.8% 92.5%
Average Days on Market -42.3% 28 49 -2.6% 29

 

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 September 5, 2014
Median List Price:$2,891,615Average List Price:$3,696,163
Total Inventory:42Price per Square Foot:$800
Average Home Size:3,719Median Lot Size:41,895
Average # Beds:3.76Average # Baths:3.71
Homes Absorbed:5Newly Listed:4
Days on Market:91Average Age:53

 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 September 5, 2014
Median List Price:$2,096,088Average List Price:$3,076,855
Total Inventory:53Price per Square Foot:$728
Average Home Size:3,300Median Lot Size:14,715
Average # Beds:3.59Average # Baths:3.46
Homes Absorbed:8Newly Listed:7
Days on Market:102Average Age:32

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

90-day stats for Single Family properties in
LOS GATOS, CA as of September 5, 2014
Median List Price:$1,742,842Average List Price:$2,560,663
Total Inventory:160Price per Square Foot:$615
Average Home Size:2,766Median Lot Size:44,537
Average # Beds:3.40Average # Baths:3.14
Homes Absorbed:16Newly Listed:15
Days on Market:91Average Age:39
 95033 (Los Gatos Mountains) real estate info:
90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of September 5, 2014
Median List Price:$992,595Average List Price:$1,450,265
Total Inventory:66Price per Square Foot:$447
Average Home Size:2,296Median Lot Size:102,671
Average # Beds:3.01Average # Baths:2.52
Homes Absorbed:4Newly Listed:5
Days on Market:83Average Age:40

   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 September 5, 2014
Median List Price:$2,992,731Average List Price:$3,533,217
Total Inventory:18Price per Square Foot:$813
Average Home Size:3,861Median Lot Size:43,978
Average # Beds:3.37Average # Baths:3.53
Homes Absorbed:2Newly Listed:3
Days on Market:65Average Age:32

 

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:

See all Real estate in the 95030 zip code.
(all data current as of 9/16/2014)

  1. 5 beds, 3 full baths
    Home size: 3,036 sq ft
    Lot size: 30,492 sqft
  2. 6 beds, 3 full baths
    Home size: 2,877 sq ft
    Lot size: 7,552 sqft
  3. 5 beds, 5 full, 2 part baths
    Home size: 6,065 sq ft
    Lot size: 43,560 sqft
  4. 4 beds, 4 full baths
    Home size: 2,501 sq ft
    Lot size: 9,234 sqft
  5. 2 beds, 1 full bath
    Home size: 1,160 sq ft
    Lot size: 40,075 sqft

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

 

Homes for sale in Los Gatos & Monte Sereno 95032:

See all Real estate in the 95032 zip code.
(all data current as of 9/16/2014)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,114 sq ft
    Lot size: 1,970 sqft
  2. 5 beds, 3 full, 1 part baths
    Home size: 3,590 sq ft
    Lot size: 8,436 sqft
  3. 4 beds, 3 full baths
    Home size: 2,177 sq ft
    Lot size: 2,220 sqft
  4. 4 beds, 4 full, 1 part baths
    Home size: 2,650 sq ft
    Lot size: 10,500 sqft
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,765 sq ft
    Lot size: 4,720 sqft

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

 

Homes for sale in the Los Gatos Mountains:

See all Real estate in the 95033 zip code.
(all data current as of 9/16/2014)

  1. 3 beds, 2 full, 2 part baths
    Home size: 1,321 sq ft
    Lot size: 1.55 ac
  2. 3 beds, 2 full baths
    Home size: 1,426 sq ft
    Lot size: 2,208 sqft
  3. 2 beds, 2 full baths
    Home size: 1,199 sq ft
    Lot size: 12,745 sqft
  4. 5 beds, 4 full baths
    Home size: 3,537 sq ft
    Lot size: 1.69 ac
  5. 3 beds, 2 full baths
    Home size: 1,992 sq ft
    Lot size: 10.00 ac

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

Tags: , , , , , , , , ,

Leave a Reply

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Listing information is deemed reliable, but not guaranteed. Listings last updated 9/16/14 9:40 AM PDT.

Copyright 2014 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2014.