Leo or Leona - the mascot of Los GatosThe Los Gatos real estate market is varied from one price point or school district to the next, but over all, this is a fairly stable period with some slight warming over the last couple of months. Here are the current numbers, per my Los Gatos real estate report (click on the link for full information).

The Los Gatos Mountains are a distinctly different market and as such are covered in a separate market update, updated less frequently than here, but with live Altos charts for that area.

Los Gatos / Monte Sereno housing values and pricing trends (aka “area 16” for our MLS, zip codes 95030 and 95032) – month over month, it’s been flattening out, but still up very substantially over a year ago.

Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $2,475,000 (+2.1%) $2,425,000 $1,960,000 (+26.3%)
Average Price $2,705,630 (+3.0%) $2,626,180 $2,160,620 (+25.2%)
No. of Sales 30 (0.0%) 30 33 (-9.1%)
Pending 46 (+48.4%) 31 53 (-13.2%)
Active 74 (+27.6%) 58 80 (-7.5%)
Sale vs. List Price 103.6% (-4.1%) 108.0% 101.5% (+2.0%)
Days on Market 25 (+27.7%) 20 26 (-5.0%)
Days of Inventory 74 (+32.0%) 56 73 (+1.7%)

And the chart from last month for reference:

The Los Gatos condo and townhouse market is still hot. It’s been pretty healthy overall, and remains in a sellers market. Big shifts in data are common; low inventory and a wide range of values within these properties can make the market appear to swing wildly when the market is actually stable. An average turnover at 22 days (but up from 9 last month!) and average sales at 108.6% of list price shows the market is hot (however, that is down from 114.5%). Take a look at the sales vs list price and you will see the percentage has remained over 100% for many months, indicating that things are more stable than they might sometimes appear. Things are softening a little. Weary buyers, this may be a good opportunity. Lately I’m seeing fewer offers on properties, increasing your odds of success!
Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $1,350,000 (+5.3%) $1,281,500 $1,100,000 (+22.7%)
Average Price $1,238,460 (-3.3%) $1,280,430 $1,052,000 (+17.7%)
No. of Sales 13 (-7.1%) 14 (+44.4%)
Pending 13 (+18.2%) 11 (+44.4%)
Active 11 (+120.0%) 5 (+22.2%)
Sale vs. List Price 108.6% (-5.2%) 114.5% 100.6% (+7.9%)
Days on Market 22 (+143.4%) 9 46 (-51.7%)
Days of Inventory 25 (+145.1%) 10 30 (-15.4%)
And the data from last month for comparison:

Monte Sereno

 

 Monte Sereno (houses only, at least for now – 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. Monte Sereno’s home values are higher, and the luxury tier generally does not sell as fast or as strong as more moderately priced areas in Silicon Valley. The market in Monte Sereno for sellers right now is much better than it was a year ago, though.
Trends At a Glance May 2018 Previous Month Year-over-Year
Median Price $4,075,000 (+1.6%) $4,011,500 $2,663,000 (+53.0%)
Average Price $3,800,000 (-5.3%) $4,011,500 $2,663,000 (+42.7%)
No. of Sales (+100.0%) 2 (+100.0%)
Pending (+100.0%) 3 (+20.0%)
Active 11 (+10.0%) 10 17 (-35.3%)
Sale vs. List Price 99.1% (-9.0%) 108.8% 96.0% (+3.2%)
Days on Market 23 (+102.2%) 12 35 (-33.6%)
Days of Inventory 83 (-43.1%) 145 255 (-67.6%)
And the chart from last month:

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 townhomes. I also update a market post on this blog monthly for this San Jose neighborhood, titled The Cambrian Park Real Estate Market Update which can be found through the link.

 

Next 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:

 

app?pai=50109450&service=chart&st=CA&cid=70&zid=333&rt=sf&ra=a&q=a&s=median price&sz=m&ts=e - Los Gatos Real Estate Market Trends and StatisticsContinue 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 June 15, 2018
Median List Price:$2,920,671Average List Price:$3,054,811
Total Inventory:27Price per Square Foot:$919
Average Home Size:3,237Median Lot Size:14,881
Average # Beds:4.28Average # Baths:3.77
Homes Absorbed:5Newly Listed:6
Days on Market:36Average Age:46

app?pai=50109450&service=chart&st=CA&cid=70&zid=334&rt=sf&ra=a&q=a&s=median price&sz=m&ts=e - Los Gatos Real Estate Market Trends and Statistics

 

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

 

90-day stats for Single Family properties in
LOS GATOS, CA as of June 15, 2018
Median List Price:$2,435,154Average List Price:$2,959,605
Total Inventory:92Price per Square Foot:$838
Average Home Size:3,038Median Lot Size:49,366
Average # Beds:3.99Average # Baths:3.61
Homes Absorbed:13Newly Listed:16
Days on Market:102Average Age:45

 

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 June 15, 2018
Median List Price:$3,722,577Average List Price:$4,189,764
Total Inventory:9Price per Square Foot:$1,016
Average Home Size:3,767Median Lot Size:40,597
Average # Beds:4.56Average # Baths:4.34
Homes Absorbed:1Newly Listed:2
Days on Market:28Average Age:33

 

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. 4 beds, 3 baths
    Home size: 1,975 sq ft
    Lot size: 6,599 sqft
  2. 0 beds, 0 bath
    Home size: 1,975 sq ft
    Lot size: 6,599 sqft
  3. 3 beds, 1 bath
    Home size: 1,048 sq ft
    Lot size: 9,408 sqft
  4. 3 beds, 3 baths
    Home size: 1,445 sq ft
    Lot size: 3,593 sqft
  5. 2 beds, 2 baths
    Home size: 1,264 sq ft
    Lot size: 6,904 sqft

See all Real estate in the 95030 zip code.
(all data current as of 6/17/2018)

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

 

Homes for sale in Los Gatos & Monte Sereno 95032:

  1. 5 beds, 6 baths
    Home size: 6,050 sq ft
    Lot size: 2.82 ac
  2. 2 beds, 2 baths
    Home size: 1,015 sq ft
    Lot size: 1,890 sqft
  3. 4 beds, 4 baths
    Home size: 4,260 sq ft
    Lot size: 1.01 ac
  4. 4 beds, 3 baths
    Home size: 2,193 sq ft
    Lot size: 11,891 sqft
  5. 2 beds, 1 bath
    Home size: 1,392 sq ft
    Lot size: 5,610 sqft

See all Real estate in the 95032 zip code.
(all data current as of 6/17/2018)

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

More info on Los Gatos Homes for Sale, too.

 

Read more about Los Gatos real estate on my other sites and blogs, too, including popehandy.com:
Los Gatos real estate market trends

Do you love Los Gatos, live there now or want to live there? Please also visit the Live in Los Gatos Blog!

Learn about Los Gatos neighborhoods, see photos, videos, pricing information, age of homes and much more! Get frequent Los Gatos real estate market updates, find out about local events, business, see images of the parks, historic buildings, and get to know Los Gatos even better. “Live in Los Gatos” is an award winning blog, also written by local Los Gatos Realtor and resident Mary Pope-Handy – check it out today!

Live in Los Gatos Blog

Translation

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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


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