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, which shows 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)

Los Gatos/Monte Sereno Real Estate Stats At A Glance

Year-Over-Year

  • Median home prices fell by 5.4% year-over-year to $2,224,000 from $2,350,000.
  • The average home sales price dropped by 8.9% year-over-year to $2,142,080 from $2,350,830.
  • Home sales fell by 13.3% year-over-year to 13 from 15.
  • Active listings rose 21.8% year-over-year to 67 from 55.
  • Sales price vs. list price ratio fell by 0.5% year-over-year to 99.1% from 99.5%.
  • The average days on market fell by 61.6% year-over-year to 21 from 54.

Compared To Last Month

  • Median home prices improved by 16.7% to $2,224,000 from $1,905,000.
  • The average home sales price fell by 2.1% to $2,142,080 from $2,187,250.
  • Home sales up by 8.3% to 13 from 12.
  • Active listings increased 36.7% to 67 from 49.
  • Sales price vs. list price ratio increased by 0.8% to 99.1% from 98.3%.
  • The average days on market dropped by 51% to 21 from 42.

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

Please continue reading for info on the Los Gatos condo market, and for real estate market information on Monte Sereno.
The Los Gatos condo and townhouse market is pretty healthy overall, and remains in a hot sellers market. Don’t be fooled by big shifts in data – 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. While an average turnover at 6 days and average sales at 109.3% of list price are extreme and indicate a firey hot seller’s market, that’s based on data from only one home! So this month, data may be a bit less reliable than usual. Take a look at the sales vs list price and you will see the percentage has remained close to 100% for many months. Inventory is low and must catch up with demand for there to be real, dramatic change in the market.

Los Gatos/Monte Sereno Condo Market Stats At A Glance

Year-Over-Year

  • Median home prices increased by 36.5% year-over-year to $1,310,000 from $960,000.
  • The average home sales price rose by 25.5% year-over-year to $1,310,000 from $1,044,200.
  • Home sales fell by 80% year-over-year to 1 from 5.
  • Active listings rose 100.0% year-over-year to 14 from 7.
  • Sales price vs. list price ratio rose by 1.9% year-over-year to 109.3% from 107.3%.
  • The average days on market fell by 40% year-over-year to 6 from 10.

Compared To Last Month

  • Median home prices improved by 33.7% to $1,310,000 from $980,000.
  • The average home sales price rose by 49.4% to $1,310,000 from $876,857.
  • Home sales down by 85.7% to 1 from 7.
  • Active listings increased 100.0% to 14 from 7.
  • Sales price vs. list price ratio increased by 8.2% to 109.3% from 101.0%.
  • The average days on market dropped by 79.9% to 6 from 30.

 Monte Sereno

 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 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:

 

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 March 24, 2017
Median List Price:$2,728,410Average List Price:$3,139,905
Total Inventory:35Price per Square Foot:$811
Average Home Size:3,421Median Lot Size:13,545
Average # Beds:4.33Average # Baths:3.93
Homes Absorbed:5Newly Listed:3
Days on Market:176Average Age:30

 

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

 

90-day stats for Single Family properties in
LOS GATOS, CA as of March 24, 2017
Median List Price:$2,519,192Average List Price:$2,877,517
Total Inventory:78Price per Square Foot:$820
Average Home Size:3,066Median Lot Size:24,339
Average # Beds:4.07Average # Baths:3.49
Homes Absorbed:10Newly Listed:8
Days on Market:166Average Age:39

 

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 March 24, 2017
Median List Price:$3,886,231Average List Price:$3,974,713
Total Inventory:14Price per Square Foot:$895
Average Home Size:4,464Median Lot Size:42,954
Average # Beds:4.25Average # Baths:4.14
Homes Absorbed:1Newly Listed:1
Days on Market:126Average Age:43

 

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. 1 bed, 1 full, 1 half baths
    Home size: 864 sq ft
  2. 5 beds, 4 full, 1 half baths
    Home size: 4,863 sq ft
    Lot size: 16,117 sqft
  3. 4 beds, 2 full, 1 half baths
    Home size: 2,514 sq ft
    Lot size: 12,022 sqft
  4. 4 beds, 2 full baths
    Home size: 2,715 sq ft
    Lot size: 1.01 ac
  5. 6 beds, 5 full, 1 half baths
    Home size: 5,871 sq ft
    Lot size: 1.16 ac

See all Real estate in the 95030 zip code.
(all data current as of 3/26/2017)

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

 

Homes for sale in Los Gatos & Monte Sereno 95032:

  1. 4 beds, 3 full baths
    Home size: 2,678 sq ft
    Lot size: 14,897 sqft
  2. 4 beds, 3 full baths
    Home size: 1,850 sq ft
    Lot size: 8,145 sqft
  3. 2 beds, 2 full baths
    Home size: 1,015 sq ft
    Lot size: 1,829 sqft
  4. 4 beds, 2 full, 1 half baths
    Home size: 1,691 sq ft
    Lot size: 2,003 sqft
  5. 3 beds, 2 full, 1 half baths
    Home size: 1,574 sq ft
    Lot size: 2,003 sqft

See all Real estate in the 95032 zip code.
(all data current as of 3/26/2017)

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

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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