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)

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 some indicators that prices are softer than a year ago (which I do not think it accurate – more likely it is an anomoly that less expensive homes closed escrow in April than usual).  Take a peek at the sales vs list price and you will see the percentage is up, as are the pending properties, while the active listings are down. So even though the sales price has gone down we can see that houses are still selling for more than they are listed and within 2 weeks of listing. 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”, but there are occasional stories of multiple offers and fast sales even there.

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 APR 2015 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -39.4% $2,180,000 $3,600,000 -19.3% $2,702,500
Average Sales Price -38.6% $2,149,710 $3,500,000 -21.4% $2,735,000
No. of Homes Sold +75.0% 7 4 +75.0% 4
Pending Properties -57.1% 3 7 -66.7% 9
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -7.7% 12 13 +20.0% 10
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -1.2% 99.9% 101.2% -3.6% 103.7%
Average Days on Market +19.4% 83 69 +227.7% 25

And 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 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 May 15, 2015
Median List Price:$1,996,885Average List Price:$2,911,088
Total Inventory:36Price per Square Foot:$749
Average Home Size:2,945Median Lot Size:14,093
Average # Beds:4.20Average # Baths:3.50
Homes Absorbed:5Newly Listed:8
Days on Market:67Average Age:40

 

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

 

90-day stats for Single Family properties in
LOS GATOS, CA as of May 15, 2015
Median List Price:$1,938,212Average List Price:$2,789,598
Total Inventory:104Price per Square Foot:$654
Average Home Size:3,034Median Lot Size:45,189
Average # Beds:4.00Average # Baths:3.29
Homes Absorbed:11Newly Listed:16
Days on Market:89Average Age:41

 

95033 (Los Gatos Mountains) real estate info:

 

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of May 15, 2015
Median List Price:$1,271,808Average List Price:$1,616,383
Total Inventory:41Price per Square Foot:$480
Average Home Size:2,651Median Lot Size:112,417
Average # Beds:3.50Average # Baths:2.88
Homes Absorbed:3Newly Listed:4
Days on Market:111Average Age:40
 Mo

 

 

nte 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 May 15, 2015
Median List Price:$3,210,689Average List Price:$3,663,560
Total Inventory:15Price per Square Foot:$845
Average Home Size:4,170Median Lot Size:42,173
Average # Beds:4.71Average # Baths:4.13
Homes Absorbed:2Newly Listed:2
Days on Market:125Average Age:38

 

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 full baths
    Home size: 2,338 sq ft
    Lot size: 7,013 sqft
  2. 4 beds, 2 full, 1 part baths
    Home size: 3,300 sq ft
    Lot size: 20,691 sqft
  3. 4 beds, 3 full baths
    Home size: 2,620 sq ft
    Lot size: 7,971 sqft
  4. 3 beds, 2 full baths
    Home size: 1,927 sq ft
    Lot size: 5,532 sqft
  5. 5 beds, 4 full baths
    Home size: 3,341 sq ft
    Lot size: 11,107 sqft

See all Real estate in the 95030 zip code.
(all data current as of 5/22/2015)

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: 2,443 sq ft
    Lot size: 7,797 sqft
  2. 5 beds, 2 full, 1 part baths
    Home size: 3,634 sq ft
    Lot size: 1.04 ac
  3. 3 beds, 2 full, 1 part baths
    Home size: 2,175 sq ft
    Lot size: 2,700 sqft
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,574 sq ft
    Lot size: 2,178 sqft
  5. 2 beds, 1 full, 1 part baths
    Home size: 928 sq ft
    Lot size: 392 sqft

See all Real estate in the 95032 zip code.
(all data current as of 5/22/2015)

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

 

Homes for sale in the Los Gatos Mountains:

  1. 2 beds, 2 full baths
    Home size: 912 sq ft
    Lot size: 15,855 sqft
  2. 3 beds, 2 full baths
    Home size: 2,700 sq ft
    Lot size: 3.03 ac
  3. 2 beds, 2 full baths
    Home size: 1,963 sq ft
    Lot size: 2.51 ac
  4. 5 beds, 5 full baths
    Home size: 4,000 sq ft
    Lot size: 11.62 ac
  5. 3 beds, 2 full baths
    Home size: 2,002 sq ft
    Lot size: 4,791 sqft

See all Real estate in the 95033 zip code.
(all data current as of 5/22/2015)

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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