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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


Selling homes in
Silicon Valley:
Santa Clara County,
San Mateo County, and
Santa Cruz County.
:
Special focus on:
San Jose, Los Gatos,
Saratoga, Campbell,
Almaden Valley,
Cambrian Park.

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).

Added Feb 20th, 2015:  Please also see this new article on my Live in Los Gatos blog with custom data that I crunched from MLSListings:
Los Gatos real estate market trends by price point and high school district

Los Gatos / Monte Sereno area (aka “area 16″ for our MLS)

 

And from February:

 

Trends at a Glance JAN 2015 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -1.8% $1,795,000 $1,827,500 +2.9% $1,745,000
Average Sales Price +0.2% $2,051,070 $2,046,020 +6.5% $1,926,090
No. of Homes Sold -36.4% 14 22 -17.6% 17
Pending Properties +40.0% 21 15 -22.2% 27
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings +41.9% 44 31 -24.1% 58
Active Foreclosures N/A 0 0 -100.0% 1
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price +5.7% 101.5% 96.0% +0.2% 101.3%
Average Days on Market -21.9% 52 67 -35.1% 81
 
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 and month over month.  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.
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.   The numbers for the closings in February make the market look terrible.  That’s not really the case.

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 FEB 2015 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price -31.8% $2,980,000 $4,369,500 -19.5% $3,700,000
Average Sales Price -38.9% $2,485,000 $4,066,000 -32.8% $3,700,000
No. of Homes Sold -25.0% 3 4 +50.0% 2
Pending Properties 0.0% 2 2 0.0% 2
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings +37.5% 11 8 +22.2% 9
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price +7.7% 102.8% 95.4% +4.8% 98.0%
Average Days on Market +20.3% 37 31 +640.3% 5
Trends at a Glance JAN 2015 PREVIOUS MONTH YEAR-OVER YEAR
Median Home Price +36.5% $4,369,500 $3,200,000 -36.0% $6,830,000
Average Sales Price +43.7% $4,066,000 $2,829,330 -40.5% $6,830,000
No. of Homes Sold +33.3% 4 3 +300.0% 1
Pending Properties -33.3% 2 3 +100.0% 1
Foreclosures Sold N/A 0 0 N/A 0
Short Sales Sold N/A 0 0 N/A 0
Active Listings -11.1% 8 9 -11.1% 9
Active Foreclosures N/A 0 0 N/A 0
Active Short Sales N/A 0 0 N/A 0
Sales Price vs. List Price -1.7% 95.4% 97.1% +11.1% 85.9%
Average Days on Market +142.6% 31 13 -80.0% 154

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 March 27, 2015
Median List Price:$1,842,038Average List Price:$2,807,253
Total Inventory:25Price per Square Foot:$703
Average Home Size:2,864Median Lot Size:13,004
Average # Beds:4.18Average # Baths:3.45
Homes Absorbed:4Newly Listed:5
Days on Market:87Average Age:39

 

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 27, 2015
Median List Price:$1,717,244Average List Price:$2,701,634
Total Inventory:78Price per Square Foot:$618
Average Home Size:2,770Median Lot Size:44,599
Average # Beds:3.96Average # Baths:3.21
Homes Absorbed:10Newly Listed:11
Days on Market:107Average Age:45

 

95033 (Los Gatos Mountains) real estate info:

 

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of March 27, 2015
Median List Price:$1,068,248Average List Price:$1,478,007
Total Inventory:33Price per Square Foot:$455
Average Home Size:2,353Median Lot Size:109,895
Average # Beds:3.46Average # Baths:2.82
Homes Absorbed:3Newly Listed:3
Days on Market:120Average Age:44
   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 March 27, 2015
Median List Price:$3,253,673Average List Price:$3,718,234
Total Inventory:13Price per Square Foot:$799
Average Home Size:4,446Median Lot Size:44,743
Average # Beds:4.74Average # Baths:4.25
Homes Absorbed:1Newly Listed:1
Days on Market:178Average Age:36

 

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 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 2,311 sq ft
    Lot size: 15,986 sqft
  2. 4 beds, 3 full baths
    Home size: 2,752 sq ft
    Lot size: 20,908 sqft
  3. 4 beds, 2 full, 1 part baths
    Home size: 2,207 sq ft
    Lot size: 6,185 sqft
  4. 4 beds, 2 full, 1 part baths
    Home size: 4,228 sq ft
    Lot size: 1.16 ac
  5. 3 beds, 2 full, 1 part baths
    Home size: 1,800 sq ft
    Lot size: 5,967 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 3/30/2015)

  1. 4 beds, 4 full, 1 part baths
    Home size: 6,634 sq ft
    Lot size: 40,075 sqft
  2. 4 beds, 5 full, 1 part baths
    Home size: 5,951 sq ft
    Lot size: 1.20 ac
  3. 6 beds, 5 full, 1 part baths
    Home size: 5,079 sq ft
    Lot size: 1.82 ac
  4. 5 beds, 4 full, 1 part baths
    Home size: 4,435 sq ft
    Lot size: 8,058 sqft
  5. 5 beds, 4 full, 2 part baths
    Home size: 4,104 sq ft
    Lot size: 17,903 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 3/30/2015)

  1. 3 beds, 2 full baths
    Home size: 1,617 sq ft
    Lot size: 5.49 ac
  2. 4 beds, 2 full baths
    Home size: 1,600 sq ft
    Lot size: 12,632 sqft
  3. 3 beds, 2 full baths
    Home size: 2,002 sq ft
    Lot size: 4,791 sqft
  4. 3 beds, 2 full, 1 part baths
    Home size: 2,702 sq ft
    Lot size: 1.05 ac
  5. 2 beds, 1 full, 1 part baths
    Home size: 1,200 sq ft
    Lot size: 11,151 sqft

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

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