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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)

 

 
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 January and 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

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 April 10, 2015
Median List Price:$1,894,000Average List Price:$2,891,315
Total Inventory:27Price per Square Foot:$721
Average Home Size:2,919Median Lot Size:13,316
Average # Beds:4.20Average # Baths:3.52
Homes Absorbed:4Newly Listed:5
Days on Market:80Average 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 April 10, 2015
Median List Price:$1,766,475Average List Price:$2,709,189
Total Inventory:83Price per Square Foot:$622
Average Home Size:2,843Median Lot Size:45,055
Average # Beds:3.98Average # Baths:3.24
Homes Absorbed:10Newly Listed:12
Days on Market:103Average Age:44

 

95033 (Los Gatos Mountains) real estate info:

 

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of April 10, 2015
Median List Price:$1,124,690Average List Price:$1,478,298
Total Inventory:35Price per Square Foot:$460
Average Home Size:2,406Median Lot Size:112,832
Average # Beds:3.48Average # Baths:2.85
Homes Absorbed:3Newly Listed:4
Days on Market:119Average Age:43
   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 April 10, 2015
Median List Price:$3,249,679Average List Price:$3,708,773
Total Inventory:13Price per Square Foot:$810
Average Home Size:4,397Median Lot Size:43,980
Average # Beds:4.76Average # Baths:4.23
Homes Absorbed:1Newly Listed:2
Days on Market:165Average 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 4/19/2015)

  1. 6 beds, 5 full baths
    Home size: 5,168 sq ft
    Lot size: 1.26 ac
  2. 5 beds, 3 full, 1 part baths
    Home size: 4,188 sq ft
    Lot size: 8,276 sqft
  3. 5 beds, 3 full, 1 part baths
    Home size: 3,154 sq ft
    Lot size: 21,997 sqft
  4. 3 beds, 3 full baths
    Home size: 2,342 sq ft
    Lot size: 2,178 sqft
  5. 4 beds, 3 full baths
    Home size: 3,076 sq ft
    Lot size: 1.22 ac

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 4/19/2015)

  1. 5 beds, 5 full, 1 part baths
    Home size: 6,000 sq ft
    Lot size: 1.25 ac
  2. 4 beds, 2 full, 1 part baths
    Home size: 2,386 sq ft
    Lot size: 12,196 sqft
  3. 2 beds, 2 full, 1 part baths
    Home size: 1,348 sq ft
    Lot size: 3,005 sqft
  4. 4 beds, 3 full baths
    Home size: 2,424 sq ft
    Lot size: 13,764 sqft
  5. 5 beds, 4 full, 1 part baths
    Home size: 4,515 sq ft
    Lot size: 21,780 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 4/19/2015)

  1. 4 beds, 3 full baths
    Home size: 3,582 sq ft
    Lot size: 2.50 ac
  2. 1 bed, 1 full bath
    Home size: 999 sq ft
    Lot size: 5,880 sqft
  3. 5 beds, 5 full, 1 part baths
    Home size: 5,957 sq ft
    Lot size: 2.55 ac
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,956 sq ft
    Lot size: 1.10 ac
  5. 4 beds, 2 full, 1 part baths
    Home size: 2,768 sq ft
    Lot size: 3.32 ac

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

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