How's the market?Sales are up even while inventory is critically low (off about 80% from a year ago, and Dec 2011 was off about 40% from the year before), pushing prices higher as demand outstrips supply once again. Homes that do sell are averaging at 102.6% of list price for houses to 104% of list price for condos.

Usually our winter season is a little quiet, but not this year – the market which usually emerges in February or March seems to be here already.

As of today, January 16, 2013, the months of inventory for Santa Clara County is less than one month for both houses and for condominiums and townhomes. I just ran the numbers in our MLS, MLSListings.com and here’s what we’ve got:

Houses for sale (not under contract) = 649
Homes sold & closed in the last 30 days = 753
Months of inventory = .86

Condos & townhouses for sale / available = 168
Condominiums & townhomes closed & sold in last 30 days = 277
Months of inventory = .60

The median and average sales prices are up by about 27-28% for houses year over year. For condos and townhomes, it’s about 30-32% year over year.

Loads more statistical information for San Jose, Los Gatos, Saratoga and all of Santa Clara County:

It is a very hot seller’s market in the San Jose area. Pull up the statistics for all of the county at http://www.popehandy.rereport.com. Read more articles and find statistics at a glance via the PDF version:
http://rereport.com/scc/print/Mary.PopeHandySCC.pdf

  1. 2 beds, 2 baths
    Home size: 1,008 sq ft
    Lot size: 2,866 sqft
  2. 3 beds, 2 baths
    Home size: 2,095 sq ft
    Lot size: 8,137 sqft
  3. 6 beds, 5 baths
    Home size: 4,271 sq ft
    Lot size: 35,549 sqft
  4. 3 beds, 3 baths
    Home size: 1,891 sq ft
    Lot size: 1,799 sqft
  5. 4 beds, 6 baths
    Home size: 3,909 sq ft
    Lot size: 13,547 sqft
  6. 3 beds, 2 baths
    Home size: 1,440 sq ft
    Lot size: 6,904 sqft
  7. 5 beds, 3 baths
    Home size: 3,218 sq ft
    Lot size: 10,650 sqft
  8. 4 beds, 3 baths
    Home size: 2,830 sq ft
    Lot size: 1.10 ac
  9. 4 beds, 3 baths
    Home size: 2,539 sq ft
    Lot size: 8,032 sqft
  10. 3 beds, 3 baths
    Home size: 1,856 sq ft
    Lot size: 710 sqft

See all Real estate in the Los Gatos/Monte Sereno community.
(all data current as of 2/21/2018)

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

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


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.
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Valley Of Hearts Delight
Santa Clara County Real Estate,
with an interest in history

Move2SiliconValley.com
Silicon Valley relocation info

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Silicon Valley real estate,
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Silicon Valley Real Estate Report
Silicon Valley real estate
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Top 25 real estate blogs 2016
2016: Personal Income's list of top 25 real estate blogs.


Best Realtor blog award
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The 2009 Sellsius list of top 12 women real estate bloggers
2009: Sellsius list of top
12 women real estate bloggers


Mary Pope-Handy's Live in Los Gatos blog won the 2007 Project Blogger contest, sponsored by Inman News and Active Rain

2007: Mary Pope-Handy and Frances Flynn Thorsen win the Project Blogger Contest for Mary's Live in Los Gatos blog. The contest was sponsored by
Active Rain and Inman News.


Non blog award


Best real estate agent in Silicon Valley from the San Jose Mercury News poll of readers in 2011
"Best real estate agent
in Silicon Valley"

2011 readers' poll,
San Jose Mercury News

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