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 fairly stable period. While there was some seasonal cooling in the fall and winter there has still remained a greater demand.  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 that shows the live Altos charts.

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


  • Median home prices increased by 6.1% year-over-year to $1,955,000 from $1,842,500.
  • The average home sales price rose by 13.3% year-over-year to $2,356,230 from $2,078,890.
  • Home sales fell by 18.8% year-over-year to 26 from 32.
  • Active listings fell 18.7% year-over-year to 74 from 91.
  • Sales price vs. list price ratio rose by 1.0% year-over-year to 105.5% from 104.5%.
  • The average days on market rose by 86.0% year-over-year to 40 from 22.

Compared To Last Month

  • Median home prices slipped by 16.8% to $1,955,000 from $2,350,000.
  • The average home sales price rose by 0.2% to $2,356,230 from $2,350,830.
  • Home sales up by 73.3% to 26 from 15.
  • Active listings increased 34.5% to 74 from 55.
  • Sales price vs. list price ratio increased by 6.0% to 105.5% from 99.5%.
  • The average days on market dropped by 25.2% to 40 from 54.

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. Continue reading

Sunnyvale real estate market trends & statistics

Sunnyvale has been an extremely hot seller’s market for many months.   In general, houses in Sunnyvale are selling for about a million four hundred thousand dollars – if they aren’t too small or in terrible shape (or conversely palatial or newly built or remodeled).  Let’s begin with single family homes. The median list price for homes in Sunnyvale CA – all zip codes combined – interestingly, the high end homes are doing the best! (Live charts from Altos Research, which uses LIST prices, not sale prices.)

Altos Research, median list prices by quartile

Real Estate Market Chart by Altos Research

What about the numbers for the closed sales?  Now let’s have a look at the Sunnyvale CA RE Report for last month’s trends and statistics (click on link to get the full report):

What about the condo and townhome market?

Continue reading

Morgan Hill real estate market

How’s the real estate market in Morgan Hill?  This article will include data, trends and statistics for both houses and condominiums / townhouses.

For the single family home segment in this “south county” town, prices are rising year over year and heating up with the season since last month. The sale price to list price ratio has been hovering between 98% and 100% for months, and is up to 101% currently.  The cities of Morgan Hill and Gilroy are usually a bit less in demand than parts of Santa Clara County which are either tech magnets or closer to these big businesses. So while most of the Silicon Valley has a sale price to list price ratio of anywhere from 100% to 110%, it’s generally lower here, making the home buying conditions calmer for weary buyers, though still a sellers market.  Below is a chart with basic info, but to see more information, you may click on this link to see the Real Estate Report for Morgan Hill.

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Mountain View CA real estate market trends and statistics

How’s the Mountain View real estate market? This is one of the very hottest areas within Silicon Valley and is home to a myriad of high tech companies and in a stone’s throw of others. With a charming and walkable downtown, easy access to CalTrain and a vibrant atmosphere conducive to both work and play, it is no wonder that people relocating to the San Francisco Bay Area or Silicon Valley place Mountain View squarely in their target.

All that popularity comes at a cost, though. Prices have been sky high here for years, both for rentals and for home purchasing. The good news, though, for those with property or those who take the plunge and buy: it doesn’t look like Mountain View is going to lose its appeal anytime soon.

In this article, which is updated periodically, we will include live Altos Charts which automatically update weekly (so bookmark this page!) as well as monthly insights from the Real Estate Report for Mountain View.  And time to time it will be enhanced with “in the trenches” commentary, too.

Overview of the city of Mountain View’s residential real estate market for houses:

 Here are the statistics for sales in the last few months. You can see that the average days on market have stayed below to two weeks
and inventory is steady but low. Prices are up year-over-year and month-over-month. Homes are still selling for well over list price, averaging just under 114%, making this a very difficult market for buyers.  See the whole Mountain View Real Estate Report online here.

Mountain View Stats At A Glance:


  • Median home prices increased by 18.8% year-over-year to $1,811,000 from $1,525,000.
  • The average home sales price rose by 13.1% year-over-year to $1,879,610 from $1,662,520.
  • Home sales fell by 23.8% year-over-year to 16 from 21.
  • Active listings fell 0.0% year-over-year to 34 from 34.
  • Sales price vs. list price ratio fell by 0.4% year-over-year to 113.8% from 114.2%.
  • The average days on market fell by 17.5% year-over-year to 13 from 15.

Compared To Last Month

  • Median home prices improved by 3.8% to $1,811,000 from $1,745,000.
  • The average home sales price fell by 10.7% to $1,879,610 from $2,105,360.
  • Home sales up by 45.5% to 16 from 11.
  • Active listings increased 25.9% to 34 from 27.
  • Sales price vs. list price ratio increased by 2.8% to 113.8% from 110.7%.
  • The average days on market increased by 26.9% to 13 from 10.

Mountain View real estate market trends and data by neighborhood

My Real Estate Report drills down the data by neighborhood in Mountain View (and also Palo Alto and San Jose – the latter being very understandable as it’s amost 1 million people, rather than Mountain View’s 75,000 people).  Want to check out these areas?  Then visit, select Santa Clara County, then under city choose Mountain View, and under ZIPS select the area you want.  Here are your options there:

Please continue reading to see the data for condominiums and townhouses, plus also the live Altos Research charts for both single family homes and also condos and townhomes.

Continue reading

Saratoga, CA, Real Estate Market Update

How’s the Saratoga California real estate market?

Orchard and Hills in Saratoga, California

Orchard and Hills in Saratoga, California

This is a fairly comprehensive article on the Saratoga real estate market that will include the live statistics from Altos Research for listed properties (not closed) in Saratoga CA 95070, the closed sale data from the RE Report for last month in Saratoga 95070, and the numbers I crunched for Saratoga – overall and by price point and high school district, since Saratoga has 3 different high school districts, each with an impact on home values.

First, let’s consider the months of inventory by price point and high school district that I crunched using, our local multiple listing service provider.

The months of inventory is a reference to how fast homes would be absorbed into the market if sales continued at the same pace and no new inventory came onto the market.  It’s often referred to as “the absorption rate” – and that can be months of inventory, weeks of inventory, or days of inventory.  A “balanced” market is somewhere around 4-5 months for us, though the National Association of Realtors says that 6 months is balanced nationwide.  Anything under 3 is a good seller’s market, and under 1 is like saying that homes are “flying off the market”.

(For comparison, please also see a similar article on the Live in Los Gatos blog for the town of Los Gatos – real estate market by price point and high school district.)

Here’s the chart for Saratoga – all price points, all school districts.

And for comparison, here’s the chart from last month:

This year, the realty market is having it’s own climate change – a drop in inventory has left the market hot all winter! Normally, seasonal cooling goes both ways – less buyers and less sellers – but with a lingering demand adding up, this year the market just wont cool down. Now that we’re back in spring with summer just around the corner, the market should be getting even more active! Just about 2.5 months of inventory looks like a moderate sellers market, but comparing across school districts you can see how different things might really be.


Continue reading

The Monte Sereno Real Estate Market

Monte Sereno Stained GlassHow is the Monte Sereno real estate market? Because the city is small, with just about 4000 residents, there usually are few homes listed for sale or selling, and with small numbers we can get seeming volatility. Last month, for instance, there were only two homes sold and two pending.

There are no condominiums or townhomes in Monte Sereno at present.  One of the major challenges for this city is to ensure that at least some housing units are deemed “affordable.”  You can find the city’s housing plan here (a pdf online):

Recently closed home sales in Monte Sereno

Here are the quick statistics for the closed sales in the last complete month to give a sense of how things are going. Sales data comes from my Monte Sereno Real Estate Report. Given that the supply of homes to study is tiny, what can we tell from this data?

It’s true that an average Monte Sereno house is about $2.5 million, and often higher in the current market – a little steep for most folks! Prices appear to have dropped considerably compared to a year ago, but with a small inventory large fluctuations are common and not very revealing. Homes have been selling very close to list price for months, and this month at almost 115% of list – but again, the small inventory means the data may be less accurate. The Average Days on Market shows that inventory is still flying off the shelves in just under two weeks. This is still a hot market!

And a look at the data from last month:

Because so few  houses sell per month, it’s volatile and pricing appears to jump around when that’s not actually the case.  I suggest that readers also check the real estate market for Los Gatos to see a larger amount of data.  The Monte Sereno home prices tend to be a little higher but generally follow the Los Gatos trends, so it’s worth while to view this info also to get a more balanced sense of how things are for real estate in MS. Also, for those considering buying or selling, it’s important to look at the actual listings for each and every sale with similar features, size, amenities to get a sense of your home’s particular subset of the market.

Continue reading to view live Altos Research charts for Monte Sereno, including by pricing quartile. Continue reading

The Cambrian Park Real Estate Market Update

Bel Estos Drive near Carlton and Rosswood in San Jose's Cambrian areaMy Cambrian area of San Jose Real Estate Report was recently published with the updated numbers from the closed sales last month for this part of San Jose (95124 and 95118 with a little of 95008 too).  Please click on the link above to see much more information there.

In this district of San Jose, we are experiencing dreadfully low inventory of homes for sale.  Buyers aren’t backing off as much as usual for this time of year – I believe because there is just a whole lot of pent up demand from nearly two years of a deep seller’s market. Year over year stats tells us sales are up.  What does that mean?  Sellers, if you have a problem home, or one not updated or well maintained, this is the time to sell it – buyers have little to choose from so are purchasing properties that need more work than they would bother with in a more balanced market.

Be sure to read to the end to see the live Altos charts too – they are near the end of the article so please keep reading into the next page!

Cambrian area sales at a glance:


  • Median home prices increased by 4.8% year-over-year to $975,000 from $930,000.
  • The average home sales price rose by 5.8% year-over-year to $1,022,910 from $966,594.
  • Home sales rose by 23.3% year-over-year to 53 from 43.
  • Active listings rose 17.5% year-over-year to 94 from 80.
  • Sales price vs. list price ratio fell by 4.7% year-over-year to 105.7% from 111.0%.
  • The average days on market rose by 35.0% year-over-year to 17 from 13.

Compared To Last Month

  • Median home prices slipped by 3.2% to $975,000 from $1,007,500.
  • The average home sales price fell by 4.7% to $1,022,910 from $1,073,590.
  • Home sales up by 140.9% to 53 from 22.
  • Active listings increased 34.3% to 94 from 70.
  • Sales price vs. list price ratio dropped by 0.8% to 105.7% from 106.6%.
  • The average days on market increased by 45.0% to 17 from 12.

Generally speaking it is still a hot seller’s market and great time to sell a Cambrian home.  We were expecting a breather, but aren’t getting it – particularly in the areas with Union and Cambrian Schools.

 Please see the whole Cambrian Real Estate Report for charts, stats and more.

The condo and townhouse real estate market for San Jose 95124 & 95118

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Mary Pope-Handy
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at)
License# 01153805

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