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Noddin neighborhood in Cambrian

The Noddin neighborhood in Cambrian is on the edge of Los Gatos and Almaden along Blossom Hill Road and Camden Avenues. The Santa Cruz Mountains are visible from many parts of this community if you are facing south and most of the streets are tree-lined, while homes are generally tidy. It’s attractive generally, and a few homes are up on a bit of a knoll and enjoy valley views, too.  The local schools are all highly regarded, the commute access to major freeways is convenient – but not too close. For all of these reasons, this corner of San Jose is highly regarded.

Ranch style house in the Noddin area near the base of the foothills

 

Where is the Noddin neighborhood?

This part of Cambrian wraps around Los Gatos on two sides (Surmont, Belgatos, and Belwood of Los Gatos subdivisions) and faces the Oak Canyon neighborhood across Camden on the other. The northern boundary line follows the high voltage power line easement.

What’s a little bit funny is that this part of Cambrian in San Jose is referred to as Noddin, the local elementary school on Harwood Road, but some of the area is within the attendance zone for Alta Vista, some for Noddin, and some for Guadalupe Elementary.

The boundaries for this pocket of San Jose vary a little, but for the purposes of this article, I’m using the approximate area used by Nextdoor.

In the Noddin neighborhood map below, the green line is the boundary between Los Gatos and San Jose (Cambrian). The dark red line is the school attendance area per the MLS map (it is a little bit off).

 

Map of the Noddin area in Cambrian (San Jose) 95124

What are homes like in the Noddin neighborhood?

Within this almost “L” shaped area there are

  1. approximately 93 condominiums (mostly at the Montañas de Los Gatos, which have townhouse style homes held in condo ownership)
  2. 48 duplexes (so 96 units)
  3. 12 multi family units (as in apartments, or possibly triplex and fourplex properties)
  4. and approximately 960 single family homes (or houses – the exact number varies if you count a tiny handful of houses along Hicks Road that are in Los Gatos or not).
  5. There were also 5 vacant lots that appear to be zoned residential, or which had houses that have been razed – not much if your goal is to build new!

There’s a little variety, but the area is overwhelmingly houses. (more…)

Free concerts in Los Gatos this summer: Vasona Vibrations, Music in the Park, Jazz on the Plazz

Looking forward to those fabulous free summer concerts? So am I! This year we’ve combined the schedules of four different festivals, Los Gatos Music in the Park, The Promenade, Jazz on the Plazz, and Fiesta de Artes, in a post on my Live in Los Gatos blog. Remember to check the festival web sites for rules, schedule changes, and directions.

Follow this link to get to the schedule on the Live in Los Gatos Blog!

Free Summer Concerts in Los Gatos

Los Gatos Free Music Summer Concert Collage 2022 small

Love Los Gatos? Check the Los Gatos Real Estate Market Trends and Statistics on this blog, updated monthly, to stay up to date with the latest data.

 

 

 

Santa Teresa real estate market

Silver Leaf Park in the Santa Teresa area of San Jose - the proximity of parks will impact the Santa Teresa real estate market for that neighborhood

Silver Leaf Park in the Santa Teresa area of San Jose

How’s the Santa Teresa real estate market? The scenic Santa Teresa area of San Jose is popular as it’s a bit more affordable but offers lovely views of the hills and public schools that seem to be improving over time, making the area more desirable. These positives seem to be helping that area to hold its value well. Here are a few details from the latest monthly market update for Santa Teresa single family homes (read the full analysis below):

  • The median and average sales prices are lower than the previous month but up 21.7% and 20.4% since April 2021 respectively.
  • Available inventory jumped from 2 in February to 10 in March and 15 in April – serious growth, but still not enough to match demand!
  • Days on the market held at 7 days for the second month in a row
  • The average sale to list price ratio slipped a hair to 118.1% – the list price often is a bit of a price mirage right now

Santa Teresa (our MLS Area 2)  includes a small bit of the 95123 zip code, which is more expensive, but most of that zip code is Blossom Valley, so we will omit it. The 95138 zip code is about half Santa Teresa and half Evergreen (more expensive area), so take those numbers with a big grain of salt. I find the 95119 zip code to be most helpful, but even then, the school district is divided between Oak Grove and Morgan Hill.

Weekly update from Altos Research with a “market profile” of San Jose’s Santa Teresa area, zip code 95119 for single family homes / houses:

When there’s not enough data, the fields will be blank.

Santa Teresa of San Jose 95119 Real-Time Market Profile

With this week’s update the chart is holding strong in a seller’s market. But with just 4 active listings that’s not much to analyze! Small pools of data can make trend tracking less accurate. Sales are happening at breakneck speeds with an average of just 4 days on market! Altos shows a prolonged strong seller’s market in Santa Teresa 95119!

Weekly update from Altos Research with look at a glance of zip code 95138 for single family homes or houses:

(more…)

The Monte Sereno Real Estate Market

The Monte Sereno real estate market is similar to Los Gatos, but distinct - Monte Sereno shares many features with Los Gatos but is a distinct cityHow is the Monte Sereno real estate market? Because the city is small, with just about 4,000 residents, there usually are few homes listed for sale or selling, and with small numbers we can get seeming volatility. This article is updated monthly with new data and analysis, so scroll down to read the latest and check back regularly. Here are a few details from the latest market update:

  • Monte Sereno is currently in a strong seller’s market with hardly any inventory – just 7 homes for sale at the end of April.
  • April sales to list price ratio remains high at an average of 116.6% of asking.
  • Prices are looking up about 20% – 30% from last year, but that’s based on an extremely limited pool of sales.

There are ALMOST no condominiums or townhomes in Monte Sereno (the MLS shows 6 closed sales in this category around Monte Sereno total – going back to 1998!). 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 (an online pdf):  http://www.montesereno.org/DocumentCenter/Home/View/674

Below is a quick market profile for Monte Sereno. This is updated automatically weekly, so please check back often.

Monte Sereno Altos Real-Time Market Profile

 

Altos Research does weekly reports, to which I subscribe. You can see the full weekly report for Monte Sereno HERE and you can click the subscribe button there if you’d like to get it weekly (or navigate to another zip code or city and subscribe to that). Here’s the data on home descriptions per price quartile in the report, updated automatically throughout the month:

Median List Price for Monte Sereno By Altos

(more…)

Cambrian Park Condo & Townhouse Real Estate Market Update

Cambrian Park Real Estate Market graphicHow’s Cambrian Park condo & townhouse market? Normally we answer this question in brief with regular monthly updates over on the Cambrian Park Real Estate Market Update. However with fantastic neighborhoods like Montanas de Los Gatos, Cambrian condos are not to be missed! So today we’ll take a closer look at the condominium and townhome market in this popular San Jose district!

Before we dive in, let’s see what’s selling now in the Cambrian Park condo & townhouse  segment of the market.

Just now (as of May 12, 2022), I looked into the MLS to see the condo and townhome sales in Cambrian over the last month.

  • there are 13 units listed for sale as “active” (not pending or under contract)
    • 8 are listed as condos (3 are “agent only” status) – average size is 894 SF and average list price is $673,111 4
    • 5 are listed as townhouses (2 are “agent only” status) – average size is 1574 SF and average list price is $1,168,800
  • 1 home is under contract with one or more contingencies
  • 13 homes are pending with no contingencies (average of 9 days on market, 4 condos, 9 townhomes)
  • 13 condos / townhomes have sold and closed escrow in the last 30 days (9 condos, 4 townhomes)
    • They sold with an average of 6 days on market (condos 5 days, townhomes 8)
    • average sale price to list price ratio was 116% (range 98% – 129%, condominiums averaged 113%, townhouses 122%)

 

Now let’s have a look at some of the numbers from my Real Estate Report:

Real Estate Report: Cambrian Park Condo & Townhouse Market – San Jose

It’s a hot spring market for the Cambrian condo market with prices up double digits over a year ago. This chart represents all of MLS Area 14, which is primarily 95124, a good deal of 95118, and a tiny sliver of Campbell 95008.

Trends At a Glance Apr 2022 Previous Month Year-over-Year
Median Price $730,000 (-2.7%) $750,000 $622,000 (+17.4%)
Average Price $883,084 (+2.3%) $863,467 $691,900 (+27.6%)
No. of Sales 13 (-13.3%) 15 14 (-7.1%)
Pending 13 (+18.2%) 11 15 (-13.3%)
Active (+75.0%) 4 14 (-50.0%)
Sale vs. List Price 112.9% (+1.9%) 110.8% 102.7% (+10.0%)
Days on Market (+6.5%) 6 12 (-43.8%)
Days of Inventory 16 (+95.2%) 8 29 (-46.2%)

 

Altos Research Live Charts

The market profiles are live, updating automatically once every week, with active inventory from MLS listings.

Most of Cambrian Park falls under the 95124 zip code.  Here’s a quick look at the main real estate market data points for Cambrian 95124 this week:

(more…)

Los Gatos Real Estate Market Trends and Statistics

Leo or Leona - the mascot of Los GatosThe Los Gatos real estate market trends are leaning heavily in the sellers’ favor. Inventory has been rising and this may be changing, but as of April, prices continue to go up.

  • The median sale price was $3,651,000 (+9.0% from the month before) and up 35% from last year.
  • The average sale price was $3,606,330 (+0.4% from March) and up 20.7% from a year ago.
  • The sale to list price ratio rose further to 118.2% (+1.5% from March). It was 106.5% a year ago.
  • Days on market shrunk to 7, inventory grew, and the days of inventory are now 31. This indicates a little improvement for the buyers can be anticipated, but it is still a very hot seller’s market.

This post will include info from both Altos Research, which uses LIST prices, and the RE Report, which uses listing and closed sale data, for the “in town” areas (95030 and 95032).

Related: Why is inventory so low, and when will it get better?

From ALTOS – a view of LG 95030 (these are updated automatically a few times a month):

Altos Real-Time Market Profile Los Gatos, CA SFH 95030

And 95032:

(more…)

San Jose CA 95129 Real Estate Market Info

The 95129 area of San Jose, which is sometimes referred to as the “Cupertino Border” area and is generally part of “West San  Jose”, is highly desirable due to the excellent school scores in the Cupertino School District (which much of this zip code enjoys – but not all), well maintained homes and great commute location to companies such as Apple (headquartered in Cupertino).

The rest of this zip code has Campbell schools, making it more affordable and also very desireable as a close in commute location.

Today we’ll consider the real estate market activity for houses in this area today and in relation to recent history.

This data  will be automatically updated by Altos Research (to which I have a subscription) weekly. Altos uses list prices, not sales or sold prices, FYI.

San Jose 95129 Market Profile

 

Median List Price San Jose 95129

 

Inventory of Single Family Homes for Sale in San Jose CA 95129

 

 

Houses for sale or under contract in West San Jose 95129

Below are some or all (if just a few) single family homes for sale in San Jose 95129. Some of these will be have Cupertino schools and some will have Campbell schools.

 

  • List View
  • Map View
  • Grid View

See all 95129.
(all data current as of 5/19/2022)

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