A resource for folks living in or moving to Los Gatos, by Mary Pope-Handy

Mary Pope-Handy

Claws for a Cause in Los Gatos

claws for a cause los gatosEach year, in early to mid-Septemeber, the Los Gatos Morning Rotary Club, together with CB Hannegan’s Irish Pub in downtown Los Gatos sponsors a fun end of summer bash: Claws for a Cause. The annual lobster block party features good food, live music, and dancing. It is often a sell-out event! Three thousand Maine lobsters will be delivered the morning of the feast.

Proceeds going to the Los Gatos Morning Rotary Charitable Foundation (supporting music, art and youth scholarships).

This year it’s Saturday, Sept 9, 2017, from 5:30 pm to 10pm.

Last year, tickets sold out! Learn more and buy your tickets here:

http://lglobsterparty.com/home.html

 

And see last years Mercury News article with more details, also:

Los Gatos: Claws for a Cause returns on Sept. 17

Los Gatos Community Concert Association Musical Series

musical notesThe Los Gatos Community Concert Association is about to begin its 69th season, again bringing delightful music to our town from fall through spring. “A first class concert series at affordable prices” is the goal, and by all accounts it is consistently successful at it. The first concert debuts on October 1st and tickets for the series are open to the public for purchase. Tickets are on sale as a season pass covering all four shows and cannot be bought individually for each concert except when there is availability at the door and online shortly before the event.

What’s on the agenda for this season?

 

Sunday, October 1st: Steven Vanhauwaert

Sunday, November 19th: Neave Trio

Sunday, January 21st, 2018: Andy Hackbarth

Sunday, April 29th, 2018: Two on Tap

 

All performances are at Los Gatos High School. Fore more info on musicians, times, ticket pricing, discounts for seniors and students, as well as subscription pricing, please see the LGCCA website.

Los Gatos real estate statistics and market trends

Each month, we update the Los Gatos real estate statistics and market trends with the latest information on closed sales for the prior month. We’ll review the Los Gatos inventory of homes for sale, the number of homes sold and under contract, and of course the median sale price and average sale price of sold properties. There’s one report for single family homes, meaning houses and duet homes (duet meaning attached single family), and another for condominiums and townhomes. This report covers the 95030 and 95032 areas of town, but not the Los Gatos Mountains, which is zip code 95033 and consists of unincorporated areas in Santa Clara County and also Santa Cruz County. To make this comprehensive, I have two subscriptions that are utilized here: REReport and Altos Research. The first one uses sold / closed figures, and the latter one uses current listings (and is updated automatically each week).

This first chart is very interesting, as it reveals that the number of homes sold has dropped while average days on market have also fallen.

Los Gatos real estate statistics and trends from the RE Report

How’s the Los Gatos market? Real estate inventory and sales often slip in December, during the holiday season, and rise in the summer. We saw some of that throughout Silicon Valley, including in the town of Los Gatos. Year over year, the median and average home prices have seen increases. Inventory shows more active and fewer sold and pending. The sales to list price percentage has remained very stable and average days on market remain low. This suggest a stable seller’s market.

The real estate numbers below reflect realty data gathered the first week of the month for the past month in Los Gatos 95030 & 95032. See the full REReport here.

Continue reading

The Monte Sereno real estate market

Elm Park in Monte Sereno, sold by Mary Pope-Handy

Ranch style home on Elm Park in Monte Sereno, sold by Mary Pope-Handy

The City of Monte Sereno is quite small, with just about 4,000 residents, so the number of houses sold in any given month will always be extremely small. For that reason, the data may appear to jump around wildly compared to Los Gatos or Saratoga, which each have about 30,000 people living there. Please take all the stats with a tablespoon of salt, and be sure to view the Los Gatos housing market data to get a more accurate picture of what’s happening with Monte Sereno homes (just add a little to the price tag as homes there tend to sell for a bit more than LG properties).

Something else to be aware of is that most houses are in the Los Gatos Union School District, but a small pocket of properties lies within the Campbell School District. Those with Campbell schools usually sell for a little less. Additionally, most of this city is within the 95030 zip code, but again, there’s a small pocket which is in the 95032 area.

Finally, there are only houses in this cities – condos, townhomes, or any other type of housing – and there are no businesses, either. Being 100% residential and single family homes most likely has a large impact on the home values here, though in many areas of Silicon Valley, being in “walking distance” to a coffee shop or grocery store can be a huge plus.

Disclaimers aside, here’s the most recent info:

Monte Sereno Real Estate Report (click to view the Real Estate Report)
Trends At a Glance Jul 2017 Previous Month Year-over-Year
Median Price $2,950,000 (+8.3%) $2,725,000 $1,435,000 (+105.6%)
Average Price $3,373,000 (+17.6%) $2,867,500 $1,720,000 (+96.1%)
No. of Sales (-25.0%) 8 (+100.0%)
Pending (0.0%) 4 (+33.3%)
Active (-25.0%) 12 14 (-35.7%)
Sale vs. List Price 101.4% (+2.2%) 99.2% 96.3% (+5.3%)
Days on Market 70 (+84.5%) 38 24 (+194.4%)
Days of Inventory 45 (+3.4%) 44 140 (-67.9%)

And the chart from last month for comparison:

Trends At a Glance Jun 2017 Previous Month Year-over-Year
Median Price $2,725,000 (+2.3%) $2,663,000 $2,403,000 (+13.4%)
Average Price $2,867,500 (+7.7%) $2,663,000 $2,403,000 (+19.3%)
No. of Sales (+300.0%) 2 (+300.0%)
Pending (-20.0%) 5 (+100.0%)
Active 12 (-29.4%) 17 13 (-7.7%)
Sale vs. List Price 99.2% (+3.4%) 96.0% 107.0% (-7.2%)
Days on Market 38 (+7.9%) 35 10 (+297.4%)
Days of Inventory 44 (-82.9%) 255 189 (-76.9%)

 

Another great source of realty trends is Altos Research, to which I also have a subscription. Altos uses list prices, though, whereas the RE Report uses sold. What I really love about these reports, though, is that market can be viewed by price quartiles, as sometimes the luxury market in an area may be behaving very differently from the entry level market. The charts below are dynamic and will be updated weekly.

Continue reading

Los Gatos real estate market trends by price point and high school district

There are many factors impacting the Los Gatos real estate market, including the price point and the elementary or high school district. Today we’ll look at the Los Gatos realty market by pricing tiers and high school district using the months of inventory as a data point. The months of inventory, or MOI, is the currently active (for sale, no contract or pending sale) homes for sale divided by the number of homes using the same criteria which have closed escrow in the last 30 days.

These numbers were run today using MLSListings.com and it’s possible that a few more homes will be recorded as closed sales or new homes added to the market after we ran these numbers. One other disclaimer: sometimes the number of closed sales is very low or is at 0. This can be for many reasons. In some cases, there are a few which are sale pending and simply haven’t closed recently. In other cases, the opposite could be true, indicating a possible lack of demand or inventory. That being said, what do the numbers say?

Los Gatos real estate months of inventory in 95030 and 95032 combined

The overall MOI still shows a clear, and fairly stable, sellers market. The best movement is still in the low- to mid-range price points, mainly from $1-$2.5 million. Demand is low, but there’s still movement going all the way up the chart and into the luxury sector.

So what does it all mean? That Los Gatos remains in a sellers market, that demand is proving to be steady, especially throughout the middle and upper ranges with slower movement in the higher-end markets.

Here is the chart from last month for comparison:

 

All of Los Gatos 95030 and 95032, both high school districts overall, it’s a clear seller’s market.

The real estate market for homes with the Los Gatos – Saratoga Joint Union High School District only

Now let’s view just the homes which are in the Los Gatos – Saratoga Joint Union High School District (or homes “in the schools” as locals say). Continue reading

Los Gatos Dammit Run

Click the image to visit the Dammit Run website!

The annual Los Gatos Dammit Run is this Saturday, August 5, 2017. This is the 44th annual run to benefit the Los Gatos High School Track Repair Fund.

Beginning and ending at the track of Los Gatos High School, the 5 mile race takes participants through beautiful flatlands and hills. The treck includes the Los Gatos Creek Trail, the Jones Road Trail and a trip to the Lexington Reservoir dam (hence the name, Dammit Run). At the end, runners return to booths, raffles, refreshments, music and more on the Los Gatos High School campus.

In 2011, over 800 runners participated. To get all of the details, please see the website for the Dammit Run:

http://losgatosdammitrun.com/

 

Fiesta de Artes in Los Gatos

Saturday August 12th and Sunday August 13th mark the return of the Fiesta de Artes Los Gatos, Art & Wine Festival, the only Art & Wine Festival in town all year! This has been a Los Gatos tradition for decades, two in fact, with 2016 as the 20th anniversary of the event sponsored by the Kiwanis Club.

What happens at the Fiesta de Artes?

Think food & drink, art & shopping, dancing & socializing! Once again, there will be more than 150 vendors with a huge variety of artists and vendors displaying and selling their artwork, plus booths with food and wine and of course loads of music throughout both days. The hours are 10am to 7pm Saturday and 10am to 5pm Sunday, but music plays a little longer ending at 9pm on Saturday and starting an hour before Sunday events open.

Where is the Fiesta de Artes held?

In previous years, the festival reserved the Civic Center lawn across the street from Los Gatos High School, but this year, for the first time ever it’s a block party –  North Santa Cruz Ave and the Los Gatos Town Plaza Park will be open to revelers and closed to cars! See the map below or click the map to be directed to the Fiesta De Artes page with directions on how to get there.

For more information, please visit http://www.lgfiesta.org/

Click on the map to go to the Fiesta’s with more directions and a larger map.

Los Gatos Celebrates July 4th, Independence Day, Join in the Fun!

It’s officially summer and Independence Day is fast approaching. What are your plans for the fourth?

Downtown Los Gatos has plenty going on!

First up, a block party:

Between 10:30 am and 4 pm the Saturday before Independence Day, a portion of Downtown Los Gatos will be closed to traffic for a patriotic block party! There will be live music on multiple stages, games, crafts, red, white, and blue decorations, face painting, a bounce house, and a dunk tank. Pedal in to avoid traffic and make use of the bike valet service! Enjoy shopping and dining at all your usual haunts downtown for a break from the sun. Catch the fun at North Santa Cruz Avenue from Main Street to Bachman Avenue.

Check out the block party events page on the Town website, share the flier with a friend, and plan the day with the schedule of events through the links.

Next up, the annual 4th of July Symphony and celebration!

The San Jose Wind Symphony will come together once again at Oak Meadow Park under the bandstand. There will be great American music, barbecue, beer, snacks, games, a few words shared, train rides on the Billy Jones Wildcat Railroad, carousel rides, and good fun for the family. So take some friends, wine, and a picnic, or a pooch and a Frisbee and enjoy your day at the park! Bring something to sit on, protect yourself from the sun, and prepare yourself to have some fun! Remember, parking in Oak Meadow is free to Town residents, but spots are limited so carpool if you can. Flag raising is at 4pm, and the concert starts at 4:15pm.

For more information, please see the info page on the town’s website for the July 4th happenings and the event flier.

Have a safe and happy Fourth, everyone!

Plein Art Show in Los Gatos

The Plein Art Show in Los Gatos returns Saturday June 17 from 11 a.m. – 5 p.m. at the Los Gatos Town Plaza (free admission), with a special VIP event the evening before.  It’s both an art exhibit and art sale that benefits local charities, mostly youth. Events really begin on Tuesday the 13th with the arrival of artists in town. There will be painting happening in the days leading up to the show which will be displayed and sold over the weekend.

What is Plein Air?  Plein Air is a French phrase which refers to the way of painting in the open air, which was especially popular in the 19th century with many impressionists.  There will be dozens of artists coming to town and over 100 pieces of art on display (and to purchase). Also found here will be wine tasting, music, and mini art sessions for kids.

Artists Paint on Location June 14th through June 16th

VIP Artists Reception and Silent Auction $135

Friday, June 16th, 6:30 p.m. – 10:00 p.m.
Dio Deka, Hotel Los Gatos
Details are posted on the Events page

The artists will be present (and so will food and wine).  It promises to be a fun time!

Thanks to the Los Gatos morning Rotary for sponsoring this great event yet again. Learn more on the Los Gatos Plein Air website:
http://www.lgpleinair.org/

Critically Low Inventory of Homes for Sale in Los Gatos

As of yesterday, May 1st 2017, the MLS shows just 67 houses for sale in Los Gatos, 95030 and 95032.  (Today it’s lower still at a mere 54 houses.) The chart below is based on the number of active listings in Los Gatos 95030 & 95032 (MLS Area 16) on the first of each month going back to January 2007.  Take a look at the history of homes for sale (not pending or in contract) month over month – I’ve circled all of the rows for May in each year to see the contrast.

 Los Gatos 95030 and 95032 active listings single family homes

What can someone buy in town right now?  Of the 54 houses, 30 are priced at $3 million or less, with many homes available to purchase around  $1.5 to $3 million.  The least expensive home available right now is an 1100 SF house in original condition for $1.3 million.

For people thinking of selling, this is an excellent opportunity, generally, since few homes available creates the scarcity that lends itself toward homes selling faster and for more (if there are multiple offers especially).  Homes under $3 million are selling briskly.

See more information about the Los Gatos real estate market via my online Real Estate Report. Also available, download the 4 page printable report here:
http://rereport.com/scc/print/Mary.PopeHandySCC.pdf

90-day stats for Single Family properties in
LOS GATOS, CA 95030 as of August 11, 2017
Median List Price:$3,271,231Average List Price:$4,115,233
Total Inventory:27Price per Square Foot:$993
Average Home Size:3,427Median Lot Size:44,465
Average # Beds:4.07Average # Baths:3.60
Homes Absorbed:3Newly Listed:3
Days on Market:122Average Age:48

90-day stats for Single Family properties in
LOS GATOS, CA 95032 as of August 11, 2017
Median List Price:$2,751,448Average List Price:$3,162,080
Total Inventory:35Price per Square Foot:$806
Average Home Size:3,313Median Lot Size:13,423
Average # Beds:4.33Average # Baths:3.88
Homes Absorbed:7Newly Listed:6
Days on Market:84Average Age:33

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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, with
special focus on
Los Gatos

and nearby areas,
including
Monte Sereno,
Saratoga,
Campbell,
and the San Jose areas of
Cambrian and Almaden Valley

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