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

Los Gatos Mountains

If you love Los Gatos, but it’s not in your budget

Once you have visited Los Gatos – the charming architecture, the backdrop of the hills, the vibrant downtown, the great schools, and all the trees and parks – you may want to call it home. I sure did. But the town is expensive and for some it may be out of range. What if you love Los Gatos, but it’s not affordable? There are nearby areas that may work, so I’ll mention them here. They are all discussed in depth at my Valley of Heart’s Delight blog and mentioned in my Move2SiliconValley or popehandy blogs too – the links will be to any of my own sites.  For people relocating to Silicon Valley especially, where “sticker shock” is a normal part of the welcome package, these other areas which are a little less pricey might be helpful.

Less Expensive Alternatives to Los Gatos

Almaden Valley, San Jose 95120

A little further southeast than Los Gatos, the Almaden Valley is a very scenic suburb with the Santa Cruz Mountains on one side and the Santa Teresa Foothills on the other.  There’s no “downtown”, however you’ll find a large shopping center with a remodeled Safeway, banks, Starbucks, etc., along Almaden Expressway.  This area features the New Almaden neighborhood, which is where the area began with mercury mining operations long ago.    Almaden real estate market post

Cambrian, San Jose 95124

On the north and northeast side of Los Gatos sits the Cambrian area of San Jose (which has 2 zip codes, but the part adjacent to LG is 95124).  The Union School District serves both part of Cambrian and part of east Los Gatos.  There’s a noticeable price drop going into Cambrian, but the hills and the town of LG are still close.   Very good schools and a good “bang for your buck” in terms of what you get in education for the price of the home.   Cambrian real estate market statistics

Willow Glen, San Jose 95125

Willow Glen is closer to downtown San Jose than to Los Gatos, but it has much of the charm that LG is known for, includes a lovely downtown area with its own identity, and boasts some of the most scenic streets in all of Silicon Valley.  The public schools are generally not a drawing factor. Willow Glen real estate market article

Campbell 95008

Campbell is probably the most happening city in Santa Clara County right now in terms of home buyer popularity.  Campbell provides a lovely downtown, light rail access to downtown San Jose and beyond, a great parks system (especially along the Los Gatos Creek Trail), unusually good shopping, and in some areas really excellent schools.  This is a “closer in” location than Los Gatos or Almaden, so it’s an easier commute for that lower price, too.   Campbell housing market trends and stats

Los Gatos Mountains 95033

The 95033 zip code covers a lot of land in Santa Clara County and Santa Cruz County too.  Part of it is just beyond the Los Gatos town border, but the majority of it is quite a bit further.  School scores are high, air is clean, trees are everywhere and valley views (or in the next county over, Monterey Bay views) are not uncommon.  The prices are much better than in town, but the tradeoff is that you have to deal with Highway 17 every day, plus some issues that are particular to the mountains, beach traffic, etc. Please also see this article on the Los Gatos Mountains or Santa Cruz Mountains     And on the market – Altos Live RE Market Charts for the LG or Santa Cruz Mountains area

Los Gatos Mountains 95033 Real Estate Market

Looking for great schools, more space, and a less suburban environment?  Just beyond the borders of the Town of Los Gatos lies a collection of rural communities situated in the scenic Santa Cruz Mountains, or Coastal Range and together there are known as “The Los Gatos Mountains”.  This large region sits above Almaden Valley, Los Gatos, Monte Sereno, Saratoga, and a bit north of there in Santa Clara County, and just over the summit and toward Scotts Valley, Soquel, and Aptos in Santa Cruz County.   As the description implies, it is a sprawling area and within it there are different school districts, views, levels of sunshine, natural hazards such as earthquake faults, and amenities which can all impact housing prices and real estate market trends and the market may be very different from one segment or price point to another.

All of these areas fall under the 95033 zip code and have a Los Gatos mailing address, so they are viewed together.   Don’t be confused into thinking that areas in the Los Gatos Mountains are the same as the Town of Los Gatos, though – they are quite different.

 

 

Los Gatos Mountains Stats At A Glance – Data from the Real Estate Report, which covers the Santa Clara County side of the mountain communities:

Year-Over-Year

  • Median home prices increased by 6.4% year-over-year to $1,301,250 from $1,222,500.
  • The average home sales price rose by 3.4% year-over-year to $1,374,060 from $1,329,000.
  • Home sales rose by 33.3% year-over-year to 8 from 6.
  • Active listings fell 17.9% year-over-year to 32 from 39.
  • Sales price vs. list price ratio rose by 5.9% year-over-year to 103.2% from 97.4%.
  • The average days on market rose by 21.0% year-over-year to 21 from 18.

Compared To Last Month

  • Median home prices improved by 107.2% to $1,301,250 from $628,000.
  • The average home sales price rose by 62.2% to $1,374,060 from $847,333.
  • Home sales up by 166.7% to 8 from 3.
  • Active listings increased 18.5% to 32 from 27.
  • Sales price vs. list price ratio increased by 2.0% to 103.2% from 101.1%.
  • The average days on market dropped by 78.3% to 21 from 99.

 

95033 (Los Gatos Mountains) real estate market info:

 

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of September 15, 2017
Median List Price:$1,272,346Average List Price:$1,566,144
Total Inventory:38Price per Square Foot:$485
Average Home Size:2,526Median Lot Size:173,620
Average # Beds:3.83Average # Baths:3.05
Homes Absorbed:3Newly Listed:3
Days on Market:97Average Age:37

The median list price of homes for sale in the Los Gatos Mountains 95033 – all price points combined:

 

The median list price of homes for sale in the Los Gatos Mountains 95033 – showing info by price quartile:

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

Average days on the market (number of days the home’s been listed for sale on the MLS), all price points combined:

 

Real Estate Market Chart by Altos Research www.altosresearch.com

 

Average days on the market for 95033 by pricing tier – it’s erratic as the amount of inventory tends to be small:

 

Real Estate Market Chart by Altos Research www.altosresearch.com

Subscribe now to learn dozens of LOS GATOS real estate trends and other important market measures!

 How’s the Real Estate Market in the Los Gatos Mountains 95033?

 

  1. 2 beds, 2 baths
    Home size: 1,257 sq ft
    Lot size: 11,199 sqft
  2. 3 beds, 2 baths
    Home size: 2,489 sq ft
    Lot size: 38,071 sqft
  3. 2 beds, 2 baths
    Home size: 1,800 sq ft
    Lot size: 2.60 ac
  4. 4 beds, 2 baths
    Home size: 1,696 sq ft
    Lot size: 9,400 sqft
  5. 2 beds, 1 bath
    Home size: 1,081 sq ft
    Lot size: 19,741 sqft
  6. 3 beds, 3 baths
    Home size: 1,968 sq ft
    Lot size: 2.90 ac
  7. 3 beds, 3 baths
    Home size: 1,848 sq ft
    Lot size: 1.06 ac
  8. 3 beds, 2 baths
    Home size: 1,344 sq ft
    Lot size: 17,663 sqft
  9. 4 beds, 2 baths
    Home size: 2,820 sq ft
    Lot size: 3.34 ac
  10. 0 beds, 0 bath
    Home size: 4,980 sq ft
    Lot size: 11.62 ac

See all Real estate in the Los Gatos Mountains community.
(all data current as of 9/19/2017)

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

Los Gatos Luxury Home Market

The Luxury Home Real Estate Market in Los Gatos & Monte Sereno: today I crunched the numbers from MLS Listings to get the absorption rate or months of inventory for estate properties over $2,000,000 in Los Gatos 95030, Los Gatos 95032, Monte Sereno (both 95030 & 95032), and the Los Gatos Mountains 95033.   Monte Sereno is a red hot market for estate properties, while the Los Gatos Mountain areas are not moving a lot of super expensive properties.  Have a look below.

Los Gatos area luxury market

Next we’ll look at live charts from Altos Research (to which I have a subscription)

List prices of homes for sale in the topmost price quartile in Los Gatos, Monte Sereno and the Los Gatos Mountains

Real Estate Market Chart by Altos Research www.altosresearch.com Continue reading

How’s The Los Gatos Real Estate Market Doing Now?

March 06, 2013

The market is heating up in Los Gatos as of about 4 weeks ago with new sales commenced.  These will not be reflected in the closed sales until early March, so please take the ‘solds’ info below with a grain of salt and keep the changed market conditions in mind!

Below please find the statistics and numbers for house sales in the town of Los Gatos (95030 and 95032), including county pockets, which closed in the month of February 2013. The median price is down both month over month and also year over year.  It has been softer in Los Gatos than in many Silicon Valley communities right now.

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $1,435,000 $1,555,000 (-7.7%) $1,442,500 (-0.5%)
Average Price $1,506,570 $1,704,850 (-11.6%) $2,320,030 (-35.1%)
No. of Sales 19 13 (+46.2%) 16 (+18.8%)
Pending Properties 36 18 (+100.0%) 48 (-25.0%)
Foreclosures Sold 0 0 (N/A) 1 (-100.0%)
Short Sales Sold 2 0 (N/A) 1 (+100.0%)
Active Listings 60 52 (+15.4%) 86 (-30.2%)
Active Foreclosures 1 0 (N/A) 2 (-50.0%)
Active Short Sales 1 0 (N/A) 10 (-90.0%)
Sales Price vs. List Price 97.4% 99.4% (-2.0%) 94.8% (+2.7%)
Days on Market 88 34 (+160.7%) 70 (+25.3%)

Inventory is low all over – and Los Gatos is no exception, though inventory did go up a bit countywide from January 2013 to Feb 2013.  How bad is it? Off 30% from a year ago (and inventory was low then: Feb 2012 was 86, Feb 2011 was 132 available houses).

Days on market: The figure for February of 88 days on market for sold properties reflects the DOM of houses that closed in February and most likely went into contract in January, or possibly December – both of which were “cooler” times than the shift we saw take place in early February 2013.

How long have the currently available single family homes in LG been on the market?

As of this moment, in 95030 and 95032 combined there are just 76 single family homes for sale. Most haven’t been on all that long, in fact, appx 64% or 2/3 have been on the market for 60 days or less, and exactly half of the available inventory has been on the market for 1 month or less.  Let’s see the breakdown in one-month increments of the number of homes in each time bracket.:

0 – 30 days:   38 homes
31 – 60 days:  11
61 – 90 days:   4
91 – 120 days:  4
121 – 150 days: 2
151-180 days: 9
181-210 days: 1
211-240 days: 1
241-270 days: 0
271-300 days: 1
301-330 days: 1
331-365 days: 1
366 + days: 3  (oldest one almost 1500 DOM)

How long were the under contract single family homes in LG on the market?

I won’t repeat this level of detail for the Los Gatos houses which are sale pending or under contract (real estate agents: status 3 & 4), but the average days on market for those 17  pending properties is 26 and of these, only 2 were more than 30 days (1 sold with 49 DOM and another 191 DOM).  In other words, when homes sell now, they are selling faster than the DOM from the closed sales in February would reveal.  This will show up in March’s statistics next month.

Are there multiple offers in Los Gatos, and overbids?

Yes, there are some of each.  I did a spot check of the sales for the last 7 days and the last 14 days and in both cases, the average sales price was higher than the average list price.  For the last 7 days, there were 8 closed sales, 4 above list, 1 at list price and 3 below.)

Los Gatos condominium & townhouse sales (click on link for more info)

Dramatic improvement in the median and average sales price of condos and townhomes in town year over year as well as from the prior month.

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $787,500 $649,000 (+21.3%) $601,000 (+31.0%)
Average Price $708,900 $659,286 (+7.5%) $562,675 (+26.0%)
No. of Sales 10 7 (+42.9%) 8 (+25.0%)
Pending Properties 9 11 (-18.2%) 19 (-52.6%)
Foreclosures Sold 0 0 (N/A)< /span> 2 (-100.0%)
Short Sales Sold 0 0 (N/A) 1 (-100.0%)
Active Listings 9 6 (+50.0%) 24 (-62.5%)
Active Foreclosures 0 0 (N/A) 0 (N/A)
Active Short Sales 0 0 (N/A) 3 (-100.0%)
Sales Price vs. List Price 100.9% 102.1% (-1.2%) 96.1% (+5.0%)
Days on Market 10 18 (-43.9%) 63 (-83.9%)

 

The Monte Sereno real estate market

Monte Sereno houses (no condos in MS) – primarily 95030 but a smattering of 95032 also.  There are so few homes in Monte Sereno (just 4,000 residents) that the sales numbers are very easily skewed.  Disclaimers aside, here are the Monte Sereno market stats:

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $1,600,000 $1,813,000 (-11.7%) $0 (N/A)
Average Price $1,600,000 $2,032,670 (-21.3%) $0 (N/A)
No. of Sales 1 3 (-66.7%) 0 (N/A)
Pending Properties 7 2 (+250.0%) 0 (N/A)
Foreclosures Sold 0 1 (-100.0%) 0 (N/A)
Short Sales Sold 0 0 (N/A) 0 (N/A)
Active Listings 9 6 (+50.0%) 0 (N/A)
Active Foreclosures 0 0 (N/A) (N/A)
Active Short Sales 0 0 (N/A) (N/A)
Sales Price vs. List Price 94.2% 112.0% (-15.9%) 0.0% (N/A)
Days on Market 15 42 (-64.3%) 0 (N/A)

 

 The Los Gatos Mountains real estate market trends and statistics – 95033 – houses, no condos or townhouses only – NO HOMES SOLD/CLOSED in Feb 2013, so no charts to share!

A more affordable, but beautiful, place to live is in the coastal foothills over the town of Los Gatos.  The communities there are closely affiliated with the town of Los Gatos, if distinct!  This area is always tougher to sell, and slower to appreciate. Prices here aren’t much better, and possibly worse off (depending on the area, price point etc.), than a year ago.

Altos Live Charts for Los Gatos 95030 and 95032 plus Los Gatos Mountains 95033 and Monte Sereno Real Estate

Next please enjoy the live Altos charts, which are updated automatically each week – each segment is a little different than the others (and the reports would be more diverse still if we broke these down further, by price quartile – – sign up below if you want these delivered to you via email each week).

As you can see, pricing is stronger in 95030 than in 95032.  This may be due to the schools (only a little of 95030 is in the Campbell Union High School District, but a larger portion of 95032 is).  The strong Los Gatos schools are a major driver of desireability – but not the only one.  Many people want to have the “walk to town” element, even if their kids are in private schools.

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com


 

Holy City is for Sale!

January 16, 2013

Holy City lies about 10 miles south of downtown Los Gatos in the Santa Cruz Mountains along the Old Santa Cruz Highway.  It has a colorful past and at one time was a frequent tourist stop on the way to the coast, but when Highway 17 went in, the area was bypassed and today is mostly a ghost town.

House on 12 acres within Holy City

With 142 lush and scenic acres, 11 distinct parcels, a house and a glass shop, a running creek, tall redwoods and wide meadows, the area has more than just a little potential – and all of it is for sale.  The parcels range from 1/2 acre to 52 acres in size.  The house sits on 12 acres.  Ducky Grabill, a Realtor in my office, has listed this beautiful and unique property.  It is offered at $7,500,000.

Creek in Holy City

Holy City – 21200 Old Santa Cruz Highway, Los Gatos, CA 95033

 

For more information on Holy City:

Article on the history of Holy City

Ducky Grabill (listing agent for this property) – cell 408-761-4073

Virtual tour of Holy City and listing details

Median List Prices of Homes for Sale in Monte Sereno,Los Gatos & Los Gatos Mountains

April 23, 2010

Today on my Valley of Heart’s Delight blog, I did an in-depth post detailing the median list prices of homes for sale in Monte Sereno, Los Gatos, and the Los Gatos Mountains.  That post includes a look at these areas by price quartile and zip code (most helpful between 95030 and 95032).  This is extremely helpful information for home buyers and home sellers alike, since often consumers have the impression that the market within a city or town is somewhat monolithic – and this shows that it simply isn’t so.

To see the post, which is full of great charts, click on the link below:

Median List Prices in Monte Sereno, Los Gatos and the Los Gatos Mountains

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
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special focus on
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including
Monte Sereno,
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