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

Low Inventory

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 October 20, 2017
Median List Price:$3,435,808Average List Price:$4,438,319
Total Inventory:29Price per Square Foot:$1,018
Average Home Size:3,650Median Lot Size:37,585
Average # Beds:4.09Average # Baths:3.76
Homes Absorbed:3Newly Listed:3
Days on Market:124Average Age:45

90-day stats for Single Family properties in
LOS GATOS, CA 95032 as of October 20, 2017
Median List Price:$2,673,512Average List Price:$3,249,881
Total Inventory:29Price per Square Foot:$815
Average Home Size:3,437Median Lot Size:15,291
Average # Beds:4.34Average # Baths:3.90
Homes Absorbed:7Newly Listed:6
Days on Market:80Average Age:37

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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