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 we saw some of that throughout Silicon Valley, including in the town of Los Gatos. Year over year, the median and average home prices are fairly stable. Despite increased inventory, the sales to list price percentage has gone up and average days on market remain low. This suggest a warming 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.
|Trends at a Glance||MAY 2017||PREVIOUS MONTH||YEAR-OVER YEAR|
|Median Home Price||-7.1%||$1,950,000||$2,100,000||0.0%||$1,950,000|
|Average Sales Price||-5.2%||$2,128,200||$2,244,650||+3.0%||$2,065,370|
|No. of Homes Sold||+34.8%||31||23||+6.9%||29|
|Short Sales Sold||N/A||0||0||N/A||0|
|Active Short Sales||N/A||0||0||N/A||0|
|Sales Price vs. List Price||-3.1%||101.8%||105.2%||+0.4%||101.5%|
|Average Days on Market||-34.5%||26||40||-8.4%||28|
Los Gatos real estate statistics and market trends At A Glance
- Median home prices fell by 0.0% year-over-year to $1,950,000 from $1,950,000.
- The average home sales price rose by 3.0% year-over-year to $2,128,200 from $2,065,370.
- Home sales rose by 6.9% year-over-year to 31 from 29.
- Active listings rose 19.6% year-over-year to 116 from 97.
- Sales price vs. list price ratio rose by 0.4% year-over-year to 101.8% from 101.5%.
- The average days on market fell by 8.4% year-over-year to 26 from 28.
Compared To Last Month
- Median home prices slipped by 7.1% to $1,950,000 from $2,100,000.
- The average home sales price fell by 5.2% to $2,128,200 from $2,244,650.
- Home sales up by 34.8% to 31 from 23.
- Active listings increased 27.5% to 116 from 91.
- Sales price vs. list price ratio dropped by 3.1% to 101.8% from 105.2%.
- The average days on market dropped by 34.5% to 26 from 40.
January 19, 2010
Lightning is flashing, thunder is rumbling, the rain is coming down and instead of hibernating, you are trying to sell your home. With a front yard saturated and soupy, what can you do to make your home inviting and pleasing to the serious home buyers who brave this kind of soggy winter weather?
Winter home selling poses some challenges, and all of them are exaggerated in a year like this El Ni
March 01, 2008
We all like easy answers, preferably with a short list. That’s why titles like “Five Easy Ways to Make Millions” seem to sell so well. With that in mind, let me provide a few very simple rules of thumb for staging your Silicon Valley home to sell in any real estate market. But let me warn you: I’m going to be painfully, brutally blunt.
The first rule for “staging your home to sell” is the topic of today’s post and it involves landscaping and curb appeal. The front of the house needs to look great. Seriously. If the front doesn’t look wonderful (or at least really good), the buyer will never go inside to see how great your home is. Especially now, when the majority of homes are not selling.
Here’s Mary Pope-Handy’s “Simple Rules for Landscaping to Sell Your Home”:
- Get rid of juniper. I’m not kidding. And ivy too, while you are at it. These two plants are hated by most buyers and tend to give them the sense of “if they’ve lived with that, what else have they lived with?” There are front yards which consist of nothing but ivy and juniper. Tear it out.
- Make sure the door(s) and windows are fully viewable and not at all obstructed from the street. This is dual purpose. First, it allows the buyer to see the home as uncrowded from the outside, and it lets a maximum of light get inside. If your bushes are growing over any part of the window, beat it back. I mean, trim it back. Mature landscaping is good. Overgrown is bad.
- Have a healthy lawn in front. Fresh sod is nice, but a nearly weed-free, inviting patch of green will do. (In ground sprinklers required. Timers and auto drip a plus to buyers.)
- Plant colorful flowers near the walk way and near the front door.
- If you have a porch, make it appealing with good furniture – but not overcrowded. Think uncluttered. If it’s a tiny porch, use tiny bistro-like furniture.
- Keep garden hoses rolled up and tidy, keep walkways clear of debris, keep all the living things healthy (unless you’ve got moss – get rid of that living thing!).
- Clean your windows, door, porch, exterior. A power washer is a good friend – it’ll help you clear cobwebs. Make sure the door opens easily and the hardware is clean.
- How’s your mailbox? If it’s tired, replace it. Ditto that for the front mat.
- When selling, make sure to keep your garage door closed (and that it operates properly). If the driveway, walkway or sidewalk is badly cracked or damaged, consider repairing or replacing it. This is particularly true if there is any tripping hazard. (Imagine a buyer getting hurt while viewing your property – you want to eliminate this possibility.)
That’s it for the exterior. Not too painful, was it? (Well, not if you didn’t start with a heavy load of juniper and ivy.) If you can make your front yard approachable and welcoming (no walls of ivy, no overgrowth), it will do wonders at beckoning people to see the inside of your home too.