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. This post is updated every month or two. 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 I 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 market might actually be empty in those tiers, 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 for the town as a whole with 95030 and 95032 zip codes shows a mild seller’s market, with post-summer cooling likely in what is a typical seasonal pattern. It is a bit of a mixed market when looking at the town as a whole, but less so when viewed by high school district or price point. We’ll see when the month is over, but already in many parts of Santa Clara County, the real estate market is returning to seasonal patterns with some cool pockets and some which remain hotter.

 

 

And here’s the same chart with data from last February. You can see that in mid-winter the inventory was smaller and moving slightly slower.

 

2019-2-12 Los Gatos Months of Inventory 1 - 95030 95032

 

Looking back farther, here’s the same info for last November – the overall absorption rate isn’t much different from right now, and inventory and sales are neck-and-neck. Almost exactly a year ago, the market doesn’t look too different.

 

Los Gatos 95030 and 95032

 

And a reference from April, when the market was red hot:

 

 

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).Houses for sale with Los Gatos schools tend to be more pricey than those in neighboring school districts. This isn’t just the schools, but is also a function of being closer to downtown Los Gatos. The lowest priced homes in this area are seldom listed for less than $1 million.

 

 

Once again, we’ll compare it against last February. While the overall market is moving faster today than in February, here we can see that for homes in the Los Gatos School District were moving more quickly in winter. While the number of sales hasn’t changed much, inventory has gone up in this sector.

 

2019-2-12 Los Gatos Months of Inventory 2 - LGSUHSD

 

From last November, again, not a ton different between then and now.

 

Los Gatos 95030 95032 LG Schools

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

Sereno Group Annual Pumpkin Decorating Contest

Pumpkin Contest Sereno GroupIt’s time to decorate some pumpkins! Sereno Group is hosting its 11th annual pumpkin decorating contest and invites kids to transform a small pumpkin into a work of art! This is not a carving contest and there should be no punctures of any kind as these works of art will need to last, and any cuts will cause rotting.

Every child who enters will get a small gift. Voting on the best work of art will take place during office meetings for each of the four age groups, with the winner of each getting a prize.

 

The age groups for this contest are:

  • 2 to 3 years
  • 4 to 6
  • 7 to 11
  • 12 to 14

Small pumpkins are being given away at the Sereno Group office locations in Los Gatos (2 locations), Saratoga, Willow Glen, Aptos, Santa Cruz, Los Altos and Palo Alto. Optionally, entrants may bring their own small pumpkin.

The deadline is Wednesday, October 30th, 2019 (voting in the offices will be the next day). Have fun – we cannot wait to see the decorated pumpkins!

Here are the Los Gatos locations, but feel free to use the others listed on the Pumpkin decorating contest poster:

Los Gatos (open M – F, 9 – 5)
214 Los Gatos-Saratoga Road, Los Gatos

Los Gatos Northpoint (open M – F, 9 – 5)
634 N. Santa Cruz Ave, Suite 100, Los Gatos

Sereno Group pumpkin decorating contest info 2019
Please click on image to see poster in full size (link to my dropbox file)

 

 

 

 

 

 

Screen on the Green in Los Gatos

Every September, the Town of Los Gatos hosts a free movie at Oak Meadow Park in the month of September for kids and kids-at-heart. This is the annual “Screen on the Green“.

This year, the movie will be The Incredibles II, and it will be September 20th, 2019.

Fun activities for children begin at 6:00pm, with train rides, carousel rides, face painting, games and more. The film will begin at 7:30 pm and will be projected onto a 25′ inflatable screen on the meadow. A snack bar will be open from 6:30-8:30pm, so have dinner before or bring a picnic and some blankets, then come early to grab a good seat!

Attendees, it is important to bring layers and something low to sit on – blankets, cushions, or low backed lawn chairs, are alright. I always bring a flashlight for after the show. The gopher holes in the lawn are easy to find by accident with your foot.

For additional details, please see the Los Gatos town website page for Screen on the Green:

http://www.losgatosca.gov/342/Screen-on-the-Green

 

 

screen on the green 2019

 

 

Fiesta de Artes in Los Gatos

Los Gatos Fiesta de Artes

 

Saturday September 21st and Sunday September 22nd mark the return of the Fiesta de Artes Los Gatos, Art & Wine Festival, the only Art & Wine Festival in town all year!  It will be located at the Civic Center lawn, and the hours are 10 am to 6 pm both days. (This year it was moved from August to September – hopefully there will be far less “beach traffic” with this timing, which seems like a great idea to me.)

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. Please check out the musical lineup here: Fiesta de Artes music lineup

Where is the Fiesta de Artes held?

Fiesta de Artes will be at the Civic Center lawn across the street from Los Gatos High School.

For more information, please visit https://LosGatosFiesta.com/

Claws for a Cause in Los Gatos

Claws for a cause 2019Each year, in early to mid-Septemeber, the Los Gatos Morning Rotary Club, sponsors a fun end of summer bash: Claws for a Cause. The annual Maine lobster party features good food, live music, and dancing. It is often a sell-out event!

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

This year it’s Saturday, Sept 7, 2019, from 5:30 pm to 10pm and it will be held at the Los Gatos Lodge.

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

http://lglobsterparty.com/

 

 

Los Gatos Park Dance

musical notesNeed something to do on Labor Day weekend? The Los Gatos Park Dance is back during the holiday weekend – the 7th annual at Oak Meadow Park. The first year over 2000 people attended and it’s been growing ever since!

Los Gatos Park Dance Details

Cost: FREE – courtesy of Music in the Park

Date & Time: Saturday, August 31, 7 PM – 9:30 PM

Location: Lyndon Bandstand, Oak Meadow Park, Los Gatos

The band this year will again be The Houserockers (a Los Gatos band).

What else: to get a good spot, arrive early! Bring a picnic supper. Beer and wine are allowed with meals (no other alcohol). Bring layers, as it cools down once the sun sets. Prepare to dance on the lawn, so wear comfortable shoes and watch out for gopher holes as you leave – they can be hard to spot in the dark.

Parking at Oak Meadow Park is free to town residents, but if you’re a local, you know that it fills up fast. You can park on nearby public streets if that happens, or try Vasona’s parking, which will cost a little.

This event is sponsored by Los Gatos Music in the Park.

More details:

https://www.facebook.com/events/oak-meadow-park-los-gatos/los-gatos-park-dance/2231979613548484/

 

 

Gas transmission lines in Los Gatos

Where are the gas transmission lines in Los Gatos? Ever since the San Bruno fire, caused by a faulty PG & E gas transmission pipe line, the location of those pipes has been a concern.  The power company now provides a map with that information for the major gas transmission lines. The map actually outlines info for all of Silicon Valley – and the state of California as a whole!

In Los Gatos, those lines are along Winchester Boulevard, Blossom Hill Road, University Avenue, and Roberts Road (on both sides of 17).

Gas transmission lines in Los Gatos
Gas transmission lines in Los Gatos