The Blossom Hill Manor (aka “the Manor” or “Blossom Manor”) is a highly sought after neighborhood with its close proximity to the well regarded Los Gatos schools, parks, shops, grocery stores and major transit routes. Homes there are nicely maintained, many streets are tree-lined and there’s a good amount of community spirit and involvement in this close-in, walkable area. Explore the area more using my Google Map of Blossom Manor, or take a video drive-through of the neighborhood at my other post, The Blossom Manor neighborhood of Los Gatos.
In this posting, we’ll discuss the Blossom Manor real estate market. The real estate market in Los Gatos has been on fire like the rest of the Bay Area over the last few years, but there’s a great deal of variation from one area, price point, school district, age and condition of home to the next. As you can imagine, the “fixer” market is very different from the luxury market.
So far in 2019, there have been 15 closed sales in The Manor. A few quick stats on those sales:
- Average list price $2,150,343
- Average sale price $2,207,518 (103% of list price)
- Median sale price $2,060,000
- Least expensive list price $1,589,000
- Lease expensive sale price $1,775,000
- Most expensive list price $2,749,000
- Most expensive sale price $2,790,000
- Average price per SF $1,114.61
- Average days on market 16
- Average living space 2046 SF
- Average lot size 9,431 SF
- Average age of the home 61 years
Of these 15 sales, 9 were over list price, 1 was exactly at list price (an off market sale – the only one not exposed publicly before selling), and the rest sold under list price.
The days on market ranged from 0 (an “off market sale:) to 75. Of the 15 homes, 12 sold in 15 days or faster. Those which sold in 13 days or less sold for more than list price.
I should add that the most recent closings were also over list price. Sometimes prices are softer in the autumn, but that isn’t the case right now in Blossom Manor.
So in summary it is still a seller’s market, but not a wild, white hot market. Selling 3% over list price, on average, is not too bad compared to the height of the market. Will the Blossom Hill Manor market keep cooling down? We’ll just have to keep tracking it.
Looking for a long-view market analysis? Back in February of 2013 I spent most of a day researching the market for this pocket of Los Gatos and I pulled the statistics for home sales in Blossom Manor going from 2012 all the way back to 1998 to get the 10,000 foot view. Please find that detailed article on my Valley of Heart’s Delight blog under the Blossom Manor neighborhood of Los Gatos.
View current and recent Blossom Manor real estate listings (active listings of Blossom Manor homes for sale, contingent or pending properties, or sold real estate in Blossom Manor within the last 6 months).