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The Los Gatos luxury home market is faring surprisingly well now, given the strange real estate market that we are currently experiencing with ultra low inventory, interest rate hikes, and the stock market being off after Fitch’s downgrade.

Earlier this year it moved around with extremely low inventory in January and an easier time selling to a whopping 13 months of inventory in March.

Some of the bouncing around is a reflection of the very low inventory and accordingly, very lo numbers of home sales. It’s important to take it with a big grain of salt. The best homes, meaning that they are in good shape, don’t have location issues, and are well priced, continue to sell in 1 – 3 weeks.

For an in-depth article about the Los Gatos real estate market generally (not just the most expensive properties), please check our linked article, which is updated monthly!

Los Gatos luxury home market months of inventory – homes listed for sale at $4 million or more

The months of inventory is the single best gauge to use in deciding how hot or cool the market is. For July 2023 it fell to 2.2 months of inventory, which is a decently warm seller’s market.

Los Gatos luxury homes market data - 95030 95032 4 mil and up months of inventory

Most of the luxury properties in Los Gatos are under $8 million, and that upper level can be much cooler than the $4 – $6 million market.

I tried to pull the same info for the Los Gatos mountains 95033, but kept getting an error message from the MLS that there were too few sales to chart meaningfully.

Altos Charts for homes listed in the top 25% or top quartile for Los Gatos 95030, 95032 and 95033

These will be automatically updated, so check back often for a quick update on the Los Gatos real estate data for this upper tier!

Median list price

Average list price for the Los Gatos luxury home market’s top 25% in pricing for the 3 zip codes: 95030 and 95032 (“in town”) and 95033, the unincorporated area in the Los Gatos Mountains (or Santa Cruz Mountains).

Average days on market

Average square footage

Average price per lot size

Average price per square foot

 

 

For sellers of these higher priced properties in Los Gatos, it’s important to not be confused by what’s happening in the lower price ranges (where the market is much, much hotter, especially for homes in good shape and with the Los Gatos schools).  For buyers, it’s an opportunity to purchase a property without so much competition as you might find in Los Altos Hills or Palo Alto.  These expensive homes offer wonderful amenities, a lot of space and a lovely setting in most cases – and overall, are a “good value” right now since this is not a wildly overheated segment of the market.

Estates, high end homes, luxury properties, and mansions for sale in Los Gatos

Enjoy browsing expensive houses and estates currently available to buy! These homes are fun to see, but be aware that in many cases the prospective buyer will need to provide either bank statements or other financial statements showing the ability to pay (what we call the “proof of funds”) and a pre-approval letter if financing would be utilized in the purchase of the property.

  • List View
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See all Los Gatos homes for sale $7 million and up.
(all data current as of 6/19/2024)

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

 
 

 

Our nearby neighbor, Monte Sereno, shares police, library, schools, and parks with Los Gatos. Prices there tend to be a little higher than in LG, but not by a ton. Have a look at some gorgeous properties!

  • List View
  • Map View
  • Grid View

See all Monte Sereno Luxury homes for sale.
(all data current as of 6/19/2024)

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

 
 

 

 

 

Related reading:

What should you look for when buying a luxury home in Silicon Valley?
Browse luxury homes for sale in Los Gatos (scroll to end of post for current list with photos, details etc.)
Los Gatos luxury homes

 

 

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