January 06, 2010
My Santa Clara County Real Estate Report is now updated to include the data from December 2009 for Los Gatos, San Jose, and, of course, all of Santa Clara County.
From any of the links below, you can navigate to see the same info for he county as a whole or other areas (both cities and districts within San Jose such as Cambrian Park or Almaden Valley).
December 2009 report for Los Gatos single family homes
December 2009 report for Los Gatos condos & townhomes
Third quarter 2009 report for Los Gatos single family homes
Third quarter 2009 report for Los Gatos condominiums and townhouses
2009 annual report for Los Gatos single family homes
2009 annual report for condos and townhouses
Los Gatos residential real estate prices are down year-over-year (10-20% for most homes). Los Gatos has mixed indicators – some numbers are better, some are worse. Have we hit the bottom yet? Some say yes, some think that there are further corrections still to come. Inventory is down, which puts pressure on prices. We will know better by mid-February or early March if this will be at all a typical spring home buying season.