August 11, 2008
The numbers are out for July’s sales activity in Los Gatos!
To the left, please see a graph for prices and sales of single family homes in the Town of Los Gatos. Note that sales prices, both median and average, are slipping, while the number of homes sold has been rising. This is welcome news for sellers.
With the Los Gatos condominium or townhouse market, things are less positive for sellers, but a great opportunity for buyers. (This is very much the situation in the Saratoga and Almaden Valley markets too – the luxury condo market is having a far harder time than the single family home market.) Prices are down and the number of homes selling is down also. Please see graph below.
Please visit my online Silicon Valley Real Estate Report to see much more data for the Town of Los Gatos or any other part of Silicon Valley’s real estate market. Visitors to the site can navigate to view statistics and graphs for condominiums and townhomes or single family homes by region.
As always, the real estate market is comprised of many “micro markets”, so please contact me for specific information on your particular home or neighborhood.