August 04, 2008
What’s the housing market in Los Gatos doing in these final weeks of summer? How’s the real estate business in Los Gatos faring amid all the doom and gloom of the mortgage implosion? Are Los Gatos homes selling?
Anecdotally, I can tell you that lenders have tightened up their requirements, sales are down and buyers are pickier than ever. Buyers are waiting for prices to come down more for most homes (except the totally remodeled ones which are priced extremely competitively). Many sellers are not willing to sell in the current climate, so the local Los Gatos inventory is not terribly high. Some homes, then, are still selling with multiple offers, while others remain unsold.
Below, please see first the pricing, by quartile, of single family homes in Los Gatos. (These are list prices, not sold prices.)
The first graph reflects the 95030 zip code, which is entirely in the Los Gatos School District.
The following graph displays list prices of single family homes within the 95032 zip code. Much of this zip code is not in the Los Gatos School District, but some of it is.
Next, please see the information for pricing of condominiums and townhomes in the town of Los Gatos, again by both zip code and by quartile.
Here’s the report for townhouses and condos in Los Gatos by quartile for 95030.
And here’s the same report but for the 95032 zip code:
Below please find reports based on listing prices by zip code and home type (single family or condo/townhome) as well as by zip code. The beginning of the reports will appear the same for both zip codes (95030 and 95032) but go deeper into the report and you will see the neighborhood stats, which are different than those of the town as a whole.
No report for condominiums and townhouses in Los Gatos 95030 – not enough info to generate a report.
Please let me know if you’d like to discuss your particular situation with me in person, by email, or over the phone.