A resource for folks living in or moving to Los Gatos, by Mary Pope-Handy

Los Gatos real estate statistics and market trends

The Los Gatos real estate market for single family homes is balanced as a whole, but any particular home does not generally line up with what’s average. A particular home’s market will be impacted by things such as the pricing tier (the luxury market is a colder market, while homes under $2 million are generally a hot commodity), the school district, condition of the property, etc.

First, here’s a glance at the Altos Research profiles by the Los Gatos zip codes: 95030 and 95032 are “in town” and 95033 is in the Los Gatos Mountains. The last profile refers to the averages of all 3 zip codes. These are updated automatically every week – so check back often, it will always be current!

Close to downtown – 95030:

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Primarily East, West, and North Los Gatos:

4ecf6c4 - Los Gatos real estate statistics and market trends

The Los Gatos Mountains / Santa Cruz Mountains – 95033:

95d9db3 - Los Gatos real estate statistics and market trends

All 3 Zip Codes combined

941bfce - Los Gatos real estate statistics and market trends

 

Los Gatos real estate statistics and trends from the RE Report

The real estate numbers below reflect realty data gathered the first week of the month for the past month in Los Gatos 95030 & 95032, or MLS “area 16”. See the full REReport here.

Los Gatos Trends at a Glance for 95030 & 95032

Prices continued sliding month over month, but remain up substantially year over year.  Even so, the days of inventory is quite high by local standards, with only 9 closed sales as opposed to 44 houses available.

Trends At a Glance Jan 2019 Previous Month Year-over-Year
Median Price $2,480,000 (-0.8%) $2,500,000 $1,930,000 (+28.5%)
Average Price $2,810,060 (-0.3%) $2,818,350 $2,335,350 (+20.3%)
No. of Sales (-47.1%) 17 11 (-18.2%)
Pending 23 (+4.5%) 22 28 (-17.9%)
Active 44 (+33.3%) 33 33 (+33.3%)
Sale vs. List Price 98.3% (-2.1%) 100.5% 105.4% (-6.7%)
Days on Market 39 (-11.8%) 44 47 (-18.1%)
Days of Inventory 147 (+151.9%) 58 90 (+63.0%)

 

And the month before:

 

Trends At a Glance Dec 2018 Previous Month Year-over-Year
Median Price $2,500,000 (+8.1%) $2,312,500 $2,392,500 (+4.5%)
Average Price $2,818,350 (-4.5%) $2,949,780 $2,543,170 (+10.8%)
No. of Sales 17 (-39.3%) 28 24 (-29.2%)
Pending 22 (-29.0%) 31 14 (+57.1%)
Active 33 (-31.3%) 48 22 (+50.0%)
Sale vs. List Price 100.5% (+2.1%) 98.4% 99.9% (+0.5%)
Days on Market 44 (-13.6%) 51 30 (+49.0%)
Days of Inventory 58 (+17.1%) 50 28 (+111.8%)

 

The RE Report does not cover the mountain areas at the moment, but you can see a current Altos Research Report with tons of great info on 95033 here: altos.re/r/95d9db3?fbrefresh=true

 

The condominium and townhouse realty market stats in Los Gatos 95030 & 95032

See the full condominium report here

Los Gatos Condo Market Trends at a Glance

This segment of the market has cooled considerably, both month over month and year over year.

Trends At a Glance Jan 2019 Previous Month Year-over-Year
Median Price $973,000 (-26.1%) $1,316,250 $1,335,000 (-27.1%)
Average Price $1,061,500 (-19.2%) $1,314,250 $1,247,200 (-14.9%)
No. of Sales (+33.3%) 3 (-20.0%)
Pending (-25.0%) 4 (-62.5%)
Active (+50.0%) 6 (+125.0%)
Sale vs. List Price 97.5% (-1.3%) 98.7% 103.2% (-5.6%)
Days on Market 70 (+145.1%) 29 17 (+313.2%)
Days of Inventory 68 (+12.5%) 60 24 (+181.3%)

 

And the month prior:

 

Trends At a Glance Dec 2018 Previous Month Year-over-Year
Median Price $1,316,250 (+31.0%) $1,005,000 $925,000 (+42.3%)
Average Price $1,314,250 (+36.2%) $964,800 $1,047,750 (+25.4%)
No. of Sales (-50.0%) 6 12 (-75.0%)
Pending (0.0%) 4 (+33.3%)
Active (-40.0%) 10 (+500.0%)
Sale vs. List Price 98.7% (+1.8%) 97.0% 108.7% (-9.2%)
Days on Market 29 (-30.1%) 41 20 (+47.0%)
Days of Inventory 60 (+24.1%) 48 (+2,300.0%)

 

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And 95032

 

app?pai=50109450&service=chart&st=CA&cid=70&zid=334&rt=sf&ra=a&q=a&s=median price&sz=l&ts=e&theme=oldchart - Los Gatos real estate statistics and market trends

 

And 95033 (The Los Gatos Mountains)

 

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The whole Los Gatos real estate market report can be viewed here (please click). Additionally, from this page or the main one (link above) you can see this type of information for condos and townhomes plus the market data for Monte Sereno, the Los Gatos Mountains, San Jose as a whole, or areas of San Jose such as Cambrian, Almaden, and Willow Glen.

Finally, it should be noted that “the Los Gatos real estate market” is really a compilation of several smaller markets. It’s quite different in the over $3 million range versus the under $1 million range (if you can locate a house under a million dollars). It’s also varied from one school district to the next and often one subdivision or neighborhood to the next. The Glenridge market is going to be quite distinct from the Alta Vista or Rinconada Hills market.

From time to time I will blog about real estate market conditions in particular neighborhoods – it is possible to run the statistics via our multiple listing service by any area we care to map out. If you’re thinking of buying or selling a home in town or nearby, please give me a call. We can look into not just THE market, but YOUR market!

For more on the current local market, check out my post on Los Gatos real estate market trends by price point and high school district, updated monthly!

Mary Pope-Handy

Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805

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