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

Los Gatos real estate statistics and market trends

Los Gatos real estate market graphicThe Los Gatos real estate market for single family homes is a sellers market as a whole, but this varies depending on many factors. 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, whether it is remote or convenient (in some cases), 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! Also, I’ve provided links to each of the 3 zip codes reports. Within those weekly reports are great data points, my favorite being the info of what size home and number of beds and baths you’re likely to find per price quartile. Check it out!

Altos Research Profiles of Los Gatos single family homes by zip code

A link is provided to the full weekly report for each zip code. It will bring you to the page for single family homes (houses and duet, or single family attached, homes), but from there  you can click on a tab and view the same type of data for condominiums and townhouses if any data exists for them.

Close to downtown – 95030 (read the full weekly report for Los Gatos 95030, which is automatically updated, here):

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Primarily East, West, and North Los Gatos (view the Altos Research report for Los Gatos 95032 HERE):

4ecf6c4 - Los Gatos real estate statistics and market trends

The Los Gatos Mountains / Santa Cruz Mountains – 95033 (see the full 95033 weekly report here, no condo or TH in these areas):

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

The market is softening a little, but the sale to list price ratio is just a hair under 100%, so not a bad time for sellers, generally.

Trends At a Glance Jul 2019 Previous Month Year-over-Year
Median Price $2,295,000 (-11.7%) $2,600,000 $2,410,000 (-4.8%)
Average Price $2,364,100 (-13.9%) $2,745,390 $2,424,220 (-2.5%)
No. of Sales 33 (+6.5%) 31 31 (+6.5%)
Pending 32 (-22.0%) 41 34 (-5.9%)
Active 74 (-17.8%) 90 75 (-1.3%)
Sale vs. List Price 99.9% (-1.5%) 101.4% 101.9% (-2.0%)
Days on Market 35 (+47.5%) 24 25 (+39.1%)
Days of Inventory 67 (-20.1%) 84 73 (-7.3%)

And the month before:

 

Trends At a Glance Jun 2019 Previous Month Year-over-Year
Median Price $2,600,000 (+5.7%) $2,460,000 $2,800,000 (-7.1%)
Average Price $2,745,390 (-1.6%) $2,788,930 $2,834,730 (-3.2%)
No. of Sales 31 (-16.2%) 37 39 (-20.5%)
Pending 41 (-4.7%) 43 43 (-4.7%)
Active 90 (+15.4%) 78 69 (+30.4%)
Sale vs. List Price 101.4% (+0.3%) 101.0% 101.9% (-0.5%)
Days on Market 24 (+8.2%) 22 18 (+31.1%)
Days of Inventory 84 (+33.1%) 63 51 (+64.1%)

 

The RE Report has some info on the Los Gatos Mountains, but I do not believe it covers all of what we would have as 95033 or MLS “area 23”. You can see the mountains info market here:

Trends at a Glance for the Los Gatos Mountains

Just 7 closed sales in the mountains in July, so I would not trust the general numbers that much. Better would be checking sales in your particular part of the mountains, such as Upper Redwood Estates, Chemeketa Park, etc., to see what the market is doing.

Trends At a Glance Jul 2019 Previous Month Year-over-Year
Median Price $880,000 (-31.9%) $1,292,500 $1,155,000 (-23.8%)
Average Price $891,071 (-30.4%) $1,280,500 $1,145,940 (-22.2%)
No. of Sales (-46.2%) 13 10 (-30.0%)
Pending (-27.3%) 11 15 (-46.7%)
Active 45 (+9.8%) 41 41 (+9.8%)
Sale vs. List Price 95.6% (-2.7%) 98.2% 98.4% (-2.9%)
Days on Market 44 (+8.0%) 41 67 (-34.0%)
Days of Inventory 193 (+110.9%) 91 123 (+56.8%)

 

And the month before:

Trends At a Glance Jun 2019 Previous Month Year-over-Year
Median Price $1,292,500 (+6.8%) $1,210,000 $1,237,500 (+4.4%)
Average Price $1,280,500 (+6.1%) $1,206,420 $1,255,840 (+2.0%)
No. of Sales 13 (0.0%) 13 18 (-27.8%)
Pending 11 (-31.3%) 16 18 (-38.9%)
Active 41 (+2.5%) 40 36 (+13.9%)
Sale vs. List Price 98.2% (-1.1%) 99.3% 98.6% (-0.4%)
Days on Market 41 (-24.0%) 53 77 (-47.1%)
Days of Inventory 91 (-0.9%) 92 58 (+57.7%)

 

 

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

Prices are way up from last year, but with only 7 sales, the data could be wonky.

Trends At a Glance Jul 2019 Previous Month Year-over-Year
Median Price $1,215,000 (-9.0%) $1,335,000 $900,000 (+35.0%)
Average Price $1,310,290 (-6.8%) $1,405,360 $922,857 (+42.0%)
No. of Sales (-36.4%) 11 (0.0%)
Pending (0.0%) 6 (-25.0%)
Active 16 (-5.9%) 17 12 (+33.3%)
Sale vs. List Price 99.0% (-2.4%) 101.4% 104.5% (-5.2%)
Days on Market 23 (-30.2%) 33 13 (+79.8%)
Days of Inventory 69 (+53.0%) 45 51 (+33.3%

 

And the month before:

 

Trends At a Glance Jun 2019 Previous Month Year-over-Year
Median Price $1,335,000 (+11.3%) $1,200,000 $1,372,500 (-2.7%)
Average Price $1,405,360 (+16.2%) $1,209,730 $1,426,790 (-1.5%)
No. of Sales 11 (-15.4%) 13 14 (-21.4%)
Pending (-33.3%) 9 (-14.3%)
Active 17 (+6.3%) 16 14 (+21.4%)
Sale vs. List Price 101.4% (-1.1%) 102.5% 108.0% (-6.1%)
Days on Market 33 (+132.5%) 14 18 (+81.1%)
Days of Inventory 45 (+21.4%) 37 29 (+54.5%)

 

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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)

 

app?pai=50109450&service=chart&st=CA&cid=70&zid=335&rt=sf&ra=a&q=a&s=median price&sz=l&ts=e&theme=oldchart - Los Gatos real estate statistics and market trends

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's Valley of Heart's Delight logo

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

Selling homes in
Silicon Valley, with
special focus on
Los Gatos 

and nearby areas,
including
Monte Sereno,
Saratoga,
Campbell,
and the San Jose areas of
Cambrian and Almaden Valley

Helping Nice Folks to
Buy & Sell Homes
in Silicon Valley
since 1993

 

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