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, generally), 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.

Close to downtown – 95030

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East and West Los Gatos – 95032

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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

How’s the Los Gatos market? Real estate inventory and sales often slip during the second half of the year. We saw some of that throughout Silicon Valley, including in the town of Los Gatos.

A quick update on the LG single family home real estate market is below. In a nutshell, it’s softening overall, but remains a seller’s market in most segments. If we were to look at the higher end properties over $3 million, that would be between balanced and a buyer’s market. (It’s a great time to be a luxury home buyer.)

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

Trends At a Glance Nov 2018 Previous Month Year-over-Year
Median Price $2,312,500 (-5.6%) $2,450,000 $2,039,000 (+13.4%)
Average Price $2,949,780 (+7.4%) $2,747,570 $2,297,420 (+28.4%)
No. of Sales 28 (+12.0%) 25 39 (-28.2%)
Pending 31 (-16.2%) 37 26 (+19.2%)
Active 48 (-32.4%) 71 25 (+92.0%)
Sale vs. List Price 98.4% (-0.6%) 99.0% 103.4% (-4.8%)
Days on Market 51 (+15.7%) 44 40 (+26.7%)
Days of Inventory 50 (-41.6%) 85 19 (+167.4%)

 

And the month before:

 

Trends At a Glance Oct 2018 Previous Month Year-over-Year
Median Price $1,782,500 (+4.9%) $1,699,500 $1,780,000 (+0.1%)
Average Price $2,122,370 (+9.4%) $1,940,520 $1,972,980 (+7.6%)
No. of Sales 38 (+26.7%) 30 37 (+2.7%)
Pending 61 (-1.6%) 62 49 (+24.5%)
Active 115 (-2.5%) 118 76 (+51.3%)
Sale vs. List Price 100.0% (-0.5%) 100.5% 100.8% (-0.8%)
Days on Market 46 (+40.7%) 33 29 (+59.6%)
Days of Inventory 91 (-20.4%) 114 62 (+47.3%)

 

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

Like the single family home realty market, stats for the condo housing market are also softer now than a few months ago, and it appears to be moving in the direction of a buyer’s market at this time.

See the full condominium report here.

Los Gatos Condo Market Trends at a Glance

Trends At a Glance Nov 2018 Previous Month Year-over-Year
Median Price $1,005,000 (-18.6%) $1,235,000 $1,164,500 (-13.7%)
Average Price $964,800 (-14.3%) $1,126,010 $1,097,880 (-12.1%)
No. of Sales (-33.3%) 9 (-25.0%)
Pending (-33.3%) 6 11 (-63.6%)
Active 10 (-28.6%) 14 (+233.3%)
Sale vs. List Price 97.0% (-6.2%) 103.4% 107.4% (-9.6%)
Days on Market 41 (+75.7%) 23 18 (+123.1%)
Days of Inventory 48 (+3.6%) 47 11 (+344.4%)

 

And the month before:

 

Trends At a Glance Sep 2018 Previous Month Year-over-Year
Median Price $950,000 (-0.5%) $955,000 $952,500 (-0.3%)
Average Price $1,024,930 (-1.1%) $1,035,950 $963,750 (+6.3%)
No. of Sales (-36.4%) 11 (-12.5%)
Pending (+50.0%) 6 (0.0%)
Active 16 (-5.9%) 17 (+100.0%)
Sale vs. List Price 101.4% (0.0%) 101.5% 103.5% (-2.0%)
Days on Market 20 (-33.5%) 30 27 (-25.6%)
Days of Inventory 66 (+43.0%) 46 29 (+128.6%)

 

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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

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
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special focus on
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