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

Mini Market Update:The Los Gatos Real Estate Market

March 25, 2008

We won’t have the March stats (or first quarter statistics) for the Los Gatos residential real estate market for another week or two, but I wanted to provide a snapshot of the realty market to keep you updated.

As of this morning, there were 149 single family homes available (as “status 1”) for sale in the Town of Los Gatos (zip codes 95030 and 95032). There were also 28 pending sales of single family homes (so an 18.7% ratio). As before, approximately one home in five is selling right now.

Breaking it down by price point (but all areas), in the under two million dollar range, there were 86 homes available and 20 pending sale – so a 23% ratio. Homes are selling better in the more moderate price ranges. Looking lower at the up to and under $1.3 million, there were 41 for sale and 8 pending (19.5%).

Looking at just the $1 to $2 million range, there are 25 for sale and 5 pending (20%) in the Campbell Union High School District, and 41 for sale and 13 pending in the Los Gatos-Saratoga Union High School District (30.2%).

The sweet spot in today’s Los Gatos real estate market, then, is the moderately priced house “in the schools”. Any home that is nicely improved, staged, marketed, and above all priced well can sell in today’s market, though – it’s all about positioning for the current market conditions.

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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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