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

95030

Average & median sale prices in Los Gatos

My RE Report stats come out between the 5th and the 10th of each month, but I like to get a sneak peak, so crunch my own numbers some of the time. Today I wanted a window into Los Gatos real estate pricing. First, here are the average and median sale prices for the Los Gatos market in the two “in town” zip codes of 95030 and 95032 (for single family homes):

2019-5-2 Los Gatos 95030, 95032 average and median sale prices

Next, the Los Gatos Mountains (MLS area 23, zip code 95033):

2019-5-2 Los Gatos 95033 average and median sale prices

Additional market info to follow in just a few days!

Critically Low Inventory of Homes for Sale in Los Gatos

The inventory of single family homes for sale in Los Gatos 95030, 95032, and 95033 (the mountains) has not been lower in recent memory. This morning I pulled the data and saw that we now have a critically low inventory of homes for sale in Los Gatos. Here are the numbers so that you can see what a more typical month in the Gem City of the Foothills looks like.

Housing Inventory Los Gatos 95030 95032 95033 single family homes for sale Jan 2002 - April 2019

Of that low inventory of just 66 homes, which part of Los Gatos are they in?

Los Gatos 95030 (MLS area 16, excluding Monte Sereno) – 16 single family homes for sale

Los Gatos 95032 (MLS area 16, excluding Monte Sereno) – 34 single family homes for sale

Los Gatos Mountains 95033 (MLS area 23) – 13 single family homes for sale

PLUS one in the Morgan Hill / Gilroy area of the Los Gatos Mountains (MLS area 1) and 2 in the Saratoga area (MLS area 17)

Continue reading

Los Gatos real estate market trends by price point and high school district

There are many factors impacting the Los Gatos real estate market, including the price point and the elementary or high school district. This post is updated every month or two. Today we’ll look at the Los Gatos realty market by pricing tiers and high school district using the months of inventory as a data point. The months of inventory, or MOI, is the currently active (for sale, no contract or pending sale) homes for sale divided by the number of homes using the same criteria which have closed escrow in the last 30 days.

These numbers were run today using MLSListings.com and it’s possible that a few more homes will be recorded as closed sales or new homes added to the market after I ran these numbers. One other disclaimer: sometimes the number of closed sales is very low or is at 0. This can be for many reasons. In some cases, there are a few which are sale pending and simply haven’t closed recently. In other cases, the market might actually be empty in those tiers, indicating a possible lack of demand or inventory. That being said, what do the numbers say?

Los Gatos real estate months of inventory in 95030 and 95032 combined

The overall MOI for the town as a whole with 95030 and 95032 zip codes shows a slightly weakening market, likely in what is a typical seasonal pattern. It is a bit of a mixed market when looking at the town as a whole, but less so when viewed by high school district or price point. February is often a time when markets heat up considerably.  We’ll see when the month is over, but already in many parts of Santa Clara County, the real estate market is returning to seasonal patterns with some very hot pockets.

2019-2-12 Los Gatos Months of Inventory 1 - 95030 95032

Same info for last November – the overall absorption rate isn’t much different now, but there are a lot few sales happening.

Los Gatos 95030 and 95032

From mid-late June:

Los Gatos 95030 95032 months of inventory June 20 2018

And from April, when the market was red hot:

2a - Los Gatos real estate market trends by price point and high school district

The real estate market for homes with the Los Gatos – Saratoga Joint Union High School District only

Now let’s view just the homes which are in the Los Gatos – Saratoga Joint Union High School District (or homes “in the schools” as locals say).Houses for sale with Los Gatos schools tend to be more pricey than those in neighboring school districts. This isn’t just the schools, but is also a function of being closer to downtown Los Gatos. The lowest priced homes in this area are seldom listed for less than $1 million.

 

2019-2-12 Los Gatos Months of Inventory 2 - LGSUHSD

From last November, again, not a ton different between then and now:

Los Gatos 95030 95032 LG Schools

Continue reading

What do we expect for the 2019 real estate market in Los Gatos?

What do we expect for the 2019 real estate market?

It’s all about supply and demand. Right now, demand is decent and supply is low. Here’s a look at the inventory of single family homes for sale in recent years by month, first in town and then for the county.

Inventory of single family homes for sale in Los Gatos 95030 & 95032 from Jan 2012 – Jan 2019:

Inventory of homes for sale in Los Gatos 95030 and 95032

In town (not including the Los Gatos mountains area), Los Gatos has extremely low inventory.  I ran the numbers and this is lower than any other January since 2002, the longest back that the MLS will let me go. Locally, that bodes well for those looking to sell in Los Gatos. (Currently there are NO homes for sale in the Belwood, Belgatos, Surmont, or nearby areas of LG.)

What about the broader area?  Most of the county has looser inventory than we do in LG. Have a look:

Inventory of single family homes for sale in Santa Clara County Jan 2012 – Jan 2019:

Santa Clara County inventory of single family homes for sale as of Jan 1 2019

I think it is really important to view this month’s inventory for the county not just in relation to January 2018 (“inventory is up 8% from last year, oh no!”) but in the context of all the recent years since we’ve been in recovery from the Great Recession. Yes, inventory IS up from last year for Santa Clara County, when the first 6 months of 2018 saw prices shooting up like a geyser due to highly restricted inventory and ongoing demand. Most of 2017 and early 2018 were off-the-charts into overdrive. From early 2012 through 2016, we had a market that was appreciating at a good pace – too fast for some buyers, who opted to become permanent renters rather than to participate. Current inventory levels are very low relative to 2012 and later.

A return of some of the normal patterns?

Inventory Los Gatos Jan 2016 to Jan 2019 chart Inventory Los Gatos 95030 & 95032 2016-2019

Inventory tends to rise throughout the first half of the year, so I am expecting that to happen again in 2019. To the left, see a chart displaying the inventory of homes for sale in Los Gatos 95030 & 95032 from Jan 2016 to today. This is a pattern we usually see – though of course, it’s not a rule, and it can change.

Prices also tend to rise in the early part of the new year as inventory does not keep pace with demand, and I see no reason why that would not happen again.

Equally important is to understand that in the 2nd half of any given year, prices often soften. Home sellers sometimes believe that “summer is the right time to sell”, so get their homes on the market then. But activity from buyers slackens after the spring buying season, so in many years, inventory is higher than demand – so prices level off or even decline.

In 2018, prices in LG and the county did decline dramatically from the spring peaks, perhaps in the 12-15% range, generally.

Economists tell us that they expect the first half of 2019 to be decent to good, but not as wild a ride as early 2018. (Milder appreciation, 3-5%?)  Some believe that the second half of 2019 will be much softer. A real estate correction is expected sometime between now and 2-3 years from  now. We do believe that locally, in Silicon Valley, we are at or near the top of this real estate cycle.  For those wishing to sell and move out of the area, 2019 could be a good year in which to do that. It’s impossible to pinpoint the exact top or bottom of the market, though. That is something we only know when it’s passed, just like with the stock market.

 

Related reading:

Silicon Valley real estate market reports (updated the 5th-10th of each month)

Altos weekly market report for Los Gatos 95032

Altos weekly market report for Los Gatos 95030

Altos weekly market report for the Los Gatos Mountains, 95033

Los Gatos and Monte Sereno Homes Over $2,000,000

 

View Los Gatos homes for sale from $2 million and up. (All zip codes: 95030, 95032, 95033.) First, browse by map:

Or view a list – this displays homes most recently put on the market first.

  • List View
  • Map View
  • Grid View

See all Real estate matching your search.
(all data current as of 8/25/2019)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

Interested in buying a luxury or high end home in Los Gatos? Please contact me for a private, no obligation consultation.

Los Gatos Real Estate Update by Zip Code

The Los Gatos real estate market varies by zip code, school district, neighborhood and price point. Today we’ll view it by zip code (95030, 95032 and 95033 – the latter is the Los Gatos Mountains area and is not part of the “town” but has a Los Gatos mailing address and is generally considered Los Gatos if not properly or officially part of the town).

1.)  First, let’s look at single family homes and some key stats (coming from Altos Research and will be updated weekly):

the median list price of single family homes in these 3 zip codes in Los Gatos plus the city of Monte Sereno, the total inventory of homes for sale in Los Gatos by zip code, homes absorbed, average list price, price per square foot, median lot size, average age, nad more.

Los Gatos 95030 real estate market data:

90-day stats for Single Family properties in
LOS GATOS, CA 95030 as of August 23, 2019
Median List Price:$3,377,000Average List Price:$4,030,407
Total Inventory:32Price per Square Foot:$1,073
Average Home Size:3,625Median Lot Size:35,743
Average # Beds:4.34Average # Baths:3.89
Homes Absorbed:3Newly Listed:3
Days on Market:77Average Age:54

 

Los Gatos 95032 real estate market statistic:

90-day stats for Single Family properties in
LOS GATOS, CA 95032 as of August 23, 2019
Median List Price:$2,515,231Average List Price:$3,254,373
Total Inventory:44Price per Square Foot:$880
Average Home Size:2,743Median Lot Size:12,118
Average # Beds:4.07Average # Baths:3.41
Homes Absorbed:5Newly Listed:5
Days on Market:80Average Age:47

 

Los Gatos Mountains (not “in town”) 95033 housing market information:

90-day stats for Single Family properties in
LOS GATOS, CA 95033 as of August 23, 2019
Median List Price:$1,656,529Average List Price:$1,947,058
Total Inventory:44Price per Square Foot:$591
Average Home Size:2,917Median Lot Size:126,715
Average # Beds:3.85Average # Baths:3.14
Homes Absorbed:3Newly Listed:3
Days on Market:94Average Age:41

 

Monte Sereno – not a part of Los Gatos but shares many services, so they are often intertwined:

90-day stats for Single Family properties in
MONTE SERENO, CA 95030 as of August 23, 2019
Median List Price:$3,661,615Average List Price:$3,832,542
Total Inventory:44Price per Square Foot:$1,027
Average Home Size:3,695Median Lot Size:36,976
Average # Beds:4.29Average # Baths:4.04
Homes Absorbed:3Newly Listed:6
Days on Market:40Average Age:54

 

2) Next, let’s see how some of these real estate statistic look compared to recent months – below please find the MEDIAN LIST PRICE (not sale price) of homes by zip code, separated out by pricing quartile:

95030 is mostly Los Gatos, but some homes will be in Monte Sereno

app?pai=50109450&service=chart&st=CA&cid=70&zid=333&rt=sf&ra=a&q=t%2Cu%2Cl%2Cb&s=median price&sz=l&ts=e&theme=newchart - Los Gatos Real Estate Update by Zip Code

95032 is 99% Los Gatos and 1% or so Monte Sereno

app?pai=50109450&service=chart&st=CA&cid=70&zid=334&rt=sf&ra=a&q=t%2Cu%2Cl%2Cb&s=median price&sz=l&ts=e&theme=newchart - Los Gatos Real Estate Update by Zip Code

The Los Gatos Mountains area – 95033 (more remote and usually far, far more affordable than the town of Los Gatos)

app?pai=50109450&service=chart&st=CA&cid=70&zid=335&rt=sf&ra=a&q=t%2Cu%2Cl%2Cb&s=median price&sz=l&ts=e&theme=newchart - Los Gatos Real Estate Update by Zip Code

 

 

To see what’s happening with the Los Gatos real estate market via the “solds” please visit my real estate report and view the latest market date & trends for houses in Los Gatos or houses in the Los Gatos mountain communities as well as the condo and townhouse market in the town of Los Gatos.  Additionally, you can check what has sold anywhere in Los Gatos or Santa Clara County generally as long as it was on the multiple listing service!

Los Gatos Luxury Home Market

The Luxury Home Real Estate Market in Los Gatos & Monte Sereno: today I crunched the numbers from MLS Listings to get the absorption rate or months of inventory for estate properties over $2,000,000 in Los Gatos 95030, Los Gatos 95032, Monte Sereno (both 95030 & 95032), and the Los Gatos Mountains 95033.   Monte Sereno is a red hot market for estate properties, while the Los Gatos Mountain areas are not moving a lot of super expensive properties.  Have a look below.

Los Gatos area luxury market

Next we’ll look at live charts from Altos Research (to which I have a subscription)

List prices of homes for sale in the topmost price quartile in Los Gatos, Monte Sereno and the Los Gatos Mountains

Real Estate Market Chart by Altos Research www.altosresearch.comContinue reading

Where can you find a blue USPS mailbox in Los Gatos or Monte Sereno?

USPS Mail boxes in Los Gatos and Monte Sereno CAHave you ever needed to mail something but just did not have the time to run to the main post office? Sometimes those blue United States Postal Service mailboxes are just the thing you need. But try finding one if you are stressed or in a hurry and cannot think straight!

Websites and apps to locate a USPS collection box

Available for both iPhone and Android smart phones, Mail Box Locator is a free app which will assist you in discovering the box in closest proximity to you. (Find it on iTunes or Google Play.) Ont the Google Play site, it’s given about 3 1/2 stars out of five. Regular websites may be preferable.

Browsing the web, are a few sites for finding the nearest blue collection box. One is Mailbox Map. Something cool about Mailbox Map is that it allows users to add maps, which should help to keep it current. (Though I believe it’s more likely for boxes to be removed than added with current budget constraints.) Mailbox Map uses cute mini blue box icons for its markers – see image below.

mailbox map

I found another site, also not affiliated with the USPS, which offers a couple of ways of locating those blue collection boxes – by list or by geo mash up map. (Apparently the website began as a way of finding public pay phones, but it covers these ubiquitous blue boxes as well). They do, of course, include the actual post office locations as well. What the maps and lists don’t do is combine zip codes. Sometimes you’re on the border of two zip codes and it would be ideal to simply put in your own address and see what’s nearby rather than searching only by zip.

Below are links to that information by our three Los Gatos and Monte Sereno area zip codes, 95030, 95032, 95033.

95030
list: http://www.payphone-project.com/mailboxes/zip_codes/9/95030.html
map: http://www.payphone-project.com/mailboxes/zip_codes/maps/9/95030.html

95032
list: http://www.payphone-project.com/mailboxes/zip_codes/9/95032.html
map: http://www.payphone-project.com/mailboxes/zip_codes/maps/9/95032.html

95033
list: http://www.payphone-project.com/mailboxes/zip_codes/9/95033.html
map: http://www.payphone-project.com/mailboxes/zip_codes/maps/9/95033.html

How’s The Los Gatos Real Estate Market Doing Now?

March 06, 2013

The market is heating up in Los Gatos as of about 4 weeks ago with new sales commenced.  These will not be reflected in the closed sales until early March, so please take the ‘solds’ info below with a grain of salt and keep the changed market conditions in mind!

Below please find the statistics and numbers for house sales in the town of Los Gatos (95030 and 95032), including county pockets, which closed in the month of February 2013. The median price is down both month over month and also year over year.  It has been softer in Los Gatos than in many Silicon Valley communities right now.

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $1,435,000 $1,555,000 (-7.7%) $1,442,500 (-0.5%)
Average Price $1,506,570 $1,704,850 (-11.6%) $2,320,030 (-35.1%)
No. of Sales 19 13 (+46.2%) 16 (+18.8%)
Pending Properties 36 18 (+100.0%) 48 (-25.0%)
Foreclosures Sold 0 0 (N/A) 1 (-100.0%)
Short Sales Sold 2 0 (N/A) 1 (+100.0%)
Active Listings 60 52 (+15.4%) 86 (-30.2%)
Active Foreclosures 1 0 (N/A) 2 (-50.0%)
Active Short Sales 1 0 (N/A) 10 (-90.0%)
Sales Price vs. List Price 97.4% 99.4% (-2.0%) 94.8% (+2.7%)
Days on Market 88 34 (+160.7%) 70 (+25.3%)

Inventory is low all over – and Los Gatos is no exception, though inventory did go up a bit countywide from January 2013 to Feb 2013.  How bad is it? Off 30% from a year ago (and inventory was low then: Feb 2012 was 86, Feb 2011 was 132 available houses).

Days on market: The figure for February of 88 days on market for sold properties reflects the DOM of houses that closed in February and most likely went into contract in January, or possibly December – both of which were “cooler” times than the shift we saw take place in early February 2013.

How long have the currently available single family homes in LG been on the market?

As of this moment, in 95030 and 95032 combined there are just 76 single family homes for sale. Most haven’t been on all that long, in fact, appx 64% or 2/3 have been on the market for 60 days or less, and exactly half of the available inventory has been on the market for 1 month or less.  Let’s see the breakdown in one-month increments of the number of homes in each time bracket.:

0 – 30 days:   38 homes
31 – 60 days:  11
61 – 90 days:   4
91 – 120 days:  4
121 – 150 days: 2
151-180 days: 9
181-210 days: 1
211-240 days: 1
241-270 days: 0
271-300 days: 1
301-330 days: 1
331-365 days: 1
366 + days: 3  (oldest one almost 1500 DOM)

How long were the under contract single family homes in LG on the market?

I won’t repeat this level of detail for the Los Gatos houses which are sale pending or under contract (real estate agents: status 3 & 4), but the average days on market for those 17  pending properties is 26 and of these, only 2 were more than 30 days (1 sold with 49 DOM and another 191 DOM).  In other words, when homes sell now, they are selling faster than the DOM from the closed sales in February would reveal.  This will show up in March’s statistics next month.

Are there multiple offers in Los Gatos, and overbids?

Yes, there are some of each.  I did a spot check of the sales for the last 7 days and the last 14 days and in both cases, the average sales price was higher than the average list price.  For the last 7 days, there were 8 closed sales, 4 above list, 1 at list price and 3 below.)

Los Gatos condominium & townhouse sales (click on link for more info)

Dramatic improvement in the median and average sales price of condos and townhomes in town year over year as well as from the prior month.

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $787,500 $649,000 (+21.3%) $601,000 (+31.0%)
Average Price $708,900 $659,286 (+7.5%) $562,675 (+26.0%)
No. of Sales 10 7 (+42.9%) 8 (+25.0%)
Pending Properties 9 11 (-18.2%) 19 (-52.6%)
Foreclosures Sold 0 0 (N/A)< /span> 2 (-100.0%)
Short Sales Sold 0 0 (N/A) 1 (-100.0%)
Active Listings 9 6 (+50.0%) 24 (-62.5%)
Active Foreclosures 0 0 (N/A) 0 (N/A)
Active Short Sales 0 0 (N/A) 3 (-100.0%)
Sales Price vs. List Price 100.9% 102.1% (-1.2%) 96.1% (+5.0%)
Days on Market 10 18 (-43.9%) 63 (-83.9%)

 

The Monte Sereno real estate market

Monte Sereno houses (no condos in MS) – primarily 95030 but a smattering of 95032 also.  There are so few homes in Monte Sereno (just 4,000 residents) that the sales numbers are very easily skewed.  Disclaimers aside, here are the Monte Sereno market stats:

Trends At a Glance Feb 2013 Previous Month Year-over Year
Median Price $1,600,000 $1,813,000 (-11.7%) $0 (N/A)
Average Price $1,600,000 $2,032,670 (-21.3%) $0 (N/A)
No. of Sales 1 3 (-66.7%) 0 (N/A)
Pending Properties 7 2 (+250.0%) 0 (N/A)
Foreclosures Sold 0 1 (-100.0%) 0 (N/A)
Short Sales Sold 0 0 (N/A) 0 (N/A)
Active Listings 9 6 (+50.0%) 0 (N/A)
Active Foreclosures 0 0 (N/A) (N/A)
Active Short Sales 0 0 (N/A) (N/A)
Sales Price vs. List Price 94.2% 112.0% (-15.9%) 0.0% (N/A)
Days on Market 15 42 (-64.3%) 0 (N/A)

 

 The Los Gatos Mountains real estate market trends and statistics – 95033 – houses, no condos or townhouses only – NO HOMES SOLD/CLOSED in Feb 2013, so no charts to share!

A more affordable, but beautiful, place to live is in the coastal foothills over the town of Los Gatos.  The communities there are closely affiliated with the town of Los Gatos, if distinct!  This area is always tougher to sell, and slower to appreciate. Prices here aren’t much better, and possibly worse off (depending on the area, price point etc.), than a year ago.

Altos Live Charts for Los Gatos 95030 and 95032 plus Los Gatos Mountains 95033 and Monte Sereno Real Estate

Next please enjoy the live Altos charts, which are updated automatically each week – each segment is a little different than the others (and the reports would be more diverse still if we broke these down further, by price quartile – – sign up below if you want these delivered to you via email each week).

As you can see, pricing is stronger in 95030 than in 95032.  This may be due to the schools (only a little of 95030 is in the Campbell Union High School District, but a larger portion of 95032 is).  The strong Los Gatos schools are a major driver of desireability – but not the only one.  Many people want to have the “walk to town” element, even if their kids are in private schools.

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com

Real Estate Market Chart by Altos Research www.altosresearch.com


 

Los Gatos real estate market for May 30, 2012

May 30, 2012

Months of Inventory for the Los Gatos Real Estate Market by School District and Price Point

 The Los Gatos real estate market is “hot” overall – but not equally, and certainly not in all areas or price points!  Yesterday I crunched the numbers from my MLS to provide for you the absorption reate or months of inventory.  This figure is calculated by getting the count of active listings (not under contract – some statisticians include pending sales as well) and the sales closed in the last month and dividing them.  If there are 3 homes for sale and 1 closed in the last month, you have 3 months of inventory.  What this means is simple: if no new inventory came on the market, how long, at the current rate of sales, would it be for buyers to “absorb” the current supply of inventory?  The shorter it is, the hotter the market. Five or six months is balanced.

Group One: The more affordable homes in 95030 and 95032 in Los Gatos – up to $2 million. Where it says “infinite”, that means that homes are for sale but none sold/closed escrow in thel last 30 days.  Where it says N/A, no homes for sale or sold. Have a look:

Los Gatos, CA real estate market - absorption rate for houses for sales up to $2 million as of May 30, 2012  - Mary Pope-Handy, Realtor, Sereno Group, Los Gatos

What’s hot? Up to the $1.5 million point, everything in LG is hot!  The cooling starts at $1.5 mil in the part of down with Campbell or Union Schools.  For houses “in the schools”, the market remains strong up to the $2 million mark, where it changes dramatically.

How are things for the over $2,000,000 point?

Los Gatos real estate market absorption rate for houses over $2 million May 30, 2012 - Mary Pope-Handy, Sereno Group, Los Gatos.

Over $2 million, it’s anywhere from a balanced market to impossible to sell for Los Gatos houses on the market. Homes over $2 million are tough to sell if they don’t feed to Los Gatos High School.  But even properties which have LGHS as the school of attendance are challenged to sell in the upper pricing tiers.

 

Los Gatos Real Estate Report for April 2012 Sales

Prices are up for Los Gatos real estate sales! (Click on link for full data from my Los Gatos Real Estate Report.)

Below please find the statistics and numbers for house sales in the town of Los Gatos (95030 and 95032) which closed in the month of April.   Things are looking up!

 

Trends At a Glance Apr 2012 Previous Month Year-over Year
Median Price $1,350,000 $1,260,500 (+7.1%) $1,344,000 (+0.4%)
Average Price $1,431,940 $1,405,640 (+1.9%) $1,479,120 (-3.2%)
No. of Sales 39 38 (+2.6%) 30 (+30.0%)
Pending Properties 54 53 (+1.9%) 47 (+14.9%)
Foreclosures Sold 3 2 (+50.0%) 0 (N/A)
Short Sales Sold 3 1 (+200.0%) 1 (+200.0%)
Active Listings 78 88 (-11.4%) 50 (+56.0%)
Sales Price vs. List Price 99.6% 100.1% (-0.6%) 96.7% (+2.9%)
Days on Market 36 35 (+2.4%) 61 (-41.3%)

Los Gatos condominium & townhouse sales (click on link for more info)

Improvement month over month, but year over year the numbers are still down. 

Trends At a Glance Apr 2012 Previous Month Year-over Year
Median Price $616,000 $565,000 (+9.0%) $715,000 (-13.8%)
Average Price $596,557 $590,294 (+1.1%) $768,500 (-22.4%)
No. of Sales 11 17 (-35.3%) 5 (+120.0%)
Pending Properties 21 15 (+40.0%) 13 (+61.5%)
Foreclosures Sold 2 2 (0.0%) 1 (+100.0%)
Short Sales Sold 1 2 (-50.0%) 0 (N/A)
Active Listings 11 20 (-45.0%) 40 (-72.5%)
Sales Price vs. List Price 98.1% 96.8% (+1.3%) 97.4% (+0.7%)
Days on Market 63 78 (-19.3%) 108 (-41.6%)

The Los Gatos Mountains 

Softer prices prevail in the mountains….

Trends At a Glance Apr 2012 Previous Month Year-over Year
Median Price $662,500 $678,000 (-2.3%) $715,000 (-7.3%)
Average Price $589,750 $651,484 (-9.5%) $683,750 (-13.7%)
No. of Sales 4 8 (-50.0%) 4 (0.0%)
Pending Properties 16 8 (+100.0%) 7 (+128.6%)
Foreclosures Sold 0 1 (-100.0%) 0 (N/A)
Short Sales Sold 0 1 (-100.0%) 0 (N/A)
Active Listings 31 32 (-3.1%) 21 (+47.6%)
Sales Price vs. List Price 91.6% 99.6% (-8.1%) 93.6% (-2.1%)
Days on Market 190 90 (+112.0%) 144 (+32.2%)

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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
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and nearby areas,
including
Monte Sereno,
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and the San Jose areas of
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