Los Gatos Schools
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.
Same info for last November – the overall absorption rate isn’t much different now, but there are a lot few sales happening.
From mid-late June:
And from April, when the market was red hot:
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.
From last November, again, not a ton different between then and now:
If you’ve been house hunting for a turnkey property with highly regarded Los Gatos schools, you’ll be happy to hear about my newest listing at 126 Charter Oaks Circle.
This is a sunny, updated & remodeled 3 bed, 2.5 bath townhouse with approximately 1574 SF in the beautiful Charter Oaks townhome community! It is offered at $1,125,000. A turnkey property, 126 Charter Oaks Circle includes many amenities:
- dual pane windows
- engineered hardwood floors (less than 2 years old)
- newly remodeled hall bath (in 2017)
- newly remodeled master bath (in 2017)
- vaulted ceilings
- air conditioning
- recessed lights
- ceiling fans in bedrooms
- kitchen updated in late 2016 with quartz counters, tile back splash, and stainless appliances and sink.
- open concept floor plan
- private front courtyard with slate patio and double door entry
- master suite includes a deck with greenbelt view
- large powder room also accommodates laundry
- washer, dryer and fridge all stay
- 2 car garage
Easy commute location with quick access to both Highway 85 and Highway 17. Enjoy the Los Gatos Creek Trail, which is steps away, or relax at the Charter Oaks community pool.
Fantastic, highly rated Los Gatos Schools: Blossom Hill Elementary, Fisher Middle, Los Gatos High.
Open house schedule for 126 Charter Oaks Circle:
From Lark Avenue, turn north onto Charter Oaks Drive, then left onto Charter Oaks Circle. You will see the Sereno Group “for sale” sign near the garage. Please use the guest parking spaces and do not block any driveways when viewing the home.
España Oaks is a very charming, Spanish style townhome community in Los Gatos. With lovely green lawns, plenty of parking, and a pool at the heart of the complex, it is very uncrowded and inviting.
Where is España Oaks?
You’ll find this group of townhouses where Carlton Avenue and Los Gatos-Almaden Road meet in northeast Los Gatos. Although it’s very close to the border of Cambrian / San Jose, this neighborhood is part of the very highly acclaimed Los Gatos School District. The location is a breeze for shopping and commuting, too: it’s within a mile of both Hwy 17 and Hwy 85, and less than that to Trader Joes and several shops & restaurants.
What are homes like at España Oaks?
All 54 units feature a 2 story design with 3 bedrooms, 2.5 bathrooms, 1604 SF of living space and lot sizes of about 1600 SF. Each home includes a 2 car garage, a fireplace, and a balcony. These tasteful units were built beginning in 1969 and finished in 1970, but many have been remodeled extensively since then.
Other pertinent details:
- There is an HOA fee; it is currently $375 per month and is used to cover the roofs, private roads and parking, and the pool and cabaña,
- Some townhomes are PUDs and some are condominiums. The properties at España Oaks are condos.
Cost of purchasing in España Oaks
Most properties are listed for just under a million dollars and selling for $1,100,000 or more. In the last year from the date of this article, just 4 townhouses sold, and the average list price was about $976,000 and the average sale price was $1,074,000 (with the highest price commanding $1,150,000). For those of you who truly love data, the median sale price was $1,084,750 . The price will depend on the condition of the property and its exact location, among other things.
Townhomes for sale in Los Gatos (all school districts)
Looking for a neighborhood full of spacious, younger homes in a close-in Los Gatos location? Bluebird Lane should be on your list of areas to check out: if you’re lucky, one of the traditionally styled homes may even be for sale.
Built by Robson Homes between 2010 and 2012, the Bluebird Lane neighborhood is situated just off Los Gatos Boulevard near Los Gatos-Saratoga Road. It’s under a mile to the highly regarded Los Gatos schools, and only a tad more to get to downtown – an easy bike ride or stroll by foot.
Most of the homes are on Templeton Lane, but a few are on Caldwell Avenue or Los Gatos Boulevard. (This is a point of confusion: why is it called Bluebird Lane when the main street is Templeton?)
What are the homes like at Bluebird?
Think two story, traditional style with Colonial, Cape Cod, Craftsman and similar architectural themes.
There are 19 homes in the tract. One was the original, grand estate house (more on that below). Two are small with 1300-1400 SF and attached (“duet homes”), and these were designed to be more affordable. The rest are detached and much larger, with 2,960 to 3,935 square feet. The 17 larger homes feature 4-5 bedrooms, up to 5.5 baths, and some include basements and finished attics. Most of the homes are on fairly small lots of between 4500 SF and about 6000 SF. Even the main road, Templeton Lane, is narrow. This is probably the only negative: the backyards are small and the homes feel awfully close together for the size of the buildings.
Inside, the homes feature open floor plans in the living areas, spacious and well appointed kitchen, quality fixtures and touches throughout. If you appreciate elegance, you’ll love these well designed, quality homes.
Of the 19 properties in this subdivsion, only one has a tenant in it. That’s an extraordinarily high owner-occupied ratio! Continue reading
Kennedy Meadows and Kennedy Estates are adjoining upscale residential neighborhoods in east Los Gatos, both along Kennedy Road and just a little further from the downtown area than the Surrey Farm subdivision. Below, please find the approximate boundaries that I mapped out.
Kennedy Meadows is a small subdivision on Kennedy Court. It consists 10 of homes built between 1995 and 1997. The average lot size is just under a half acre, and the average home size is about 4000 SF. This is a very scenic area as the hills are nearby. Properties there sell upwards of $3 million, often $4 million (if not much, much more).
Kennedy Estates consists about two dozen large, estate quality homes primarily along Forrester Road or just off of it on Leotar Court. Most of the houses are 2 story and were built in the 1980s or 1990s, but a few are newer or older than that. There’s a broad range of home size, from 3500 SF to over 8,000 SF, but the majority of houses are between 4,000 SF and 6,000 SF. Most lots are 1-2 acres, and most are hillside (as Forrester runs at the bottom of a little valley). Because it’s a small valley, this area can get quite toasty in summer, as few of the coastal breezes make it through. These luxury properties all enjoy central air conditioning, of course. If you want to live in Kennedy Estates, you’ll probably need to budget $4 million or more to purchase a house there.
Why are Kennedy Meadows and Kennedy Estates in east Los Gatos neighborhoods so popular?
First, of course, they are not far from “town” and they enjoy the highly regarded Los Gatos Union School District Continue reading
The Charter Oaks townhome community was built in 3 phases between 1972 and 1975, and consists of 101 units on a verdant, green campus. I’m told that the builder was the highly regarded Blackwell Homes. Each townhome enjoys between 960 square feet and 1,760 sf, with the average being 1452. Most are 2 story but there are a few single story homes as well. Lot sizes are small (1,920-3,205 SF, average is 2477 SF) as there is a great deal of common, outdoors space to enjoy.
Los Gatans are drawn to Charter Oaks for many reasons. First, it offers well built homes that are thoughtfully designed in a beautiful setting. The community features include expansive greenbelt areas and a pool.
The location is a huge plus. It is located alongside the Los Gatos Creek Trail, making it an easy walking or bike commute to Netflix, a simple bike ride to Vasona or downtown Los Gatos, or a convenient route for a longer ride, jog, or stroll. To top it off, this area includes the highly regarded Los Gatos Schools and is close enough to the freeways to make commuting less stressful.
Every area has some location challenges. Because it’s close to two freeways, there’s a bit of noise from the highways but it’s not too bad. The other thing to know is that there’s just one road in and out, and trying to turn left from Charter Oaks Drive onto Lark Avenue can sometimes be frustrating as the cars just keep coming and there’s no traffic signal to help there.
Charter Oaks real estate pricing
Homes in Charter Oaks are selling for about $1,100,000 to $1,200,00 as of spring 2017. (See my listing at 126 Charter Oaks Circle here.) As with every complex, some areas will sell for more than others. In this case, because the townhomes are fairly close to highway 17, some areas have road noise and will be a little less desirable. Some will have better or lesser views, access to parking, natural light, and so on. The condition and size of the unit have an enormous impact on housing values too, of course.
Which streets are a part of Charter Oaks?
Includes streets are these: Walnut Hill Court, Charter Oaks Circle, Willow Hill Court, Cherry Hill Court, Almond Hill Court, Spruce Hill Court
SOLD IN & DAYS WITH MULTIPLE OFFERS! “SALE PENDING”
Looking for a great home in a scenic area close to both the fabulous Los Gatos public schools and downtown Los Gatos? Stop by the open house tomorrow at 100 Bella Vista Court (1-4 are the open house hours). This ideal home has everything the selective buyer is looking for! Four bedrooms, two and one half baths, incredible “Great Room” and bonus space in the attic to the tune of 572 square feet (not counted in the home’s size of 2644 SF). Offered at $2,100,000.
The Vista del Monte neighborhood is popular with Los Gatos home buyers as it offers close proximity to downtown Los Gatos (about a mile from Los Gatos High School), tree lined streets, sidewalks, and a beautiful neighborhood park. The terrain is mostly level but there are a few homes with views.
Like most of Los Gatos, there is some variation in the size of the houses and lots, but to describe the area generally, it’s fair to say that most are ranch style homes (single story, split level and 2 story homes) built in the late 1950s to mid 1960s, with some built in the late 70s. The average home size is about 2300 SF (most range between 1500 and 3000 SF) and the average lot size is about a quarter acre (many are 8000 to 10,000 SF, but a few are far larger). Most houses include attached 2 car garages, but a few of the larger homes or those built more recently offer 3 car garages.
This is a nicely maintained area where you’ll find pride of ownership in the upkeep of homes and yards.
Some facts about the Vista del Monte residential area:
Location – the Vista del Monte neighborhood is in in east Los Gatos. It is located off of Kennedy Road and Harding Avenue and is adjacent to Worcester Park.
Size & boundaries – neighborhood boundaries are not exact, but the area includes about 180 homes east of Worcester Park, between Kennedy Road and Alta Vista Avenue. Several of the streets have “Vista” as part of the name: Vista del Mar, Vista del Prado, Vista de Sierra, Vista del Campo, and of course Vista del Monte. Other included roads are Cerro Chico, Jared Lane, Worcester Loop, Worcester Lane, and Harding Avenue
Schools – Vista del Monte is in the Los Gatos Union School District.
The park – Worcester Park is an 11 acre park with 3 trails, one of which leads to a meadow with views of the hills.
Video drive-through of the Vista del Monte neighborhood
Recently I video taped some of this area while being driven through it. As we are currently in the 3rd year of a drought, you will notice that the neighborhood looks a little dry. This is true throughout Silicon Valley and California as a whole right now.
Homes for sale in and near Vista del Monte – browse by map:
What does it cost to purchase real estate in this area? It’s not cheap but the neighborhood tends to hold its value exceptionally well as it enjoys scenic beauty, close proximity to town, great Los Gatos schools and much more. Browse the findings below to get a sense of the current pricing there.
Would you like to learn more about buying a home or selling a home in this or any other part of Los Gatos? Please call or email me for a private, no obligation consultation to see if we might be able to work together to help you to achieve your real estate goals.
February 16, 2012
Los Gatos home buyers often ask the question of what the ratio is for prices of houses with “Los Gatos Schools” as opposed to those with Union or Campbell Schools. In other words, how much more costly is real estate if the property feeds to Los Gatos High School? Although there’s no tidy, easy rule of thumb that will uniformly apply, often the answer is in the 10-20% range. It can be more or less, though.
Part of the trickiness of coming up with an easy answer about the impact of the school district on home values is that there are other significant variables too. Here are a few:
- Proximity to the downtown area or other highly desireable places, such as schools, parks, shopping, restaurants or coffee shops
- Pricing tier: the easiest to compare are smaller houses on smaller lots which are about the same distance to schools, parks etc. – much harder are luxury homes because often there is a wide range of lot size, view, useability, amenities, etc.
- Home type: almost impossible to compare tract housing in the newer parts of town with the older, historic and architecturally distinctive construction in the older areas of town
Sample comparison of fairly similar home types and lot sizes in Los Gatos
All that said, today I compared sales of houses in just 95032 (since much of 95030 is close to downtown and most of 95032 is not) to remove the “walk to town” variable. I pulled up properties that hae sold in the last 120 days that were between 1200 and 2200 square feet, on lot sizes close to 8,000 SF. All were in east Los Gatos and pretty close to within a mile’s range, straddling the border of the school district boundary – so pretty equal in distance to shops, Vasona Park etc. though those “in the schools” were a little closer. Here’s what I found for this sampling of Los Gatos properties:
The houses in the Union School District which feed to Leigh High School:
- 3 sales
- Average house size = 1936 SF
- Average lot size = 7970 SF
- Average sales price = $903,367
- Median sales price = $870,000
- Average price per square foot = $474
The properties in the Los Gatos Union School District which feed to Los Gatos High School:
- 5 sales
- Average house size = 1724 SF
- Average lot size = 8392 SF
- Average sales price = $1,028,000
- Median sales price = $1,000,000
- Average price per square foot = $592
On a price per square foot basic, buying “in the schools” is about 20% more. The difference is less when comparing the median and average sales price (10% and 13%), but it needs to be understood that the home sizes are smaller by about 11% too – so it’s not just 10-13% more expensive for this sampling of properties.
How much better are the schools in one district over the other? If considering API scores, which I would not suggest using exclusively (but it is easily measured), the differences are not so great at the elementary and middle school levels. Where it’s pronounced is the high school level. Have a look – I pulled these numbers from the Santa Clara County API page for all schools in the county. There was no update for Union Middle School so I used the year prior (Dartmouth Middle is in the same school district and situation – the last year it recorded, the number was 900 exactly). I did not compare all schools, just those on the border closest to those “in the schools”.
January 14, 2009
16125 Francesca Court, Monte Sereno, CA
Sale Pending! Under Contract in 24 Days!
Recently I had the pleasure of listing one of the nicest homes I’ve seen, with a comfortable blend of old style quality craftsmanship and contemporary amenities. It will be open this weekend, and I invite you to stop by!
Some of the basic details on this lovely home:
Home size appx 2971, Lot size appx 9000. Built 1992. Offered at $1,865,000.
4 bed, 3.5 baths. Three car garage. Air Conditioned. Corner Lot. Traditional, Victorian home on the outside, but warm, classic and contemporary on the inside!
MLS # 80901346.
Quality detailing abounds in this home. Here, you’ll find clear, leaded glass windows, hardwood floors, tall & classic baseboards, elegant crown moulding, many built-ins, recessed lights, beautifully crafted mantles (3 total), and more.
The gourmet kitchen is state of the art with Thermador range, fan, oven, warming drawer and microwave oven, Kohler sinks, SubZero refrigerator, slab granite countertops, cherry cabinets and a gorgeous, oversized island, bay window, and hardwood floors. The kitchen is open to the family room and nook and offers access to the rear yard through the family room.
The master bedroom suite is breathtakingly memorable! Leaded glass windows surround the bed area and cascade colored light through the panes, which act as prisms. With a vaulted ceiling, two triple closets with organizers, a fireplace and bookshelves and media niche too, there’s nothing lacking in this remarkable room!
The master bath is recently remodeled and includes a large steam shower, vanity with double sinks, many built in cabinets, a high ceiling with mouldings and a skylight or sun tunnel to bring light in all day long.
There’s much more! Please visit www.16125FrancescaCourt.com for more information. See the slideshow. Visit the virtual tour. Pull up more pics!
Close to downtown Los Gatos. Los Gatos Schools.
Links for more information:
More details at www.16125FrancescaCourt.com
Link to Virtual Tour of 16125 Francesca Court (with music)
Open house notes: I will be holding it open on Saturday Jan 31st 2009 from 1:30 to 4pm, and Sunday, Feb 1st, 1:30 – 4pm, a colleague of mine will be holding it open. Please stop by!