Los Gatos condo sales: what does your money buy?

Los Gatos condo sales are good to watch as it provides info on the most affordable segment of the local real estate market. The condo / townhome market in Los Gatos includes a broad spectrum of housing and affordability across the 95030 and 95032 zip codes and its various school districts.

Included are senior condominiums (mostly but not exclusively at the Los Gatos Commons), which are usually the lowest priced homes and which are residences with age restrictions (mostly 55+). This can skew the data a little, so remember that if it looks too good to be true, it probably is (for all the non-seniors who would love the prices at the Commons in a non seniors complex).

Also incorporated in the chart below are townhouses. A townhouse is an architectural style, not a type of ownership. A townhouse really refers to properties with no other units above or below them. They are either in condo style ownership (essentially a condominium in the shape of a townhouse) or they are planned unit developments (PUDs), which are not condos and in which the ownership includes the land under the unit.  (See also: Is that Los Gatos house or townhouse actually a condo? on this blog.)

Chart of Los Gatos condo sales in 2020

Below please find data on the Los Gatos 95030 and 95032 condominium and townhome sales.

 

Los Gatos condo sales in 2020 year to date

 

How do these condo and townhome prices compare to other nearby areas? Here’s the most recent data from my RE Report (link is to the main site, the PDF with this chart is listed in left column).

Read moreLos Gatos condo sales: what does your money buy?

Rinconada Hills

Rinconada Hills, which sits on the northwest side of Los Gatos, adjacent to Saratoga and Cambpell, is a resort-like community with many luxurious amenities. It is one of the few gated communities anywhere in Silicon Valley, and one of the largest in the greater San Jose area.

Built in stages between 1968 and 1981, the homes here were built by Brown & Kaufmann in 5 different sections. The campus is quite large, 107 acres (almost as big as Vasona Lake County Park) and includes 394 townhomes (see floorplans here) and 40 houses, or single family homes. Approximately 1,000 people live here (in a town of about 30,000). Most everyone in LG knows someone who lives at Rinconada Hills!

Rinconada Hills homes

 

The campus includes a remodeled clubhouse (Great Room, library alcove, commercial kitchen, lockers, showers), 10 pools (1 at the clubhouse), spa, and 3 tennis courts. The residents may utilize an extra parking lot for cars or the RV lot for boats/ trailers etc. – though there is a waiting list for that. Additonally, there are 3 ponds plus a lake,  and great views to be enjoyed while walking up the hill in the private grounds.

What are homes like at Rinconada Hills?

All of the homes, whether townhouses or single family homes, have stucco exteriors and tiled roofs, although there’s quite a bit of diversity within the areas and styles. Home sizes range from small 2 bedroom townhouses to large 3000 + SF homes on big lots with views. There’s a little bit of everything, but a typical residence might be an 1800 SF 2 story townhouse with 3 bedrooms, 2.5 baths, an attached 2 car garage. There are a few single story townhomes as well as single story houses, though.

Read moreRinconada Hills