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
What’s selling right now in Los Gatos? The Los Gatos real estate market tends to have warmer and cooler pockets. (Please also see The Real Estate Market Trends in Los Gatos .) At the moment, almost anything listed for saleunder $2 million in Los Gatos 95030 and 95032, as long as it’s appropriately priced, staged, and marketed, is selling in under a month – and about half of those that sell do so in about 10 days. The Los Gatos luxury home market is not quite so on fire, though. As the price rises, so does the “days on market”.
Here’s a quick view of the 95030 median list price by quartile (4 pricing tiers). All levels have had some movement, but it’s most dramatic in the highest priced homes.
Next, let’s check out Los Gatos 95032, also for the median list price of houses for sale – same situation here with the most irregular movements happening in the top part of the pricing segments.
“The Silicon Valley cities of Saratoga, Los Gatos and Cupertino were once again among the top the 10 cities with the highest median home prices in California during November 2010. Saratoga had a median home price of $1,235,000; Los Gatos, $850,000; and Cupertino, $850,000.”
It is no surprise that these Silicon Valley areas are among the most expensive in the Golden State. Each area has a good number of luxury homes and estates.
Want more info? To check the most current median list price, average list price & other real estate market numbers and trends, please visit my Real Estate Report, which has this data for Los Gatos, Monte Sereno, the Los Gatos Mountains, and all the cities in Santa Clara County plus San Jose as a whole and by area such as Cambrian Park or Almaden Valley. www.popehandy.rereport.com