As of today, March 7, 2023, the Los Gatos real estate market in 95030 & 95032 is showing signs of cooling. That said, some homes are still selling fast and with multiple offers and overbids. .
Los Gatos real estate market statistics
Here is some Los Gatos real estate market data that I pulled directly from the MLS today.
Numbers of homes sold
Normally we don’t share the stats on how many houses are selling each month, but it’s so terribly low that I thought it would be good to point this out. In February, just 10 houses sold. Check out the sales for the same month from 2017 on and you can see how abnormally low it is.
Below we’ll display the 10 most recent listings in each Los Gatos zip code, and below the list of ten there’s a link to see all Los Gatos homes for sale currently viewable here.
The area can be a little confusing, so we want to provide some info to make your search smoother.
A primer on Los Gatos areas & impact on Los Gatos homes for sale:
Major factors on home values include these:
proximity to downtown
home size, numbers of beds & baths, condition
lot size, usability, especially backyard functionality right now (entertaining in the age of Covid)
Los Gatos 95030 and 95032 are “in town” with a few county pockets in the town area. The in town area stretches from the far west, which borders Saratoga and Campbell, to the far east, which meets up with San Jose’s Almaden and Cambrian areas.
Incorporated, unincorporated, in town, in the mountains
There are about 10 square miles of what is incorporated Los Gatos. Over time, many of the unincorporated pockets in these two zip codes are becoming incorporated.
Most of the Los Gatos Mountains area with the 95033 zip code are not part of “the town”, though the mailing address looks the same.
The school districts do not follow incorporation, nor do they follow the zip code boundaries – all of that is a bit messy.
Some neighborhoods are both near downtown and include the historic district label. Some home buyers will deeply appreciate historic homes and historic districts.
Los Gatos homes for sale: in town, 95030
Los Gatos CA 95030 is the downtown and nearby area. Please note that most of Monte Sereno is also in the same zip code. If you just search by zip code, you’ll have results from the town of Los Gatos and the city of Monte Sereno. Most of 95030 is in the Los Gatos Union School District and the Los Gatos Saratoga Joint High School District. The Los Gatos Monte Sereno area can somewhat blur together, but homes in Monte Sereno will generally be more pricey.
Heritage Grove is a younger east Los Gatos neighborhood which was developed by Summerhill Homes, a very highly regarded builder in Silicon Valley, in about the year 2000. It sits between the beautiful Heintz Open Space Preserve (with trails to nearby Belgatos Park and other open space) and a mini orchard along Blossom Hill Road between Union and Leigh Avenues. Recently I videotaped the community and think it’s a pretty good introduction to the neighborhood.
A few years back, I wrote about this area extensively, and included a map and slideshow, on another of my blogs (SanJoseRealEstateLosGatosHomes.com). If you’d like more real estate information on the homes there, or the open space trails, please continue to learn more here:
The Town of Los Gatos is home to many lovely neighborhoods with historic homes (Broadway Area Historic District, Fairview Plaza and others), but perhaps none is so quaint or popular as the Almond Grove neighborhood. (See video drive through this neighborhood near the bottom of this article.)
Location, location, location: the Almond Grove’s got it
The location itself could be very compelling alone as the Almond Grove neighborhood is as much “in town” as “walk to town” with so many activities and opportunities happening along North Santa Cruz Avenue, Main Street and University Avenue – all a stone’s throw away. Quite vibrant, downtown Los Gatos enjoys an inordinate amount of restaurants, shops, coffee houses, bars, places to dine , taste wine, stroll or take in a film. It’s also home to free musical concerts in the summer, a parade in December, a gorgeous new public library, a Farmer’s Market every weekend and many other events year round. Finally, the Almond Grove is set near two parks, Bachman Park and the Los Gatos Town Plaza, so there’s a good amount of open space nearby too. There’s something for everyone!
Traditionally designed neighborhood with good community results
The allure of the Almond Grove is more than convenience, though. There’s an old time friendliness that seems to come with the big, welcoming front porches on so many of the older houses. Dwellings are also set closer together than one might find in suburbia, too. Rather than live so much in the privacy of the backyard, there’s an invitation implicit with this combination of close neighbors and a front porch that seems to underscore that residents are part of the neighborhood community and a bit less secluded.
The Almond Grove displays that sense of community from October to January especially, when it steps out as the best decorated corner of Los Gatos with a huge percentage of participation in the effort. Halloween is a great example. People’s enthusiasm is evident in by the beginning of October as props come out for the spookiest day of the year. Sometimes even in September, “Land of the Giant” sized spiders begin to appear, life-sized ghosts start to swing from porches and trees, the normally tidy and trim picket fences become smudged with spider webs, and every manner of Halloween decor drapes the district. On Halloween night, the Almond Grove district becomes positively overrun with enthusiastic kids from all over Los Gatos. I’ve been told that some homes get as many as 1,000 trick-or-treaters on Halloween night there. (more…)
Map of the Blossom Hill Manor neighborhood of Los Gatos (east Los Gatos)
The Blossom Hill Manor (aka “the Manor” or “Blossom Manor”) is a highly sought after neighborhood with its close proximity to the well regarded Los Gatos schools, parks, shops, grocery stores and major transit routes. Homes there are nicely maintained, many streets are tree-lined and there’s a good amount of community spirit and involvement in this close-in, walkable area. Explore the area more using my Google Map of Blossom Manor, or take a video drive-through of the neighborhood at my other post, The Blossom Manor neighborhood of Los Gatos.
In this posting, we’ll discuss the Blossom Manor real estate market. The real estate market in Los Gatos has been on fire like the rest of the Bay Area over the last few years, but there’s a great deal of variation from one area, price point, school district, age and condition of home to the next. As you can imagine, the “fixer” market is very different from the luxury market.
So far in 2019, there have been 15 closed sales in The Manor. A few quick stats on those sales:
Average list price $2,150,343
Average sale price $2,207,518 (103% of list price)
Median sale price $2,060,000
Least expensive list price $1,589,000
Lease expensive sale price $1,775,000
Most expensive list price $2,749,000
Most expensive sale price $2,790,000
Average price per SF $1,114.61
Average days on market 16
Average living space 2046 SF
Average lot size 9,431 SF
Average age of the home 61 years
Of these 15 sales, 9 were over list price, 1 was exactly at list price (an off market sale – the only one not exposed publicly before selling), and the rest sold under list price. (more…)
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