sale price to list price ratio
The Los Gatos real estate market for single family homes is balanced as a whole, but any particular home does not generally line up with what’s average. A particular home’s market will be impacted by things such as the pricing tier (the luxury market is a colder market, generally), the school district, condition of the property, etc.
First, here’s a glance at the Altos Research profiles by the Los Gatos zip codes: 95030 and 95032 are “in town” and 95033 is in the Los Gatos Mountains. The last profile refers to the averages of all 3 zip codes.
Los Gatos real estate statistics and trends from the RE Report
How’s the Los Gatos market? Real estate inventory and sales often slip during the second half of the year. We saw some of that throughout Silicon Valley, including in the town of Los Gatos.
A quick update on the LG single family home real estate market is below. In a nutshell, it’s softening overall, but remains a seller’s market in most segments. If we were to look at the higher end properties over $3 million, that would be between balanced and a buyer’s market. (It’s a great time to be a luxury home buyer.)
- inventory is up both month over month and year over year
- number of sales is down (from last month and also last year)
- the median sale prices are slipping a little (month over month AND year over year)
- the average sale prices are down from last month from a year ago
- while still a seller’s market, the trend is clear – it is weakening – if it continues, we will be in a buyer’s market in a few months
The real estate numbers below reflect realty data gathered the first week of the month for the past month in Los Gatos 95030 & 95032, or MLS “area 16”. See the full REReport here.
Los Gatos Trends at a Glance for 95030 & 95032
|Trends At a Glance||Oct 2018||Previous Month||Year-over-Year|
|Median Price||$1,782,500 (+4.9%)||$1,699,500||$1,780,000 (+0.1%)|
|Average Price||$2,122,370 (+9.4%)||$1,940,520||$1,972,980 (+7.6%)|
|No. of Sales||38 (+26.7%)||30||37 (+2.7%)|
|Pending||61 (-1.6%)||62||49 (+24.5%)|
|Active||115 (-2.5%)||118||76 (+51.3%)|
|Sale vs. List Price||100.0% (-0.5%)||100.5%||100.8% (-0.8%)|
|Days on Market||46 (+40.7%)||33||29 (+59.6%)|
|Days of Inventory||91 (-20.4%)||114||62 (+47.3%)|
And the month before:
|Trends At a Glance||Sep 2018||Previous Month||Year-over-Year|
|Median Price||$2,000,000 (-10.3%)||$2,230,000||$2,384,000 (-16.1%)|
|Average Price||$2,417,500 (-10.4%)||$2,699,150||$2,567,270 (-5.8%)|
|No. of Sales||25 (-7.4%)||27||44 (-43.2%)|
|Pending||42 (+10.5%)||38||39 (+7.7%)|
|Active||62 (+1.6%)||61||47 (+31.9%)|
|Sale vs. List Price||101.0% (-0.1%)||101.1%||101.1% (-0.1%)|
|Days on Market||25 (-29.9%)||35||42 (-41.3%)|
|Days of Inventory||72 (+6.1%)||68||31 (+132.2%)|
The RE Report does not cover the mountain areas at the moment, but you can see a current Altos Research Report with tons of great info on 95033 here: altos.re/r/95d9db3?fbrefresh=true