Los Gatos real estate market trends and statistics

The Los Gatos real estate market has never been hotter.

  • SELLERS: Homes that could not sell a few months ago or a few years ago are selling fast, with multiple offers, and often with large overbids.  (If you have a “problem property”, this is THE MARKET for selling it.)
  • BUYERS: if a home you like comes on the market, do not wait until the weekend to see it. It may be gone by then. Not every listing agent gives the property a full week on the market. This happened to my buyers twice in the last week.

Right now we seem to be in a period of hyper inflation with home prices. When prices appreciate at this rate, appraisal problems can happen and buyers will need more than 20% down both to compete and also to pay for the appraisal shortfall, which may be likely in some cases. (For info on the Monte Sereno real estate market, check this link.)

Please note: these data charts were all pulled by me, Mary Pope-Handy, from MLSListings.com, to which I subscribe. 

I’m a little inventory obsessed, but check out where we are in December 2021 versus December in any recent year. Buyers want to buy, but there’s “nothing to purchase”.

Please click the image below to see a larger version of it (it will pop open in a new window or tab).

Los Gatos inventory

 

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