A resource for folks living in or moving to Los Gatos, by Mary Pope-Handy

sale price to list price ratio

Los Gatos real estate statistics and market trends

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 profiles by zip code

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

Continue reading

Mary Pope-Handy

Realtor
ABR, CIPS, CRS, SRES
Sereno Group Real Estate
214 Los Gatos-Saratoga Rd
Los Gatos, CA 95030
408 204-7673
Mary (at) PopeHandy.com
License# 01153805

Selling homes in
Silicon Valley, with
special focus on
Los Gatos

and nearby areas,
including
Monte Sereno,
Saratoga,
Campbell,
and the San Jose areas of
Cambrian and Almaden Valley

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ValleyOfHeartsDelight blog
Santa Clara County Real Estate,
especially the West Valley areas

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Silicon Valley relocation info

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Los Gatos real estate
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