Los Gatos condo sales are good to watch as it provides info on the most affordable segment of the local real estate market. The condo / townhome market in Los Gatos includes a broad spectrum of housing and affordability across the 95030 and 95032 zip codes and its various school districts.
Included are senior condominiums (mostly but not exclusively at the Los Gatos Commons), which are usually the lowest priced homes and which are residences with age restrictions (mostly 55+). This can skew the data a little, so remember that if it looks too good to be true, it probably is (for all the non-seniors who would love the prices at the Commons in a non seniors complex).
Also incorporated in the chart below are townhouses. A townhouse is an architectural style, not a type of ownership. A townhouse really refers to properties with no other units above or below them. They are either in condo style ownership (essentially a condominium in the shape of a townhouse) or they are planned unit developments (PUDs), which are not condos and in which the ownership includes the land under the unit. (See also: Is that Los Gatos house or townhouse actually a condo? on this blog.)
Chart of Los Gatos condo sales in 2020
Below please find data on the Los Gatos 95030 and 95032 condominium and townhome sales.
How do these condo and townhome prices compare to other nearby areas? Here’s the most recent data from my RE Report (link is to the main site, the PDF with this chart is listed in left column).
September 24, 2013
What does it cost to buy a home in Los Gatos “with the schools” (as opposed to the Union School District or the Campbell School District areas)? In the last 90 days, 68 houses have sold in Los Gatos within the Los Gatos Union School District. The averages will give you some idea of pricing, but remember that the range is very broad because Los Gatos includes quite a few luxury or estate properties! Those disclaimers aside…
Houses sold in the last 90 days in the Los Gatos Union School District
- Average home size appx 2700 SF
- Average lot size a little over an acre, about 1.1 acre
- Average sales price appx $1,850,000
That’s not to say that you cannot purchase a house in town for quite a bit less! The least expensive home was an 1150 SF house on Las Astas Drive that sold for $882,000. There were three in the $900s. And four between 1 and $1.1 million. In all, there were 16 homes that sold for no more than $1,250,000.
Of these more affordable properties, the averages are:
- Average home size appx 1500 SF
- Average lot size appx 7500
- Average sales price appx $1,092,000
Condominium and townhouse sales
Condos and townhouses are more affordable still. There were 17 of them which closed escrow in the last 90 days. Averages here:
- Average home size appx 1350 SF
- Average HOA fee (monthly) $445
- Average sales price $640,000
The most affordable condo sold in the last 3 months was a small one bedroom unit for $300,000 with about 750 square feet of living space.
There’s quite a big range of home prices in Los Gatos. If you’re interested in buying residential real estate in Los Gatos (any school district) or nearby, please give me a call or write me an email and we can discuss finding the best home that works for you and your budget.