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).
In the far northwest corner of the town of Los Gatos sits a small, picturesque community, Arroyo Rinconada (Cats Creek Corner), consisting of three streets and 41 homes: Casa Grande (Big House), Rio Visa (River View), and Sierra Linda (Beautiful Mountain Range).
What are homes like in Arroyo Rinconada?
The neighborhood features Spanish style architecture and red tiled roofs and gently curving roads with loads of nearby trees, making the area scenic and charming.
The two story townhomes were all built in 1984, with square footage at 1280 SF (2 bed, 2 bath model), 2152 SF (3 bed 3 bath model), and 2319 SF (3 bed 3 bath model). Average square footage is 2131 SF. These homes all enjoy attached 2 car garages. Lots range 1372 SF to 2427 SF, with the average land area being 2152 square feet.
The house is on Casa Grande (“Big House”). It was built in 1935 with about 2600 SF but has been expanded to 3090 SF. Sitting on top of a knoll with a 55,000 SF lot, it sold a couple of years ago for more than $2 million.
Where is Arroyo Rinconada?
Arroyo Rinconada is set next to the corner of Quito and Pollard Roads in the northeast end of the town of Los Gatos, which are the borders for Saratoga (Quito) and Campbell (Pollard).
The Los Gatos Estates townhome community sits just off Pollard Road and More Avenue on the west end of town. Although this area on the north side of Pollard is actually in Campbell, it has a Los Gatos mailing address, which may confuse folks with a gps device. Our MLS also treats it as Campbell, so good to know about this area quirk since if you search for “Los Gatos homes for sale” there it won’t show up! (Same thing for the nearby Cameo Park West neighborhood of Leep homes a little closer to Quito Road.)
Basic facts: appx 57 homes, HOA dues as of this writing are in the high 300s (includes roof, painting, private roads, grounds, pool, spa and tennis court). Homes do not come on the market very often, but expect to see prices between $900,000 to $1,200,000 for most if they are remodeled.
They were built in 1979. Individual units range in size between 1739-2063 SF, with the average being 1921. Parcels are not big, running from 1739-2063 SF, but there’s a lot of open common space, so it does not feel small or crowded.
Why people love Los Gatos Estates
If you value a convenient location, Los Gatos Estates has it! Directly across the street from the entry to the community you’ll find a large, remodeled Safeway and a number of other helpful shops. El Camino Hospital of Los Gatos is only about a mile away. More shopping is found within 2 miles at Westgate and El Paseo de Saratoga. For workers commuting to Cupertino, Sunnyvale, Santa Clara and similar areas, a trip north on Pollard turns into Lawrence Expressway, making the journey pretty straight forward.
The highly regarded public schools are very nearby: Rolling Hills Middle School (API 919) is pretty much “next door” but on the other side of More, and Marshall Lane Elementary (API 945) is about a half mile away. Westmont High School (API 796) is within a mile also.
The townhomes at Los Gatos Estates enjoy tremendous convenience, but there’s much more to the complex than that. The townhomes are well laid out, with good floor plans, spacious rooms, and often high ceilings. Each one includes an attached 2 car garage and of course a laundry room or closet. In many ways, these townhomes feel more like houses than attached homes. Not only that, but residents get to enjoy a pool, spa, and tennis court, too.
Above is one of two gateway signs along Pollard Road, a nice welcome to the community!
Below, a typical two story townhome with both a back patio and balcony. One end of this complex is adjacent to highway 85, the train tracks, and the high voltage power lines, which you see in the image, too. Homes closest to the freeway, train and electrical wires will be somewhat price impacted by them, of course, but this creates an opportunity for more affordable housing than you might otherwise find in this neighborhood. If you are looking for good real estate pricing, this may be a great opportunity – lots of home for the money.
Courtstyle and Wimbledon Place, which is also referred to as Courtside by many locals, are townhome communities located between La Rinconada Golf Course and Winchester Boulevard, just behind the Los Gatos Bay Club Courtside. (The Bay Club Courtside was originally just “Courtside”, and that seems to be the reason for the community’s nickname.) This is a convenient commute location near both highways 17 and 85, and the area is within the Los Gatos Union School District, which is a big draw.
The Courtstyle and Wimbledon Place communities are sometimes confused with each other since they are nearby neighbors with some similar features and not terribly far apart in age, but they are distinct.
The Wimbledon Place HOA put Wimbledon Place signs up at the front and back entrances of the community not too long ago with the intention of getting the neighborhood branding corrected.
Wimbledon Place, or Courtside
The Wimbledon Place townhouses were built in 1977 and often “feel” like you’re in a single family home as the rooms are a good size, the floor plans are fairly open, and living rooms frequently feature vaulted and beamed ceilings. This is an uncrowded neighborhood, with plenty of parking in driveways and other designated spaces. It’s a very tidy, well kept neighborhood and seems to be one of the best values in town.
In the past, some of the homes felt dark as there were a lot of oversized (but beautiful!) redwood trees. When I was there this week, I noticed that a number of them had been cut down. It’s sad to see them go, but at the same time, they were close to power lines and cast a lot of shade. There are still a good number of trees there, too.