May 12, 2009
The real estate market in Los Gatos is more like a puzzle than a solid picture: it really is lots of contiguous micro markets. The state of the market varies on neighborhood, price point, school district, and other defining factors (size, views, acreage). This is especially true when studying the condo or townhouse market in Los Gatos. So when thinking of buying or selling a condo, it’s good to get to the micro level (what’s happening in that particular complex or within a mile or so of it).
That said, it’s also helpful to see the bigger picture (a bird’s eye view) – not just the overview of sales for condos in town, but also how that market is in relation to neighboring areas such as San Jose’s Almaden Valley, Saratoga, or Cupertino. Yesterday I did a post on exactly that at my Valley of Hearts Delight blog:
What is interesting is that while there are fluctuations on the level of town or neighborhood, the overall trend is actually quite consistent. I invite you to check it out!