However a lot has changed since the beginning of March. This October sales are consistent both month over month and year over year. slope and usability of … Los Gatos has above average schools. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. However, with only 6 sales it’s not much to work with for market analysis. Blossom Hill - Shannon has a median listing price of $3.7M, making it the most expensive neighborhood. Our free service analyze millions of home sales to find the perfect agent for you. There are 26 schools in Los Gatos, CA. This means that every time you visit this website you will need to enable or disable cookies again. The sales vs list price ratio has risen again, climbing to 103.0%. Right now, Monte Sereno has no condos or townhomes within its boundaries, but may in the future. If Los Gatos & Monte Sereno are too expensive…. In October 2020, the median list price of homes in Los Gatos, CA was $1.8M, trending up 6.5% year-over-year. “Live in Los Gatos” is an award winning blog, also written by local Los Gatos Realtor and resident Mary Pope-Handy – check it out today! Consider buying or renting a home in one of these popular neighborhoods. Often it’s best to also see how Los Gatos and Saratoga are doing and extrapolate from there, plus study the homes that are and are not selling in Monte Sereno. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. https://idx.diversesolutions.com/link/472470, https://idx.diversesolutions.com/link/472471. There are 11 neighborhoods in Los Gatos. The average sale price per square foot in Los Gatos is $821, down 4.9% since last year. If you are a home buyer or real estate investor, Los Gatos definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Monte Sereno’s home values are higher, and the luxury tier generally does not sell as fast or as strong as more moderately priced areas in Silicon Valley. This post will include info from both Altos Research, which uses LIST prices, and the RE Report, which uses listing and closed sale data, for the “in town” areas of Los Gatos (95030 and 95032). type of sale (distressed or regular sale). Sales fell, inventory grew, and pending sales more than doubled month over month. There are 204 homes for sale in Los Gatos, CA, 11 of which were newly listed within the last week. This month, 95030 data shows only 7 active listing – a great improvement over the 1 listing in early September! Disclaimers aside, here’s the broad overview by zip code – hope you find this helpful! Now for the current numbers, per my Los Gatos real estate report (click on the link for full information). There are 204 homes for sale, ranging from $19.9K to $13.8M. The median listing price per square foot was $841. Los Gatos, CA is a seller's market in September 2020, which means that there are more people looking to buy than there are homes available. It’s very likely that the market will remain busy as shelter-in-place restrictions ease and prolonged demand drives the market, but alternatively we might see an amplified seasonal cooling if the pandemic worsens in local markets this winter. Los Gatos is a very complex real estate market because there are so many variables, including: Often homes in Los Gatos will have some positive and some negative features, and the same goes for the location. With small pools of data, the condo market can show much more dramatic swings than the housing market, and we’re seeing some of that from the October data, but it’s remaining a stable, mild seller’s market. Current numbers should be accurate. In 95030 the price per square foot is rising and inventory is beginning a decline. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Some of the best neighborhoods in or around Los Gatos, California are Rinconada, Kennedy North and Los Gats Almaden. In the data below, this will affect any numbers related to the days on market, the absorption rate, and the days of inventory from those months indicated. During the shutdown so far, the Multiple Listing Service (MLS) stopped the timer on all Days on Market (DOM). So condos in both zip codes are active markets in the seller’s favor but with different levels of activity. The sales vs list price rose a hair to 98.7% and days on market sped to 40 days. Each month there are very few sales in Monte Sereno, and for that reason the data can be a bit wonky (view the Monte Sereno Real Estate Report for more). Get frequent Los Gatos real estate market updates, find out about local events, business, see images of the parks, historic buildings, and get to know Los Gatos even better. Los Gatos, CA is a seller's market in October 2020, which means that there are more people looking to buy than there are homes available. Zillow has 93 homes for sale in Los Gatos CA. The 15 in 95032 make for a better gauge, but still a small pool for study. Additionally, there are 44 rentals, with a range of $1.7K to $6.5K per month. Los Gatos is a very complex real estate market because there are so many variables, including: proximity to downtown (“walk to town” always a huge plus) school district (“Los Gatos Schools” usually strongly preferred) historic nature of homes & neighborhoods. Inventory shrank while pending and closed sales have increased this October, with sales and sale pending rising well above numbers from 2019 and inventory falling extremely short. The Los Gatos condo and townhouse market is softening, with prices down year over year. The average sale price of a home in Los Gatos was $1.88M last month, up 9.0% since last year. Take it with a pound of salt and use the town of Los Gatos as a better reference. The condo markets have been showing some extremes, and this month is no different. Late June saw the highest peak this year, and the market has since begun to cool, getting close to the low point again. Learn about Los Gatos neighborhoods, see photos, videos, pricing information, age of homes and much more! 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, The 5 Maintenance Skills All Homeowners Should Know. Pricing in 95030 usually follows clear seasonal trends, with prices undulating higher in spring and summer and dropping to their lowest around mid-autumn. On average, homes in Los Gatos, CA sell after 42 days on the market. Los Gatos has homes with large lots. Over the last year, Los Gatos appreciation rates have trailed the rest of the nation. The Los Gatos Mountains are a distinctly different market and as such are covered in a separate market update, updated less frequently than here, but with live Altos charts for that area. We are using cookies to give you the best experience on our website. You can find out more about which cookies we are using or switch them off in settings. The median sale price was $1.8M. Los Gatos real estate market trends. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The market in Monte Sereno right now is in a steady, strong seller’s market. Generally this area has a lower price range than in 95030, but it follows distinctly different trends. More info on Los Gatos Homes for Sale, too. Homes in Los Gatos receive 5 offers on average and sell in around 33 days. In the last twelve months, Los Gatos's appreciation rate has been -2.75%, which is lower than appreciation rates in most communities … The Los Gatos housing market is very competitive. For more on how Covid-19 is affecting our local real estate market, please check my post titled Coronavirus Impact on Real Estate Sales. If you disable this cookie, we will not be able to save your preferences. Mid-April of 2020 saw the deepest low this year, turning around late for the spring market. Prices shot up above $3 mil for most of the first quarter, but dropped in March, plunging below any median price in the visible part of 2019. The Los Gatos real estate market shows a mild seller’s market with some ups and downs. In both zip codes, this has been consistent with the last few months. Homes in Los Gatos, CA sold for approximately the asking price on average in October 2020. We’re just beginning to see the result of the pandemic on local real estate markets in these monthly analyses.
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