Mary Pope-Handy's Market Report

Saratoga, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Saratoga, CA

Wed Mar 20 2019
This week the median list price for Saratoga, CA is $2,922,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 58. Click here to stay informed with the Saratoga market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Saratoga, CA

Wed Mar 20 2019
This week the median list price for Saratoga, CA is $2,922,500 with the market action index hovering around 37. This is an increase over last month's market action index of 35. Inventory has held steady at or around 58. Click here to stay informed with the Saratoga market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $2,922,500
Per Square Foot $1,038
Days on Market 100
Price Decreased 29%
Price Increased 10%
Relisted 5%
Inventory 58
Median House Rent
Most Expensive $15,999,000
Least Expensive $1,638,800
Market Action Index
Slight Seller's Advantage
37

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,744,000 5,044 1 - 2.5 acres 5 5 33 0 3 201
$3,373,000 3,099 0.5 - 1 acre 5 4 40 2 1 57
$2,700,000 2,730 0.25 - 0.5 acre 4 3 50 2 2 71
$1,998,000 1,986 0.25 - 0.5 acre 3 3 61 2 0 77