Mary Pope-Handy's Market Report

Saratoga, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Saratoga, CA

Mon May 20 2019
This week the median list price for Saratoga, CA is $2,875,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 77. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Saratoga, CA

Mon May 20 2019
This week the median list price for Saratoga, CA is $2,875,000 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 77. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $2,875,000
Per Square Foot $1,043
Days on Market 91
Price Decreased 40%
Price Increased 6%
Relisted 8%
Inventory 77
Median House Rent $5,595
Most Expensive $15,999,000
Least Expensive $1,350,000
Market Action Index
Slight Seller's Advantage
39

The market seems to have paused around this plateau. 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
$4,898,000 5,100 1 - 2.5 acres 5 4 32 4 2 145
$3,598,000 3,690 0.5 - 1 acre 5 4 53 2 2 80
$2,648,000 2,476 0.25 - 0.5 acre 4 3 51 3 4 63
$1,899,000 1,846 0.25 - 0.5 acre 3 2 60 3 2 79