Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Gatos, CA

Tue Sep 27 2022
This week the median list price for Los Gatos, CA is $2,985,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 69. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Gatos, CA

Tue Sep 27 2022
This week the median list price for Los Gatos, CA is $2,985,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 69. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,985,000
Median Price of New Listings $2,800,000
Per Square Foot $1,116
Average Days on Market 58
Median Days on Market 42
Price Decreased 30%
Price Increased 4%
Relisted 7%
Inventory 69
Median Rent
Market Action 44
Slight Seller's Advantage

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
$5,500,000 5,010 1 - 2.5 acres 4 5 38 3 1 49
$3,387,800 2,698 0.25 - 0.5 acre 4 4 47 1 1 42
$2,340,000 2,448 1 - 2.5 acres 3 3 55 1 5 35
$1,199,500 1,575 1 - 2.5 acres 3 2 56 3 2 28