Mary Pope-Handy's Market Report

Saratoga, CA 95070

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


Saratoga, CA 95070

Thu Sep 21 2023
This week the median list price for Saratoga, CA 95070 is $4,267,500 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 26. Click here to stay informed with the Saratoga market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Saratoga, CA 95070

Thu Sep 21 2023
This week the median list price for Saratoga, CA 95070 is $4,267,500 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has increased to 26. Click here to stay informed with the Saratoga market!

Market Action Index

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

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $4,267,500
Median Price of New Listings $2,998,000
Per Square Foot $1,342
Average Days on Market 92
Median Days on Market 49
Price Decreased 42%
Price Increased 0%
Relisted 12%
Inventory 26
Median Rent
Market Action 49
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$6,887,500 5,143 1 - 2.5 acres 5 5.8 46 1 0 115
$5,300,000 4,375 1 - 2.5 acres 5 4.5 38 0 0 87
$3,995,000 2,943 0.25 - 0.5 acre 4 2.5 38 3 0 35
$2,500,000 2,476 1 - 2.5 acres 4 2.5 65 3 0 56