Mary Pope-Handy's Market Report

Saratoga, CA 95070

Single-Family Homes

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



Saratoga, CA 95070

Fri Mar 24 2023
This week the median list price for Saratoga, CA 95070 is $3,998,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 29. 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.

Slight Seller's Advantage

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Saratoga, CA 95070

Fri Mar 24 2023
This week the median list price for Saratoga, CA 95070 is $3,998,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 29. 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.

Slight Seller's Advantage

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $3,998,000
Median Price of New Listings $3,278,000
Per Square Foot $1,410
Average Days on Market 79
Median Days on Market 28
Price Decreased 17%
Price Increased 0%
Relisted 7%
Inventory 29
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$5,950,000 4,549 2.5 - 5 acres 4 4 35 0 0 133
$4,598,900 3,324 0.5 - 1 acre 5 3.5 60 0 0 14
$3,750,000 2,607 0.25 - 0.5 acre 4 2.5 63 2 2 28
$2,445,000 2,560 0.25 - 0.5 acre 4 2.5 64 2 0 7