Mary Pope-Handy's Market Report
Saratoga, CA 95070
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Saratoga, CA 95070
Sat Dec 03 2022
This week the median list price for Saratoga, CA 95070 is $4,800,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $4,800,000 | |
| Median Price of New Listings | $2,998,000 | |
| Per Square Foot | $1,323 | |
| Average Days on Market | 51 | |
| Median Days on Market | 21 | |
| Price Decreased | 21% | |
| Price Increased | 7% | |
| Relisted | 0% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,988,000 | 6,304 | 1 - 2.5 acres | 5 | 5.5 | 46 | 0 | 0 | 140 |
| $5,580,000 | 3,733 | 1 - 2.5 acres | 4 | 4.5 | 33 | 1 | 1 | 7 |
| $3,999,999 | 3,565 | 0.25 - 0.5 acre | 5 | 4 | 60 | 1 | 2 | 21 |
| $2,748,000 | 2,316 | 0.5 - 1 acre | 4 | 2.8 | 53 | 4 | 3 | 3 |