Mary Pope-Handy's Market Report
Saratoga, CA 95070
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Saratoga, CA 95070
Sun Apr 05 2020
This week the median list price for Saratoga, CA 95070 is $3,294,944 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 | $3,294,944 | |
| Per Square Foot | $1,069 | |
| Days on Market | 174 | |
| Price Decreased | 7% | |
| Price Increased | 0% | |
| Relisted | 2% | |
| Inventory | 44 | |
| Median Rent | $6,000 | |
| Most Expensive | $15,000,000 | |
| Least Expensive | $1,488,800 | |
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $6,450,000 | 5,522 | 1 - 2.5 acres | 6 | 7 | 13 | 0 | 1 | 333 |
| $4,198,000 | 4,096 | 1 - 2.5 acres | 5 | 4 | 35 | 0 | 0 | 127 |
| $2,998,000 | 2,879 | 0.25 - 0.5 acre | 4 | 3 | 49 | 0 | 0 | 34 |
| $2,148,000 | 1,877 | 0.25 - 0.5 acre | 4 | 3 | 58 | 1 | 1 | 200 |