Mary Pope-Handy's Market Report
Saratoga, CA 95070
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Saratoga, CA 95070
Mon Jul 06 2020
This week the median list price for Saratoga, CA 95070 is $3,212,499 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has held steady at or around 52.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $3,212,499 | |
| Per Square Foot | $1,061 | |
| Days on Market | 109 | |
| Price Decreased | 17% | |
| Price Increased | 4% | |
| Relisted | 10% | |
| Inventory | 52 | |
| Median Rent | $5,850 | |
| Most Expensive | $13,999,000 | |
| Least Expensive | $1,488,800 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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 | 5,684 | 1 - 2.5 acres | 5 | 6 | 16 | 1 | 0 | 149 |
| $3,690,000 | 3,101 | 1 - 2.5 acres | 5 | 4 | 43 | 1 | 2 | 71 |
| $2,888,000 | 2,769 | 0.5 - 1 acre | 4 | 3 | 63 | 4 | 1 | 63 |
| $2,100,000 | 1,877 | 0.25 - 0.5 acre | 4 | 2 | 64 | 1 | 0 | 151 |