Mary Pope-Handy's Market Report

Los Gatos, CA 95032

Single-Family Homes

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



Los Gatos, CA 95032

Sun Jan 29 2023
This week the median list price for Los Gatos, CA 95032 is $2,780,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has decreased to 11. Click here to stay informed with the Los Gatos market!

Market Action Index

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

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Los Gatos, CA 95032

Sun Jan 29 2023
This week the median list price for Los Gatos, CA 95032 is $2,780,000 with the market action index hovering around 48. This is an increase over last month's market action index of 45. Inventory has decreased to 11. Click here to stay informed with the Los Gatos market!

Market Action Index

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

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,780,000
Median Price of New Listings $2,085,000
Per Square Foot $1,356
Average Days on Market 98
Median Days on Market 77
Price Decreased 64%
Price Increased 0%
Relisted 18%
Inventory 11
Median Rent
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$9,943,500 5,480 10 - 20 acres 5 4.3 48 0 0 59
$3,688,000 2,730 0.25 - 0.5 acre 4 3.5 56 0 0 98
$2,750,000 1,914 6,500 - 8,000 sqft 3 3 59 0 0 70
$2,250,000 1,916 0.25 - 0.5 acre 3 2 59 1 1 147