Mary Pope-Handy's Market Report
Los Gatos, CA 95032
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Los Gatos, CA 95032
Thu Apr 02 2020
This week the median list price for Los Gatos, CA 95032 is $2,999,000 with the market action index hovering around 38. This is less than last month's market action index of 45. Inventory has held steady at or around 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $2,999,000 | |
| Per Square Foot | $943 | |
| Days on Market | 102 | |
| Price Decreased | 4% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 28 | |
| Median Rent | $5,575 | |
| Most Expensive | $10,400,000 | |
| Least Expensive | $1,198,000 | |
| Market Action | 38 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,250,000 | 5,345 | 1 - 2.5 acres | 4 | 4 | 64 | 0 | 1 | 255 |
| $3,368,000 | 3,542 | 0.25 - 0.5 acre | 5 | 5 | 7 | 0 | 1 | 64 |
| $2,299,000 | 2,442 | 8,000 - 10,000 sqft | 4 | 3 | 52 | 0 | 2 | 11 |
| $1,648,000 | 1,444 | 8,000 - 10,000 sqft | 3 | 2 | 59 | 1 | 1 | 77 |