Mary Pope-Handy's Market Report
Los Gatos, CA 95032
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Los Gatos, CA 95032
Tue Mar 02 2021
This week the median list price for Los Gatos, CA 95032 is $2,948,944 with the market action index hovering around 72. This is an increase over last month's market action index of 63. Inventory has held steady at or around 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $2,948,944 | |
| Per Square Foot | $886 | |
| Days on Market | 4 | |
| Price Decreased | 6% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 16 | |
| Median Rent | $4,348 | |
| Most Expensive | $13,750,000 | |
| Least Expensive | $1,350,000 | |
| Market Action | 72 | |
| Strong Seller's Market | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,774,444 | 6,962 | 1 - 2.5 acres | 5 | 6 | 5 | 1 | 0 | 126 |
| $3,199,000 | 3,260 | 8,000 - 10,000 sqft | 4 | 4 | 10 | 1 | 1 | 14 |
| $2,497,000 | 2,593 | 0.25 - 0.5 acre | 4 | 3 | 55 | 3 | 1 | 0 |
| $1,849,000 | 2,039 | 8,000 - 10,000 sqft | 3 | 2 | 54 | 4 | 2 | 0 |