Mary Pope-Handy's Market Report
Los Gatos, CA 95030
Condos/Townhomes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Los Gatos, CA 95030
Fri Apr 19 2024
This week the median list price for Los Gatos, CA 95030 is $1,691,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 4.
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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $1,691,500 | |
| Median Price of New Listings | $1,748,000 | |
| Per Square Foot | $894 | |
| Average Days on Market | 54 | |
| Median Days on Market | 46 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $4,899,000 | 5,348 | 8,000 - 10,000 sqft | 6 | 5 | 106 | 0 | 0 | 112 |
| $1,748,000 | 1,916 | 0 - 4,500 sqft | 3 | 2.5 | 57 | 1 | 0 | 56 |
| $1,635,000 | 1,916 | 0 - 4,500 sqft | 3 | 2.5 | 57 | 0 | 0 | 14 |
| $1,199,000 | 1,368 | 0 - 4,500 sqft | 2 | 2 | 62 | 0 | 0 | 35 |