Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Los Gatos, CA

Mon Jul 22 2019
This week the median list price for Los Gatos, CA is $2,398,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 117. Click here to stay informed with the Los Gatos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Gatos, CA

Mon Jul 22 2019
This week the median list price for Los Gatos, CA is $2,398,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 117. Click here to stay informed with the Los Gatos market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,398,000
Per Square Foot $828
Days on Market 87
Price Decreased 45%
Price Increased 1%
Relisted 4%
Inventory 117
Median House Rent $4,250
Most Expensive $15,950,000
Least Expensive $375,000
Market Action Index
Slight Seller's Advantage
38

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$4,999,000 5,096 1 - 2.5 acres 5 5 22 1 1 99
$2,898,000 3,480 1 - 2.5 acres 4 3 41 3 4 83
$1,909,950 2,492 0.5 - 1 acre 4 2 41 1 4 57
$1,324,000 2,000 0.5 - 1 acre 3 2 49 4 3 107