Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Los Gatos, CA

Tue May 21 2019
This week the median list price for Los Gatos, CA is $2,395,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 113. 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 started cooling and prices have recently plateaued. Since 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

Tue May 21 2019
This week the median list price for Los Gatos, CA is $2,395,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 113. 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 started cooling and prices have recently plateaued. Since 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 $2,395,000
Per Square Foot $791
Days on Market 82
Price Decreased 30%
Price Increased 1%
Relisted 4%
Inventory 113
Median House Rent $4,000
Most Expensive $16,500,000
Least Expensive $599,000
Market Action Index
Slight Seller's Advantage
43

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$5,297,500 5,236 1 - 2.5 acres 5 5 22 2 1 104
$2,746,500 3,442 1 - 2.5 acres 4 3 40 5 5 87
$1,852,000 2,352 0.25 - 0.5 acre 4 3 47 8 8 70
$1,150,000 1,941 0.5 - 1 acre 3 2 55 6 4 69