Mary Pope-Handy's Market Report
Los Gatos, CA
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Los Gatos, CA
Tue Mar 26 2019
This week the median list price for Los Gatos, CA is $2,322,500 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 72.
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
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $2,322,500 | |
| Per Square Foot | $861 | |
| Days on Market | 113 | |
| Price Decreased | 24% | |
| Price Increased | 1% | |
| Relisted | 4% | |
| Inventory | 72 | |
| Median House Rent | $4,000 | |
| Most Expensive | $16,500,000 | |
| Least Expensive | $779,950 | |
| Market Action Index Slight Seller's Advantage | 42 |
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,272,500 | 5,259 | 2.5 - 5 acres | 5 | 5 | 19 | 2 | 1 | 136 |
| $2,724,500 | 3,338 | 0.25 - 0.5 acre | 4 | 4 | 39 | 4 | 3 | 111 |
| $1,854,975 | 2,248 | 0.25 - 0.5 acre | 3 | 3 | 61 | 2 | 3 | 103 |
| $1,322,000 | 1,982 | 0.5 - 1 acre | 3 | 2 | 45 | 2 | 1 | 101 |