Mary Pope-Handy's Market Report
Los Gatos, CA
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Los Gatos, CA
Fri Feb 28 2020
This week the median list price for Los Gatos, CA is $2,839,999 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 78.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $2,839,999 | |
| Per Square Foot | $893 | |
| Days on Market | 119 | |
| Price Decreased | 14% | |
| Price Increased | 3% | |
| Relisted | 15% | |
| Inventory | 78 | |
| Median Rent | $5,600 | |
| Most Expensive | $10,400,000 | |
| Least Expensive | $478,888 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $5,250,000 | 5,467 | 1 - 2.5 acres | 4 | 5 | 28 | 1 | 0 | 174 |
| $3,452,200 | 3,809 | 0.25 - 0.5 acre | 5 | 4 | 23 | 5 | 3 | 96 |
| $2,191,500 | 3,144 | 1 - 2.5 acres | 4 | 3 | 44 | 6 | 4 | 55 |
| $1,223,500 | 1,897 | 0.25 - 0.5 acre | 3 | 2 | 56 | 4 | 2 | 150 |