Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Gatos, CA

Thu Sep 16 2021
This week the median list price for Los Gatos, CA is $2,799,888 with the market action index hovering around 56. This is less than last month's market action index of 60. Inventory has decreased to 63. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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

Thu Sep 16 2021
This week the median list price for Los Gatos, CA is $2,799,888 with the market action index hovering around 56. This is less than last month's market action index of 60. Inventory has decreased to 63. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

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 $2,799,888
Median Price of New Listings $2,495,444
Per Square Foot $977
Average Days on Market 81
Median Days on Market 49
Price Decreased 27%
Price Increased 5%
Relisted 10%
Inventory 63
Median Rent $5,275
Market Action 56
Strong Seller's Market

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
$7,225,000 5,700 2.5 - 5 acres 5 6 24 1 0 91
$3,379,500 3,438 1 - 2.5 acres 4 5 30 1 8 45
$2,444,000 2,416 0.5 - 1 acre 4 3 46 3 7 49
$1,569,500 2,473 2.5 - 5 acres 3 2 46 3 3 31