Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Los Gatos, CA

Fri Nov 15 2019
This week the median list price for Los Gatos, CA is $2,124,974 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 118. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Los Gatos, CA

Fri Nov 15 2019
This week the median list price for Los Gatos, CA is $2,124,974 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 118. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,124,974
Per Square Foot $801
Days on Market 111
Price Decreased 41%
Price Increased 0%
Relisted 14%
Inventory 118
Median Rent $5,150
Most Expensive $10,988,000
Least Expensive $478,888
Market Action 31
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$4,500,000 5,096 1 - 2.5 acres 5 5 33 2 5 132
$2,600,000 3,200 0.5 - 1 acre 4 4 58 1 1 93
$1,699,000 2,364 0.5 - 1 acre 4 3 54 3 5 108
$1,172,000 1,860 1 - 2.5 acres 3 2 49 0 5 109