Mary Pope-Handy's Market Report
Los Gatos, CA
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Los Gatos, CA
Mon Nov 30 2020
This week the median list price for Los Gatos, CA is $2,696,500 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 88.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $2,696,500 | |
| Per Square Foot | $962 | |
| Days on Market | 128 | |
| Price Decreased | 41% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 88 | |
| Median Rent | $4,400 | |
| Most Expensive | $13,808,000 | |
| Least Expensive | $292,900 | |
| Market Action | 45 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $4,372,500 | 4,319 | 1 - 2.5 acres | 5 | 4 | 22 | 0 | 2 | 176 |
| $3,094,975 | 3,363 | 0.25 - 0.5 acre | 4 | 3 | 27 | 3 | 3 | 111 |
| $2,273,500 | 2,338 | 0.25 - 0.5 acre | 4 | 3 | 47 | 4 | 2 | 91 |
| $1,268,500 | 2,186 | 0.5 - 1 acre | 3 | 2 | 45 | 2 | 2 | 134 |