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. Click here to stay informed with the Los Gatos market!

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.

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. Click here to stay informed with the Los Gatos market!

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

Never miss important changes in the Los Gatos market.
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