Mary Pope-Handy's Market Report

Los Gatos, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Los Gatos, CA

Sat Aug 17 2019
This week the median list price for Los Gatos, CA is $2,248,888 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 127. 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

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

Sat Aug 17 2019
This week the median list price for Los Gatos, CA is $2,248,888 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 127. 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

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 $2,248,888
Per Square Foot $821
Days on Market 82
Price Decreased 40%
Price Increased 2%
Relisted 11%
Inventory 127
Median House Rent $4,250
Most Expensive $14,000,000
Least Expensive $375,000
Market Action Index
Slight Seller's Advantage
37

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
$4,950,000 5,010 1 - 2.5 acres 5 5 26 1 0 95
$2,798,000 3,295 1 - 2.5 acres 4 4 43 2 3 80
$1,874,000 2,338 0.25 - 0.5 acre 4 3 52 5 3 55
$1,319,450 1,803 0.5 - 1 acre 3 2 55 6 4 99