Mary Pope-Handy's Market Report
Saratoga, CA 95070
Single-Family Homes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Saratoga, CA 95070
Fri Jul 26 2024
This week the median list price for Saratoga, CA 95070 is $4,374,000 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $4,374,000 | |
| Median Price of New Listings | $4,498,000 | |
| Per Square Foot | $1,464 | |
| Average Days on Market | 75 | |
| Median Days on Market | 42 | |
| Price Decreased | 28% | |
| Price Increased | 9% | |
| Relisted | 6% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,744,000 | 5,325 | 1 - 2.5 acres | 5 | 6 | 31 | 2 | 1 | 49 |
| $4,950,000 | 3,355 | 0.5 - 1 acre | 4 | 4 | 53 | 1 | 0 | 42 |
| $3,846,500 | 2,388 | 0.25 - 0.5 acre | 4 | 3 | 61 | 1 | 1 | 24 |
| $3,290,000 | 2,521 | 0.25 - 0.5 acre | 4 | 2.5 | 54 | 1 | 3 | 77 |