Mary Pope-Handy's Market Report
Los Gatos, CA 95033
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
Los Gatos, CA 95033
Thu Sep 24 2020
This week the median list price for Los Gatos, CA 95033 is $1,404,500 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has held steady at or around 36.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $1,404,500 | |
| Per Square Foot | $538 | |
| Days on Market | 135 | |
| Price Decreased | 47% | |
| Price Increased | 8% | |
| Relisted | 14% | |
| Inventory | 36 | |
| Median Rent | ||
| Most Expensive | $5,678,000 | |
| Least Expensive | $339,900 | |
| Market Action | 37 | |
| Slight Seller's Advantage | ||
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,950,000 | 4,261 | 2.5 - 5 acres | 5 | 4 | 26 | 1 | 1 | 190 |
| $1,698,000 | 3,357 | 1 - 2.5 acres | 4 | 3 | 43 | 4 | 0 | 94 |
| $1,299,000 | 2,767 | 2.5 - 5 acres | 3 | 2 | 40 | 0 | 3 | 98 |
| $780,000 | 1,448 | 0.25 - 0.5 acre | 3 | 1 | 43 | 1 | 1 | 157 |