Mary Pope-Handy's Market Report

Los Gatos, CA 95030

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Los Gatos, CA 95030

Wed Apr 24 2024
This week the median list price for Los Gatos, CA 95030 is $4,200,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 31. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Los Gatos, CA 95030

Wed Apr 24 2024
This week the median list price for Los Gatos, CA 95030 is $4,200,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 31. Click here to stay informed with the Los Gatos market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $4,200,000
Median Price of New Listings $3,748,000
Per Square Foot $1,305
Average Days on Market 91
Median Days on Market 28
Price Decreased 32%
Price Increased 3%
Relisted 13%
Inventory 31
Median Rent
Market Action 38
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
$8,300,000 6,200 1 - 2.5 acres 6 7 2 0 0 126
$5,947,444 3,752 0.5 - 1 acre 5 4 29 2 0 14
$3,844,499 2,659 0.25 - 0.5 acre 4 3.3 59 2 0 17
$2,372,500 1,821 0.5 - 1 acre 3 2 84 2 0 52