Mary Pope-Handy's Market Report

Los Gatos, CA 95030

Condos/Townhomes

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



Los Gatos, CA 95030

Thu Mar 28 2024
This week the median list price for Los Gatos, CA 95030 is $1,581,500 with the market action index hovering around 35. This is less than last month's market action index of 40. Inventory has held steady at or around 4. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Los Gatos, CA 95030

Thu Mar 28 2024
This week the median list price for Los Gatos, CA 95030 is $1,581,500 with the market action index hovering around 35. This is less than last month's market action index of 40. Inventory has held steady at or around 4. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $1,581,500
Median Price of New Listings $0
Per Square Foot $921
Average Days on Market 56
Median Days on Market 60
Price Decreased 0%
Price Increased 0%
Relisted 25%
Inventory 4
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$4,899,000 5,348 8,000 - 10,000 sqft 6 5 106 0 0 91
$1,775,000 1,916 0 - 4,500 sqft 3 2.5 57 0 1 35
$1,388,000 1,466 0 - 4,500 sqft 2 2 62 0 0 84
$1,249,000 1,368 0 - 4,500 sqft 2 2 62 0 0 14