Market Report - The Brasil Group

Saratoga, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Saratoga, CA

Wed Feb 21 2024
This week the median list price for Saratoga, CA is $2,014,119 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 4. Click here to stay informed with the Saratoga market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Saratoga, CA

Wed Feb 21 2024
This week the median list price for Saratoga, CA is $2,014,119 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 4. Click here to stay informed with the Saratoga market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Saratoga market.
Median List Price $2,014,119
Median Price of New Listings $2,152,030
Per Square Foot $1,173
Average Days on Market 67
Median Days on Market 74
Price Decreased 25%
Price Increased 0%
Relisted 25%
Inventory 4
Median Rent
Market Action 39
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,152,030 1,828 - 3 3 0 1 0 0
$2,038,238 1,741 - 3 3 1 0 0 119
$1,990,000 2,163 0 - 4,500 sqft 3 2.5 46 0 0 28
$1,837,757 1,562 - 2 2.5 0 0 0 119