Fri Apr 23 2021
This week the median list price for Los Gatos, CA is $2,620,000 with the market action index hovering around 68. This is an increase over last month's market action index of 64. Inventory has held steady at or around 70.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,620,000|
|Per Square Foot||$985|
|Days on Market||14|
|Strong Seller's Market|
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,995,000||5,606||1 - 2.5 acres||5||6||24||3||1||14|
|$3,250,000||3,475||0.25 - 0.5 acre||4||4||25||7||2||21|
|$2,324,444||2,402||0.25 - 0.5 acre||4||3||48||6||5||10|
|$1,424,500||1,768||1 - 2.5 acres||3||2||63||9||5||7|