Market Report - The Brasil Group

Los Gatos, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Los Gatos, CA

Sun Aug 01 2021
This week the median list price for Los Gatos, CA is $2,493,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 96. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Gatos, CA

Sun Aug 01 2021
This week the median list price for Los Gatos, CA is $2,493,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has increased to 96. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Gatos market.
Median List Price $2,493,000
Median Price of New Listings $2,798,800
Per Square Foot $1,003
Average Days on Market 56
Median Days on Market 18
Price Decreased 20%
Price Increased 5%
Relisted 8%
Inventory 96
Median Rent $4,790
Market Action 61
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.

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
$6,497,500 5,798 1 - 2.5 acres 5 6 19 3 6 52
$2,998,500 3,060 0.25 - 0.5 acre 4 4 38 7 10 7
$2,047,000 2,594 1 - 2.5 acres 4 2 47 3 8 24
$1,249,499 1,656 1 - 2.5 acres 3 2 54 2 7 14