Market Report - The Brasil Group
Los Gatos, CA
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
Los Gatos, CA
Fri Oct 15 2021
This week the median list price for Los Gatos, CA is $1,110,000 with the market action index hovering around 56. This is less than last month's market action index of 58. Inventory has increased to 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $1,110,000 | |
| Median Price of New Listings | $589,000 | |
| Per Square Foot | $777 | |
| Average Days on Market | 67 | |
| Median Days on Market | 21 | |
| Price Decreased | 24% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 17 | |
| Median Rent | $3,041 | |
| Market Action | 56 | |
| Strong Seller's Market | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,795,944 | 2,106 | 0 - 4,500 sqft | 3 | 3 | 22 | 0 | 1 | 21 |
| $1,445,444 | 1,568 | 0 - 4,500 sqft | 2 | 3 | 20 | 0 | 1 | 10 |
| $964,500 | 1,073 | 0 - 4,500 sqft | 2 | 2 | 46 | 0 | 1 | 84 |
| $589,000 | 888 | 0 - 4,500 sqft | 2 | 1 | 58 | 1 | 1 | 63 |