The sales vs list price rose a hair to 98.7% and days on market sped to 40 days. You can find out more about which cookies we are using or switch them off in settings. If you disable this cookie, we will not be able to save your preferences. There are 26 schools in Los Gatos, CA. Read more about Los Gatos real estate on my other sites and blogs, too, including popehandy.com: Therefore these numbers will be off beginning from March 17th through around May 17th. In 95032, inventory fell but remains low and steady. The Los Gatos condo and townhouse market is softening, with prices down year over year. Sales fell, inventory grew, and pending sales more than doubled month over month. The Los Gatos Mountains are a distinctly different market and as such are covered in a separate market update, updated less frequently than here, but with live Altos charts for that area. Mid-April of 2020 saw the deepest low this year, turning around late for the spring market. There are 204 homes for sale in Los Gatos, CA, 11 of which were newly listed within the last week. Learn about Los Gatos neighborhoods, see photos, videos, pricing information, age of homes and much more! This month, 95030 data shows only 7 active listing – a great improvement over the 1 listing in early September! That said, prices rose again through June but have mostly been plummeting since, although it’s starting to stair-step up at the moment. In both zip codes, this has been consistent with the last few months. This October sales are consistent both month over month and year over year. In 2019 there was an upward trend through winter up until around February when the price began to drop. The Los Gatos real estate market shows a mild seller’s market with some ups and downs. This means that every time you visit this website you will need to enable or disable cookies again. Los Gatos is a very complex real estate market because there are so many variables, including: proximity to downtown (“walk to town” always a huge plus) school district (“Los Gatos Schools” usually strongly preferred) historic nature of homes & neighborhoods. “Live in Los Gatos” is an award winning blog, also written by local Los Gatos Realtor and resident Mary Pope-Handy – check it out today! In the last twelve months, Los Gatos's appreciation rate has been -2.75%, which is lower than appreciation rates in most communities … Some of the best neighborhoods in or around Los Gatos, California are Rinconada, Kennedy North and Los Gats Almaden. Prices increased last month in the condo sector of Los Gatos and remain up from last year. If you are a home buyer or real estate investor, Los Gatos definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Homes in Los Gatos, CA sold for approximately the asking price on average in October 2020. Blossom Hill - Shannon has a median listing price of $3.7M, making it the most expensive neighborhood. The average sale price per square foot in Los Gatos is $821, down 4.9% since last year. I will be using “live charts” here so they will always be current. This website uses cookies so that we can provide you with the best user experience possible. Additionally, there are 44 rentals, with a range of $1.7K to $6.5K per month. During the shutdown so far, the Multiple Listing Service (MLS) stopped the timer on all Days on Market (DOM). Over the last year, Los Gatos appreciation rates have trailed the rest of the nation. Right now, Monte Sereno has no condos or townhomes within its boundaries, but may in the future. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. The Los Gatos housing market is very competitive. Cambrian Park area of San Jose – Looking for more affordable area close to Monte Sereno and Los Gatos? Current numbers should be accurate. The average sale price of a home in Los Gatos was $1.88M last month, up 9.0% since last year. Take this with a grain of salt, however since both areas usually have fairly small pools of data. It’s very likely that the market will remain busy as shelter-in-place restrictions ease and prolonged demand drives the market, but alternatively we might see an amplified seasonal cooling if the pandemic worsens in local markets this winter. Rinconada is the most affordable neighborhood, with a median listing price of $1.4M. Check out the Cambrian Park area of San Jose, especially the 95124 zip code (with Union Schools).Cambrian area of San Jose – condos and townhomes. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Monte Sereno (houses only, at least for now) – this is a small area so prices appear to jump around more due to so few transactions each month. Next we’ll have a quick look at the town by zip code and will use Altos Research charts and graphs (using list prices, not sold ones) to get a pulse on the market. Prices shot up above $3 mil for most of the first quarter, but dropped in March, plunging below any median price in the visible part of 2019. https://idx.diversesolutions.com/link/472472. Prices are fairly stable from last month and a little below average looking year over year. So condos in both zip codes are active markets in the seller’s favor but with different levels of activity. The condo markets have been showing some extremes, and this month is no different. Take it with a pound of salt and use the town of Los Gatos as a better reference. With small pools of data, the condo market can show much more dramatic swings than the housing market, and we’re seeing some of that from the October data, but it’s remaining a stable, mild seller’s market. Discover more Los Gatos listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. This post will include info from both Altos Research, which uses LIST prices, and the RE Report, which uses listing and closed sale data, for the “in town” areas of Los Gatos (95030 and 95032). On average, homes in Los Gatos, CA sell after 42 days on the market. Our free service analyze millions of home sales to find the perfect agent for you. negative features such as busy roads, high voltage lines, being too close to freeways/trains, natural hazards such as earthquake faults etc.