Los Gatos is a wonderful community on the slopes of the Santa Cruz mountains. Great school, a very fun downtown area and easy access to Hwy 17 makes this a very desirable place to live.
This chart shows the distribution of prices for single family residences in Los Gatos during 2018. There is a wide range of home prices from $500k to $4.0M.
The annual Median Price rose 6.6% in 2018 following no increase in 2016. The annual increase in the median price for Los Gatos homes has averaged 5.4% per year since 2012.
The above scatter chart shows the distribution of both home sizes and the $ per SQFT for Los Gatos homes. Each blue dot represents a Closed Sale. Note how $/SQFT varies by home size.
Market demand remains strong in Los Gatos. The annual Days on Market remains at historic lows. The annual average Sales vs. List Price has been consistent since 2012.
The scatter chart above shows the distribution of Sales vs. List Price for each Closed Sale. Note that homes that sell after one weekend on the market typically sell for well over the annual average in the above chart.
There were 582 New Listings in 2018. The annual supply of New Listings for Los Gatos homes has been very consist since 2015. Note the dramatic decline in supply over the past 15 years.
A view of the quarterly median price provides some insight to how the current market is moving.
This monthly view of Median Prices for Los Gatos homes provides more insight into the ebb and flow of our real estate market. Keep in mind that the fluctuation may be due to a change in the mix of homes selling in a particular month, not necessarily changes in home values.
The Inventory of Active Listings declined in 2017, back to 2015 levels. Inventory levels in 2017 were about one-half the levels in 2012-13.
The monthly supply of New Listings for homes in Los Gatos. Note the seasonality with December typically being the low-point during the year.
This Days on Market chart shows the monthly average for Los Gatos homes sold. The spikes are typically in Dec-Jan during the slowest time of the year.
The monthly average Sales vs. List Price percentage jumps around from +2% to -2%, which is unusual from the other cities.
Interestingly the monthly number of Closed Sales in Los Gatos appears to be relatively consistent.
Sources: The data above is obtained directly from MLSlistings, the multiple listing service (MLS) serving Santa Clara and San Mateo counties. The information is deemed to be accurate, however is not guaranteed.