Updated July 2019
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. Click on these links to view more information on the Los Gatos Community and Schools.
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.
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 supply of New Listings (blue line) is on-track to be consistent with the past four years, which are at historic lows. The number of Closed Sales (red line) is on-track to be lower than last year, but similar to 2015-16.
Final Sales Price vs. List Price is fairly consistent with last year. There are significantly fewer homes selling for 15%+. Suggests that there are fewer offers competing for the same home.
The average $/SQFT for Los Gatos homes is $918 per SQFT, however it does vary widely. The scatter chart above shows the distribution of $/SQFT by the size of the home. Each blue dot represents a Closed Sale in 2018.
The Quarterly Median Price has been rising pretty steadily since mid-2009, including during 1H2019.
This Monthly Median Price 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 average Days on Market jumped significantly during the last half of 2018, while the first half of 2019 returned to levels consist with prior years.
The average Sales vs. List Price percentage is near zero, while a previous scatter chart shows that homes selling during the first 10 days are selling for up to 10% over list.
The Inventory of Active Listings is also fairly consistent with the past four years.
The monthly supply of New Listings for homes in Los Gatos. Note the seasonality with December typically being the low-point during the year.
The number of Closed Sales running lower than the past two years. Note that Closed Sales are typically reported the month following the contractual sale.
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.