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Los Gatos - April 2008 - Real Estate Market Analysis |
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Thursday, 15 May 2008 |
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The Los Gatos market has always been strong. However, we do see that even this highly desirable city is not immune to a down market. But even this news is mixed. While we do see some down numbers, we also see some of the more important numbers - like average home price in Los Gatos and average days on market performing well.
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SUPPLY AND DEMAND - PAST YEARS
Los Gatos continues to see a more healthy market than other parts of the county. Here is a raw breakdown of the big numbers:
Inventory: +47.4%
homes on market: 168
New Listings: +11.5%
For total of homes listed: 68
Sales: -46.3%
home sold: 22
Months of Inventory Available: 7.6
You can also think of the "Months of inventory" number as the number of homes on the market for every one that sells.
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SUPPLY AND DEMAND - PAST MONTHS
Inventory: 11.3%
Listed: -8.1%
Sales: +15.8%
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HOME PRICES - PAST YEARS
Average home price: +5.7%
The average home price was $1,908,745
Median Price was: $1,565,000
Highest Priced SFR Sold:
14411 SHANNON RD, Los Gatos 95032 (Los Gatos) SOLD: $7,700,000 LIST: $7,900,000 CDOM: 8
Lowest Price SFR Sold:
216 UNION AV, Los Gatos 95032 (Los Gatos) SOLD: $656,900 LIST: $654,900 Days On Market: 126
Average Price Per Square Foot: $716.11
ACTIVES:
Av. Price Per Square Foot:$ 800.82
Av. Asking Price:$2,906,940
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HOME PRICES - PAST MONTHS
Average home price: $1,908,745
Percentage Price Change: +9.6%
Median Price Change: +11.8%
Total Homes Sold:
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DAYS TO SELL - PAST YEARS
Days to sell change: Days= -5 (Percentage = -7.9%)
Lowest Days On Market: 3
Longest Days On Market: 251
Average Days On Market for Actives: 135
No unusual number of long listed homes this month
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DAYS TO SELL - PAST MONTHS
Days to sell: +11.5%
Increase of : 6 Days
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