Robert Whitelaw, Real Estate Broker - Morgan Hill, Los Gatos, Almaden, Blossom Valley, Gilroy - Los Gatos - July 2008

Los Gatos - July 2008 - Real Estate Market Analysis

Wednesday, 27 August 2008

Not a great month for Los Gatos. We are starting to see a few cracks in the market with declines in average price, increases in inventory and decreases in sales. However, time on market is still reasonable.

This may just be the best time to consider buying in Los Gatos while prices are weaker in a market where home prices have historically always grown.

Summary Of Comparable Properties LOS GATOS, CA
Single Family Residential

Address	City	Beds	Bath	DOM	CDOM	LOE	SqFt	$/SqFt	Lot(SqFt)	List Price	Age	Sale Price

SOLD
99 Foster Rd	Los Gatos	4	3 1/2	65	65	18	3,000	$1,016.67	34,000	$3,300,000		$3,050,000
85 Reservoir Rd	Los Gatos	4	4+	12	229	36	4,410	$649.66	20,000	$2,998,000	10	$2,865,000
118 Blueberry Hill Dr	Los Gatos	3	2 1/2	7	7	21	2,930	$784.98	12,390	$2,099,900	16	$2,300,000
65 Whitney Av	Los Gatos	4	3	12	12	39	2,475	$888.89	7,405	$2,229,000	8	$2,200,000
16600 Oleander Av	Los Gatos	4	4+	8	8	44	3,112	$684.45	11,761	$2,200,000	57	$2,130,000
341 Los Gatos Bl	Los Gatos	4	3 1/2	23	23	39	3,060	$678.1	9,815	$2,150,000	8	$2,075,000
16309 Short Rd	Los Gatos	4	3	82	82	27	2,894	$615.07	25,844	$1,849,000	69	$1,780,000
28 Bayview Av	Los Gatos	4	3	80	80	63	2,045	$868.46	4,356	$1,749,000	103	$1,776,000
18590 Farragut Ln	Los Gatos	6+	3	24	24	20	2,798	$607.56	47,916	$1,699,956	52	$1,699,956
130 Regent Dr	Los Gatos	3	2 1/2	167	167		3,112	$541.45	12,196	$1,760,000	8	$1,685,000
144 Whitney Av	Los Gatos	3	2	6	6	23	1,737	$906.74	6,160	$1,575,000	2	$1,575,000
107 Los Patios	Los Gatos	5	2 1/2	10	98	40	2,986	$502.34	10,350	$1,549,000	35	$1,500,000
16940 Sheldon Rd	Los Gatos	4	3	37	37	23	2,911	$489.52	362,419	$1,495,000	28	$1,425,000
140 Old Orchard Dr	Los Gatos	4	2 1/2	18	25	34	2,167	$586.06	9,000	$1,299,000	46	$1,270,000
138 Terreno De Flores Ci	Los Gatos	4	2 1/2	4	4	31	2,442	$470.93	5,227	$1,150,000	5	$1,150,000
147 Belhaven Dr	Los Gatos	4	2	4	4	30	1,960	$553.57	10,000	$1,050,000	43	$1,085,000
118 Yosemite Wy	Los Gatos	3	2	21	21	11	1,289	$830.1	7,854	$1,095,000	57	$1,070,000
16551 Englewood Av	Los Gatos	3	2	45	45	51	1,116	$896.06	8,100	$1,099,000	63	$1,000,000
243 Prince St	Los Gatos	3	2	6	82	29	1,687	$589.8	8,856	$999,888	47	$995,000
480 Wraight Av	Los Gatos	2	1	47	277	19	1,076	$910.78	5,500	$997,000	62	$980,000
15681 Camino Del Cerro	Los Gatos	3	1	6	6	28	1,170	$794.87	12,196	$990,000	65	$930,000
199 Smith Ranch Ct	Los Gatos	2	2	64	534	87	1,351	$687.64	5,227	$929,000	3	$929,000
239 Prince St	Los Gatos	4	2	46	46	21	1,456	$625	8,424	$950,000	47	$910,000
16474 Los Gatos Almaden Rd	Los Gatos	3	2	13	13	30	1,273	$706.21	10,875	$899,000	58	$899,000
244 More Av	Los Gatos	4	2	5	5	12	1,498	$560.75	8,288	$815,000	44	$840,000
223 Mary Alice Dr	Los Gatos	3	1 1/2	7	7	42	1,142	$604.2	6,000	$689,000	47	$690,000

AVERAGE VALUES				32	73	33	2,196	$694.23	25,775	$1,523,682	39	$1,492,652


AVERAGE VALUES FOR ALL				32	73	33	2,196	$694.23	25,775	$1,523,682	39	$1,492,652