The Los Gatos Real Estate Market - September 2012
Consumers and Realtor like to see how the market is doing from month to month or from year to year. Right now the market is improving and the numbers are definitely coming up in most areas. How is your area doing? Mine is doing well but not in the price ranges of Los Gatos.
Los Gatos Real Estate Report for August 2012 Sales
How are prices for the Los Gatos real estate market? (Click on link for full data from my Los Gatos Real Estate Report for any or all of these areas - be sure to read the commentary on that page as well. It's found in the lower right hand corner.)
Below please find the statistics and numbers for house sales in the town of Los Gatos (95030 and 95032), including county pockets, which closed in the month of August. The market appears a little softer than it was in June - so this is possibly just a seasonal fluctuation.
Trends At a GlanceAug 2012Previous MonthYear-over Year
Median Price $1,311,000 $1,407,500 (-6.9%) $1,395,000 (-6.0%) Average Price $1,514,980 $1,444,520 (+4.9%) $1,519,890 (-0.3%) No. of Sales 30 28 (+7.1%) 32 (-6.3%) Pending Properties 42 42 (0.0%) 42 (0.0%) Foreclosures Sold 1 1 (0.0%) 0 (N/A) Short Sales Sold 2 1 (+100.0%) 3 (-33.3%) Active Listings 90 101 (-10.9%) 134 (-32.8%) Active Foreclosures 0 0 (N/A) 3 (-100.0%) Active Short Sales 3 5 (-40.0%) 12 (-75.0%) Sales Price vs. List Price 96.7% 99.4% (-2.7%) 97.5% (-0.8%) Days on Market 44 21 (+106.6%) 52 (-15.4%) Los Gatos condominium & townhouse sales (click on link for more info)
Improvement month over month, but year over year the numbers are still down.
Trends At a GlanceAug 2012Previous MonthYear-over Year
Median Price $612,500 $505,000 (+21.3%) $657,000 (-6.8%) Average Price $626,083 $538,350 (+16.3%) $550,984 (+13.6%) No. of Sales 12 8 (+50.0%) 7 (+71.4%) Pending Properties 14 15 (-6.7%) 14 (0.0%) Foreclosures Sold 0 1 (-100.0%) 0 (N/A) Short Sales Sold 0 0 (N/A) 2 (-100.0%) Active Listings 18 16 (+12.5%) 56 (-67.9%) Active Foreclosures 0 0 (N/A) 5 (-100.0%) Active Short Sales 0 0 (N/A) 7 (-100.0%) Sales Price vs. List Price 100.1% 100.2% (0.0%) 96.9% (+3.3%) Days on Market 30 62 (-50.9%) 76 (-60.4%) To see the full report, please visit my Live in Los Gatos blog and read the rest of the article there!
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