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Saratoga Homes for Sale | July 2014 Market Report

By
Real Estate Broker/Owner with KD Realty - 408.972.1822 CA DRE#01366594

 Saratoga CA Homes for Sale | July 2014 Market Report

The City of Saratoga is one of Silicon Valley's most prestigious bedroom communities with top rated schools.

There was a moderate decrease in the number of Saratoga homes for sale in June. Both the median and average prices decreased slightly. The number of homes sold showed a slight increase.

Saratoga Homes market snapshot for the month of July 2014 

  • Active Listings: 48 = 20.0% decrease from June which had 60 listings
  • Active Bank-Owned Homes: zeo and zero active REO's in June
  • Active Short Sales:  zeo and zero active short sales in June
  • Median Price: $2,000,000 = 7.1% decrease from June ($2,152,000)
  • Average Price: $2,348,770 = 1.6% decrease from June ($2,386,850)
  • No. of Saratoga Homes Sold: 37 = 5.7% increase from June (35 sales)
  • Pending Properties: 20 = 20.0% decrease from June (25 properties)
  • Bank-Owned Homes Sold: 0 = 100.0% decrease from June with 1 REO's sold
  • Short Sales Sold: Zero and zero short sales sold in June
  • Sale vs. List Price: 103.5% = 1.5% decrease from June (105.0%)
  • Average Days on Market: 26 = 12.4% increase from June (23 days)

Year over year the median home price increased 15.1%; the average sales price increased 23.1%;  the number of homes sold decreased 2.6%; and the number of active listings decreased 36.0%.  Saratoga continues to experience a sellers market with a shortage of homes for sale. Homes continue to sell for more than asking price.

 July 2014 Condos and Townhomes Market Report

 

 Photo of large tree downtown Saratoga CA

 

If you are considering selling your Saratoga home or Saratoga condo, call today to schedule a consultation. We will show you the benefits of our listing marketing strategies.  In addition, when you list your home with Kathleen Daniels, you are covered by a seller home warranty plan and a Seller's Protection Plan which provides a Seller coverage for up to 180 days after escrow closes. In the event of any inadvertent errors and omissions related to the sale of the home, Sellers receive up to $25,000, including defense costs, which Sellers would be legally obligated to pay in the event of a claim.

Call 408-972-1822 today!

If you are looking to buy a Saratoga home, we strongly recommend that you work with a Saratoga Realtor who will represent your best interests in a real estate transaction.  We are highly skilled negotiators. Let our many years of experience go to work for you. 

You will most likely need a Saratoga Mortgage when buying your home. We strongly recommend John Meussner with Total Mortgage.  You will want John's knowledge and expertise working for you. John's level of service is exceptional.  

Saratoga CA Homes for Sale | July 2014 Market Report - By Kathleen Daniels, Broker-Owner of KD Realty, selling Saratoga homes

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Probate Real Estate Services
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DRE#01366594

I specialize in probate real estate.
As a Certified Probate
Real Estate Specialist
my focus is on helping Executors and Administrators
avoid headaches
before they start.

“From the moment we met Kathleen, we were impressed with her professionalism, knowledge, patience, respect, humor, attention to detail, and compassion.  She's the Whole Package ~ excellent agent and wonderful human being!  In a potentially stressful experience, we have felt in good hands all along.  We are so grateful and recommend her without hesitation!”

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Comments (7)

Cy Phillips
Space Simply - President & CEO - Clive, IA

It is interesting to know these facts about Saratoga. Thanks for sharing Kathleen!

Aug 27, 2014 03:35 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

With the inventory being low, it's a great time for sellers to take advantage of the appreciating market.  Buyers & sellers alike would be wise to call you for help with their Saratoga real estate needs.

Aug 27, 2014 03:51 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Cy, thank you.

John, There is always opportunity for those who hire the right person. Thanks for your kind words.

Aug 27, 2014 04:16 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Kathleen - Very informative market report. It's always interesting to look at numbers from another area think about how different the markets are and what it would be like working there. Your median and average is our top.

Aug 27, 2014 07:26 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Kathleen Daniels 

Thank you for sharing these market statistics

This is most useful to buyers and sellers alike!

Enjoy your holiday weekend!  Be safe!

Aug 29, 2014 12:27 PM
The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

Hi Kathleen.  Nice post loaded with some good information.  I suspect it will bring some business your way.

Jan 31, 2017 08:52 AM
Eagle Ridge Realty
Eagle Ridge Realty - Gilroy, CA
"Our Performance Will Move You!"

Hi Kathleen, I just dropped by to see what interesting stuff you have posted.  Keep it up!

Feb 01, 2017 07:44 AM