Closed Sales in Los Gatos / Monte Sereno, California in July 2008

Closed Sales in Los Gatos / Monte Sereno, California in July 2008

Property Type:  Single Family Homes ~ Los Gatos / Monte Sereno

• There were 30 single family homes reported sold in Los Gatos / Monte Sereno during the month of July 2008.
• Current Inventory in the month of July 2008 = 172
• The Average Price was $1,609,631
• The Median Sales Price was $1,512,500
• The Average Days of Market (DOM) was 35
• % LP Received = 97.54%
• There were 77 new listings reported in Los Gatos / Monte Sereno, California in July 2008.

Property Type:  Condo / Townhomes ~ Los Gatos / Monte Sereno

• There were 5 condos / townhomes reported sold in Los Gatos / Monte Sereno during the month of July 2008.
• Current Inventory in the month of July 2008 = 50
• The Average Price was $605,600
• The Median Sales Price was $668,000
• The Average Days on Market (DOM) was 44
• % LP Received = 95.16%
• There were 18 new listings reported in Los Gatos / Monte Sereno, California in July 2008.

Definitions:

• Current Inventory = represents the total number of properties with status 1, 2, and 3.
  • Status 1 is active; Status 2 is pending with release; and Status 3 is pending without release.
• Average Price = the sum of the sales prices divided by the number of sales.
• Median Sales Price = is the sales price of the property that falls in the middle of all the sold properties.
• Average DOM = the sum of the number of days on market for sold properties divided by the count of sold properties.
• New Listings = the number of listings with a list date within the month being reported.
• % LP Received = the sum of the sold prices divided by the sum of the list prices multiplied by 100.

Kathleen Daniels is a Los Gatos / Monte Sereno ~ Silicon Valley Real Estate Broker serving the needs of home buyers and home sellers in Los Gatos / Monte Sereno and Silicon Valley ~ Santa Clara County.

1.800.972.1822 ~ Call today for a free ~ no obligation consultation!

Copyright © 2008, All Rights Reserved by Kathleen Daniels *Los Gatos / Monte Sereno Closed Sales in July 2008*