The market is crazy, inventory is at historic lows all over the Silicon Valley. Over 95% of all homes in Santa Clara County recieve multiple offers. Prices are increasing due to high demand from high employement.
Despite this craziness there are still some wonderful places to live where the chances of having your offer accepted are higher than in other places. Los Gatos is one of those towns. The shcools are great, the down town area is fun, the views of the mountains are beautiful, and the freeway access is good.
Homes in Los Gatos vary from historic Victorians, mid century ranches, craftman style cottages, to new construction. there is something for everyone. The good news is that even though prices are on the rise in Los Gatos, you can still buy a home for just a little over asking price in most cases. In the month of April the average list to sales price ratio was just under 102%.
This compares very favorably to Palo Alto where the list price to sales price ratio in April was over 112%
So, if you want to buy a home in the Silicon Valley, are frustrated by the amount over asking price that homes are going for, and want a wonderful community then maybe you should take a look at buying a home in Los Gatos.
If you have any questions about buying or selling a home in Los Gatos please feel free to contact me.
Keller Williams Realty