LOS GATOS INVENTORY AT AN ALL TIME LOW!!

By
Real Estate Agent with Coldwell Banker BRE #01883674

Just when we thought things couldn't get tighter with inventory, Los Gatos has gone and done it!  And Los Gatos is not alone...all of Santa Clara county is lacking inventory as well.  Actually, lacking is putting it mildly!!  Los Gatos currently has 43 active listings (this includes single family homes, townhouses, and condos), compared to 73 active listings this time last year!!  Santa Clara County is down from last year's 1159 active listings to 703 current active listings!  That's approximately 40% down!

 

With interest rates forcasted to go up by year end, buyers will want to jump on the opportunity to take advantage of low interest rates while they last.  This gives way to prime opportunity for home owners to sell their house.  If you need advise on how to get started, or have any questions about our current market, please contact me...I'd be happy to help and answer your questions!

Comments (4)

Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

As the inventory gets smaller the strategies probably also changes right Jayne Esposito ?

Jan 10, 2015 08:24 AM
Jayne Esposito
Coldwell Banker - Morgan Hill, CA
SRES, GREEN

You got it Tom!  I tell my buyers this is not the time to mess around!

Jan 10, 2015 10:03 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Jayne -- it's difficult for buyers competing in a low inventory market.  Time for homeowners who may have been thinking of selling to step up and possibly realize net proceeds higher than they thought possible.  

Jan 11, 2015 02:24 AM
Jayne Esposito
Coldwell Banker - Morgan Hill, CA
SRES, GREEN

Michael Jacobs, how's the market in Pasadena?  We have been going strong for almost 3 years with multiple and above list offers.  What blows my mind are the buyers who go 200K above list and don't get the accepted offer!!

Jan 11, 2015 02:37 AM