Trends in the Los Gatos real estate market

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Real Estate Agent with Sereno Group Real Estate 01153805

How's the market?

Los Gatos, California, is a town within Silicon Valley (largest city of which is San Jose), part of the San Francisco Bay Area and "gateway" to the tech hub from the coast.

The Los Gatos real estate market trends vary tremendously based on many factors, such as proximity to downtown, school district,  price point, home size and lot size, view, and naturally the condition of the home. Today we’ll consider the single family home or house segment throughout Los Gatos 95030 and 95032.  Not included here are the Los Gatos Mountains (Santa Cruz Mountains) or the condo / townhouse market.

Overall market comments:  right now, most of the houses listed for sale below $3 million are selling fairly well in most of Los Gatos when everything is right: home’s in good shape, no big scary issues, no unfixable problems with a big price tag attached to the job, and of course, an attractive list price.  In today’s climate, home buyers are wary of big ticket items such as foundation repairs, re-roofing, drainage work, and anything which seems to be a potentially costly unknown. If a house needs a total rehab, many regular buyers will step back and contractors and investors may be the ones to seal the deal. And that means it will sell for much less.

Please read the full article on popehandy.com:
Los Gatos real estate market trends

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Mary Pope-Handy
Realtor, CRS, CIPS, ABR, SRES
 
CalBRE # 01153805
 
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