How did the Los Gatos Real Estate Market Fare in October?

Real Estate Agent with Sereno Group Real Estate 01153805

For many homesellers in Los Gatos (and Silicon Valley generally), and for their Realtors, the real estate market is extremely challenging right now. Buyers have been wary for many months already, but now they're concerned about a recession and job losses, not just the possibility of a real estate sales price that won't hold its value later. It is a deepening buyers market overall, but especially within the market for single family homes.

Read more at Closed Sales of Homes in Los Gatos: Yes, The Numbers Are Down (includes the absorption rates of single family homes and condos in Los Gatos in 2008).

whats-my-home-worth-button     search-for-homes-button    




Posted by
Mary Pope-Handy
CalBRE # 01153805
(408) 204-7673   |   |  

Comments (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Mary, I was thrilled to get into your lovely site but sorry that sales were down right now.  For some reason I thought the market was steady in your beautiful area of Los Gatos.

Nov 03, 2008 02:51 PM
Mary Pope-Handy
Sereno Group Real Estate - Los Gatos, CA
CRS, CIPS, ABR, SRES, Silicon Valley

Carole - thanks. Yeah, Los Gatos and nearby areas were slow to feel the wave but eventually it did reach here. Not as bad as in many areas (lowest priced areas of San Jose have prices down by 40%). Agents' sales are WAY down.

Nov 04, 2008 12:52 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for posting this information - it is always helpful to know what is going on in other parts of the country! 

Jun 23, 2014 10:57 PM