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May 2008

Los Gatos Will Be Los Perros for a Day

Date: May. 12, 2008
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Bella, the Handy Family DogIt had to happen. The Town of Los Gatos, meaning The Cats, has long been a haven for dogs. Stroll down Main Street, University Avenue or North Santa Cruz Avenue and you'll see water bowls left out for pooches. Or you'll discover places to tether canines near the shops. Dog lovers almost seem to have a magnetic attraction to this corner of Silicon Valley. The irony is not lost on the locals.

So it's no secret: The Cats is really a town for dogs. At Halloween, we always have a dogs in costume parade. There's even talk of creating a dog park in Los Gatos.

It should come as no surprise, then, that the town's mayor, Barbara Spector, has declared May 17th the Dia De Los Perros. The only question I have is this: will it be an annual event? Let's see how the first one goes. Maybe it's true, after all, that the town of Los Gatos is "going to the dogs".

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The Real Estate Market Trends in Los Gatos


Los Gatos Home Sales Trends

How's the real estate market in the Town of Los Gatos? The Los Gatos housing market varies from one price point and neighborhood to the next, from one type of housing to the next, and even between the town's two zip codes, 95030 and 95032. Here we'll take a view of the overall movement in the market; please understand that it may or may not apply to your Los Gatos home so please call or email me for specific information relating to your property.

Overall, Los Gatos continues to be a buyer's market, though not as deep as in other places in Santa Clara County. Inventory is rising in both single family homes and in condos/townhomes, which is a typical trend for this time of year.

The market has improved somewhat over a month ago in terms of median and average sales price (the graphs below use a 12 month moving average, but the actual numbers do show an uptick). To view the report for Los Gatos using the actual numbers rather than the moving average, please have a look at my new online Real Estate Report. Below are links to specific pages within it that are most relavent to the readers of this blog:

(1)
Single Family homes in Los Gatos
(2) Condos and Townhomes in Los Gatos
(3) The Monte Sereno Real Estate Market (SFH, not enough condos for April report)
(4)
Single Family Homes in Saratoga
(5) Condos and Townhomes in Saratoga
(6) Single Family Homes in Almaden Valley
(7) Condominiums and Townhouses in Almaden Valley

How about general trends, using moving averages, in the real estate market for the Town of Los Gatos?

The following chart shows median and average price trends plus sales. The chart uses a 12-month moving average to eliminate any seasonal variation.

The next chart is the same as above but uses a 3-month moving average. This smoothes out month-to-month variations yet shows seasonal variations. Here, you can see the uptick in the number of homes sold in Los Gatos.

This chart shows the current inventory of Los Gatos single family homes for sale compared to the number that have sold in the town.

The next series of charts shows the same thing as above but for condominiums and town homes in the Town of Los Gatos.

Please call or email me for specific information on your particular situation
in Los Gatos or anywhere in Silicon Valley.

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Mother's Day in Los Gatos

Date: May. 7, 2008
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Mother's Day is this Sunday, May 11th. What can you do to celebrate in Los Gatos?

Pink RoseA lot of folks are led to believe that Mother's Day needs to be a day of buying expensive gifts. But that may not be at all what the mother of the family really wants. So the starting point, I think, is to simply ask what she would like to do to celebrate the day.

Brunch is a somewhat traditional Mother's Day event. A wonderfully elegant buffet on any Sunday can be found at the Toll House Hotel in downtown Los Gatos. There's also a special brunch at Testarossa Vineyards in Los Gatos for Mother's Day too.

Many young mothers are simply tired and could use a day of rest and relaxation. Maybe a massage? There are several places in Los Gatos which offer massages, including the Spa Los Gatos and the Preston-Wynne Spa at the Hotel Los Gatos.

Other moms may want to spend their time with their families and do a little shopping on Mother's Day. It's easy to relax at the Farmer's Market at the Town Plaza (at North Santa Cruz and Main) and then shop along Main Street, University Avenue, and North Santa Cruz Avenue. Take a stroll through the flower shop, Bunches, on N. Santa Cruz, while you're there.  If the kids need a bite to eat, there's no shortage of possibilities downtown. The Diner of Los Gatos (on Highway 9) is always a good bet for children, but so are several other places downtown. Or if they get a little restless, a trip to Oak Meadow Park and Vasona Lake County Park can help them expend a little excess energy.

As a Realtor, I've noticed that Mother's Day is not a bad time to hold an open house. It seems that a whole lot of women in Silicon Valley enjoy looking at homes when given a chance. So husbands, I'd suggest plotting out a few homes to show her too, if that's something she'd enjoy! (It is easy enough to see what is open by doing a search at www.MLSListings.com and check the small box that says to display only the open homes.)

What if your mother or mother in law is far away? Flowers are usually good, but so are current photos of grandkids, if there are some. My husband seldom told his parents of his accomplishments, and I found that when I wrote or told them of his successes, it made them very happy. Grandparents love to hear those stories, so take a little time and write an old-fashioned letter and tell them about milestones and accomplishments, whether it's a first tooth or first step or if it's their grandchild being accepted into college. They want to hear this stuff!

As for me, I'm fairly well spoiled on a regular basis as my husband loves to cook. Last year I told the family I wanted to go to Half Moon Bay and visit a haunted restaurant for brunch and take some photos. They humored me, but wish I didn't enjoy visiting spooky places so much. This year I think I'll pass on the haunted spots and see about doing a hike or a walk in Los Gatos with cameras in hand and shoot some pics of the kids and the sights. Los Gatos is full of scenic spots, so now the only choice is where in town to go. We have a few days to figure that part out.

Happy Mother's Day!

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How is the Los Gatos Real Estate Market Now?


It remains a buyer's market in Los Gatos, but not as deep a buyer's market as in many other parts of Silicon Valley.

Below please find links to reports on the local Los Gatos housing market, broken down by zip code and housing type, current as of April 28, 2008.  One of the most helpful aspects of the Altos reports is that it breaks the activity down by market quartiles, so that the activity in entry level homes, for instance, is differentiated from the luxury home market. Have a look:

Los Gatos Single Family Homes in 95030

Los Gatos Single Family Homes in 95032

Los Gatos Condos and Townhomes in 95030

Los Gatos Condos and Townhomes in 95032

These are care of Altos Research, which uses list prices (rather than sales prices). In a week or so we'll have the data on solds in Los Gatos from April, care of another subscription I have, the Real Estate Report. Please check back soon to get that information.

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Live in Los Gatos:
A blog about Los Gatos real estate, homes, houses, condos, townhomes, housing market, neightborhoods, history, events, businesses, parks, schools, photos, issues, and lifestyle.



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