Los Gatos Residential Real Estate Over Last Two Years

How's the Los Gatos housing market now and over the last two years?  The "supply and demand" graph gives a good visual clue as to the challenge of selling in this corner of SiliconValley. Relative to what's on the market, only a few Los Gatos homes are selling. (Charts and data per Clarus Matrix, a perk of our MLS and real estate board.)

Pricing (or "home value") is perhaps the most important thing to home owners. "What's my home worth?" is the question. Prices are improving in some segments of the market - homes "in the schools" and under about 1 million are in very high demand and that may be pushing prices upward.

The "months of inventory" or absorption rate indicates how long it would take Los Gatos homes for sale to be absorbed by buyers if homes continued to sell at the current rate per month and no new inventory came on the market. (Less than 6 months is a sellers market, more than 6 a buyers market.)

 The chart below would have us thinking that the sellers are very happy and that homes are fying off the market - the first chart, though, tells the broader picture of supply & demand. What IS happening, then? Some Los Gatos homes in some prices are selling really well, but many others languish.

Inventory is now declining. This is more acute in some price points and school districts than others, but overall, the available supply of Los Gatos real estate for sale is now noticeably less than at the peak.

The average days on market for Los Gatos homes for sale has jumped around quite a bit. We do seem to be past the peak - but with so much "up & down", it's hard to be sure. Let's hope that the worst is behind us.

A look at all the charts collectively would seem to indicate that although the market is tough on sellers and great for buyers overall, as a whole the town may have already hit its bottom.  We won't know unless things are stable and continue improving for another year or so.  And, of course, this is "general information" for our town. Your particular neighborhood could be behaving very differently since micro markets are very important here.  Please call or email me for information on your particular market.

Political Donations by Los Gatans: How Much Did We Give?

Today I stumbled upon an interesting demographics tool:  a map (and list) showing political donations in the last presidential election by city, particular address, by the donor's occupation, employer or last name.  It's on the Huffington Post and appears to search nationwide.  It is not 100% complete, though.  I actually made a donation in the last election but my name and info are not showing up - I believe that this may not have included donations in the last few weeks of the election for tha treason (that's when I sent my donation in).  Anyway, have a look around - it's interesting!

The site states that for Los Gatos:

"$1,073,805 was given by people who identified their city as "Los Gatos, CA".
$280,419 from 256 people to Republicans (av = $1095 each)
$793,386 from 773 people to Democrats" (av = $1026 each)

In neighboring Saratoga:

$1,272,097 was given by people who identified their city as "Saratoga, CA".
$456,436 from 264 people to Republicans (av = $1729 each)
$815,661 from 579 people to Democrats  (av = $1409 each)

And in Monte Sereno:

$39,448 from 36 people to Republicans (av = $1095 each)
$171,415 from 93 people to Democrats (av = $1843 each)

Interested in other areas? Start your search here on the San Jose page and then look for whatever criteria you want to use.