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As noted many times in this blog about Los Gatos real estate, the market is varied from one price point and school district, among other things, to the next.
The homes in the lowest price points and "in the schools" seem to be selling faster. For today's view into the market, let's consider homes in Los Gatos, with Los Gatos Schools, with 3 bedrooms and 2 bathrooms, priced at under $1,500,000.
The days on market or "DOM" for all pendings is a misleading number of almost 100 days. If the average DOM is 100, buyers can take their time, right?
But let's have a closer look and sort the results. If we pull the data apart by the date of the sale (when buyers and sellers agreed on price and terms), a different picture of the market emerges. The average DOM now is 1/3 of what it was for the current pendings PRIOR to June 1st!
| Street Address |
Bldg SqFt |
DOM |
Pend Date |
| LAVENDER LN |
2727 |
6 |
6/8/2009 |
| CHIRCO CT |
1605 |
128 |
6/8/2009 |
| CAMELLIA TE |
1783 |
5 |
6/6/2009 |
| BERSANO LN |
2324 |
14 |
6/6/2009 |
| BOYER LN |
2368 |
18 |
6/5/2009 |
| NEW YORK AV |
1890 |
95 |
6/5/2009 |
| GOLF LINKS DR |
3200 |
20 |
6/4/2009 |
| SHANNON RD |
2650 |
0 |
6/2/2009 |
| CARLTON CT |
2550 |
87 |
6/2/2009 |
| LAS MIRADAS DR |
1300 |
12 |
5/30/2009 |
| CARLESTER DR |
1520 |
284 |
5/30/2009 |
| LA CANADA CT |
1150 |
35 |
5/29/2009 |
| LAS MIRADAS DR |
1820 |
135 |
5/28/2009 |
| CILKER CT |
2856 |
113 |
5/27/2009 |
| JACARANDA WY |
2750 |
46 |
5/26/2009 |
| TOURNEY RD |
3438 |
208 |
5/21/2009 |
| LONGRIDGE RD |
1296 |
6 |
5/18/2009 |
| MARCHMONT DR |
2179 |
75 |
5/16/2009 |
| LOMA ALTA AV |
1496 |
42 |
5/12/2009 |
| CERRO VISTA DR |
1706 |
18 |
5/9/2009 |
| SHANNON RD |
2060 |
34 |
5/4/2009 |
| CILKER CT |
2674 |
194 |
5/2/2009 |
| LOMA ALTA AV |
1450 |
249 |
4/29/2009 |
| QUARRY RD |
1890 |
447 |
4/28/2009 |
| GARDEN HILL DR |
2016 |
17 |
4/24/2009 |
| WINCHESTER BL |
2665 |
311 |
3/23/2009 |
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| Av DOM all pendings |
|
99.96 |
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| Av DOM since 6-1 |
|
41.44 |
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| Ave DOM before 6-1 |
|
130.94 |
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While some homes are not selling too fast, the pace appears to be quickening dramatically. It may be awhile before this is seen in the sold data, but it's very much a "real time" snapshot of the market activity now.
Sellers, if you get your home into great shape and price it aggressively, you may be able to sell your home so fast that it will shock your neighbors.
Buyers, if you are trying to purchase a home that falls into this segment, it's important to see homes that interest you quickly now, since they may not last a week or two.
If you'd like more information on data pertaining to your home or the type of home you'd like to buy, please contact me. We can set up a meeting and go over the information that matches your own situation.
(Numbers by our MLS, MLSListings.com. Data exported, sorted and crunched by Mary Pope-Handy.)
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