Los Gatos Home Sales Trends
The following chart shows median and average price trends plus sales in the Los Gatos real estate market of single family homes (this is for the zip codes 95030 and 95032, not the mountain areas of 95033). The chart uses a 12-month moving average to eliminate any seasonal variation. Note that overall, prices of sold homes continue to rise, even as the number of sales has been declining.
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. What is unusual here is that the number of sales is not rebounding as much as is seasonally normal.
This chart shows the current inventory of homes for sale compared to the number that have sold. The larger the gap between inventory and sales, the harder it is to sell, of course. So it is a little amazing that prices are rising at all.
The next series of charts shows the same real estate data as above but for condominiums and town homes in the Town of Los Gatos. As you can see, it's a little harder on the condo and townhome market in Los Gatos. Prices do not appear to be rising in this segment of the market.
For detailed information on specific homes or neighborhoods, contact me.. And to see more neighborhoods and more data, please visit my online report: http://www.rereport.com/sj/winmph/
Data collected from MLSListings.com (REInfolink), compiled by ReReport.com - used by permission (I am a subscriber)
Mary Pope-Handy
Realtor, CRS, ABR, e-PRO, SRES, ASP, RECS, CNHS, ACRE
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